service tax objective questions and answers pdf

Service Tax Objective Questions And Answers Pdf

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Published: 28.05.2021

If you are an accountant or finance person handling all GST compliance, looking for a job. Then you should checkout these interview questions to prepare for your next job interview.

It has a policy to gift a Hero motorcycle to its employee at the end of the financial year in terms of the employment contract. During the month of March , the company gifted 35 motor cycles among its employees whose open market value comes to Rs. He carried Handicraft goods worth Rs. The driver of vehicle argued that E Way bill not required, since the value of consignment is less than Rs. Which one of the following statement is true.

Value-Added Tax (VAT)

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, Description: In this case, the service provider pays the tax and recovers it from the customer. Service Tax was earlier levied on a specified list of services, but in th. Direct tax is a type of tax where the incidence and impact of taxation fall on the same entity. These are largely taxes on income or wealth. Income tax, corporation tax, property tax, inheritance tax and gift tax are examples of direct tax.

If a training course is deemed to be a taxable supply how do you value the tuition and course materials? If a supply of a training course consists of a supply of tuition and course materials, the fee charged for the training course is the consideration for the supply. In working out whether a supply of supported accommodation or crisis accommodation is GST-free, charities can use the daily or weekly Benchmark market values of accommodation refer to GST and non-commercial rules — benchmark market values instead of using the Market value guidelines. A supply of residential premises by way of lease, hire or licence is input taxed to the amount they are used predominantly for residential accommodation. The charity can claim input tax credits for purchasing things to make the supply. The charity cannot claim any input tax credits for purchasing things to make the supply. How will this be treated for GST purposes?

Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile.

GST Questions and Answers Quiz PDF – MCQs on Goods and Services Tax in India

There are a lot of opportunities from many reputed companies in the world. Know the program inside-out As an accounting professional expected to work with Tally, you should be more than familiar with the software and its functions. We are happy to see you again! Already a member? You have to select the right answer to the question. Question 2.

Updated on Jan 30, - PM. Under GST , 3 types of taxes can be charged in the invoice. But deciding whether a particular transaction is inter or intrastate is not an easy task. Think about an online training where customers are sitting in different parts of the world. Say in case, hotel services, where the receiver may have an office in another state and may be visiting the hotel only temporarily, o r where goods are sold on a train journey passing through different states. To help address some of these situations, the IGST act lays down certain rules which define whether a transaction is inter or intrastate.

The CJEU decided that the EU freedom of establishment does not preclude Member States from levying a progressive tax on turnover, the actual burden of which is mainly borne by companies controlled from another Member State. The Court also ruled that Hungarian advertisement tax penalty regime disproportionately affected companies located in another EU Member State and was therefore contrary to the EU principle of freedom to provide services. For more information, please refer to Euro Tax Flash Issue The case concerned the submission of a loss-relief claim in the Czech Republic in respect of losses generated in the Netherlands. The CJEU determined that the principle of freedom of establishment under Article 49 of the Treaty of the Functioning of the European Union TFEU does not preclude the legislation of a Member State from excluding the possibility for a company, which has transferred its place of effective management and, as a result, its tax residency to that Member State, from claiming a tax loss incurred, prior to that transfer, in another Member State, in which it has retained its registered seat. On February 25, , the Council approved a negotiating mandate which authorizes the European Commission to begin negotiations with the United Kingdom on the future relationship between the EU and the UK.


Integrated Goods and Services Tax is applicable when - a) Sold in a) Mixed supply b) Composite supply c) Common supply d) Continous supply. Goods.


GST (Goods and Service Tax) - MCQ Questions and Solutions with Explanations

This tax has subsumed many Indirect taxes. We have made 10 relevant questions on the GST for the different competitive exams. So solve this set of quiz and evaluate your preparation on this topic. In India this tax is levied to abolish the multiple indirect taxes in the country. Explanation: GST will subsume all the indirect taxes applicable in India.

Лужа крови под телом Хейла расползалась на ковре, напоминая пятно разлитой нефти. Стратмор смущенно посмотрел на труп, затем перевел взгляд на Сьюзан. Неужели она узнала.

Special Enrollment Examination Questions and Official Answers

 Вы сможете его найти? - спросил Стратмор. - Конечно. Почему вы не позвонили мне раньше.

India’s #1 GST software

Поскольку компьютеры находились во включенном состоянии круглые сутки, замок позволял криптографам покидать рабочее место, зная, что никто не будет рыться в их файлах. Сьюзан ввела личный код из пяти знаков, и экран потемнел. Он будет оставаться в таком состоянии, пока она не вернется и вновь не введет пароль. Затем Сьюзан сунула ноги в туфли и последовала за коммандером. - Какого черта ему здесь надо? - спросил Стратмор, как только они с Сьюзан оказались за дверью Третьего узла. - Как всегда, валяет дурака, - сказала Сьюзан. Стратмор не скрывал недовольства.

 Время. - Три часа. Стратмор поднял брови. - Целых три часа. Так долго. Сьюзан нахмурилась, почувствовав себя слегка оскорбленной. Ее основная работа в последние три года заключалась в тонкой настройке самого секретного компьютера в мире: большая часть программ, обеспечивавших феноменальное быстродействие ТРАНСТЕКСТА, была ее творением.

Вы говорите, что находитесь в центре, верно. Вы знаете отель Альфонсо Тринадцатый. Один из лучших в городе.

 Я полагаю, что у вашей подруги есть и фамилия. Беккер шумно вздохнул. Разумеется.

3 comments

Amaury P.

India is notorious for its complex tax system.

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