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Indirect TAX MCQ Question with Answer

Indirect TAX MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.

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Question No : 29
In relation to central Excise, under Physical Control System, goods can be removed on any day, at any time.

True
False

Question No : 30
In case of non-payment of excise duty, interest is to be paid @ ____________on the amount of unpaid duty, or, _________ per day, whichever is higher.

15%, Rs.1000
24%, Rs.1,000
24%, Rs.500
15%, Rs.500

Question No : 31
Excise Duty is to be paid through ________________ challan.

TR - 6
TR - 3
ST - 6
ST - 3

Question No : 32
The time limit for sending back manufactured goods by job-worker to the principal manufacturer is ______________ days.

6 Months
180 Days
1 Year
None of the above

Question No : 33
The claim for refund of excess Service Tax paid has to be made within _______________ from the date of payment of excess tax.

3 Months
6 Months
1 Year
None of the above

Question No : 34
A SSI unit opting for non-CENVAT facility has to pay duty after crossing turnover of ____________ at full rate of tariff duty.

Rs.1 Crore
Rs. 50,000
Rs.25,000
Rs.5,000

Question No : 35
In India service tax had been levied on the recomendation of

Tax Reforms Commitee
Ministry of Finance
CBDT
Revinue Minister

Wanna test your skill? Here are some exams we prepared for you. So if you need to test your skill just attempt any exam from bellow.

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Accounting set 1 30 Start
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