21. Every supplier on e-commerce platform covered under Section 52 required to collect TCS from ₹ 1?
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71%
(a) Yes, since he is the registered taxable person.
29%
b) No
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22. The e-commerce operator collect tax at source, when
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2%
(a) On the date when the other supplier makes supplies through operator
21%
(b) He collects the consideration on behalf of the supplier in respect of such supply
17%
(c) Day on which the operator remits the consideration to the supplier
32%
(d) Option (a) or (b) whichever is earlier
28%
(e) Both (b) & (c)
Chap 12 - TDS / TCS
23. The e-commerce operator should remit the amount of TCS to government and file the necessary returns with
the government?
option
(a) Within 10 days after the end of the month in which such amount was collected, but no time limit for filing
the return
(b) Within 10 days after the end of the month in which such amount was collected, but no time limit for paying
the money
(c) Within 10 days after the end of the month in which such amount was collected & furnished return in form
GSTR – 8
(d) No time limit for both
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Chap 12 - TDS / TCS
24. M/s. X & Co., is registered under GST in Gujrat. It sells leather handbags across India through e-commerce
operator Clickcart. Clickcart, is also registered with Gujrat GST Authority as TCS collector and collected TCS on
supplies made through it. M/s X & Co. made sales of Rs. 3,45,000/- and received sales returns of Rs. 67,700/- in the month of October, 2019. Sales are inclusive of tax. Leather handbags are taxable @ 18% GST. Determine
Amount of TCS.
option
(a) CGST Rs. 1,175 & SGST Rs. 1,175
(b) CGST Rs. 1,725 & SGST Rs. 1,725
(c) IGST Rs. 2,350
(d) CGST Rs. 1386.5 & SGST Rs. 1386.5
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2. Rate of TCS is ____________
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7%
(a) CGST 0.5%, SGST 0.5% and IGST 2%
82%
(b) CGST 0.5%, SGST 0.5% and IGST 1%
9%
(c) CGST 1%, SGST 1% and IGST 2%
2%
(d) None of the above
26. E-Commerce operator will furnish monthly statement within 10 days of the next month in form ____________ #CAMCQQuiz
Anonymous Quiz
2%
(a) GSTR- 1
5%
(b) GSTR- 4
65%
c) GSTR - 8
27%
d) GSTR -7
The amount collected under Section 52(1) shall be paid to the Government by the operator _________ in which such collection is made, in such manner as may be prescribed
option
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option
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9%
(a) Within 10 days after the end of the quarter
4%
(b) Within 10 days after the end of the financial year
83%
(c) Within 10 days after the end of the month
4%
(d) Within 20 days after the end of the quarter
Chap - ITC
Q4 - Find out the correct option, ITC can be availed on
i. Possession of prescribed invoice/ debit note
ii. Return furnished as per section 39.
iii. Receipt of goods/services
iv. Tax on such supply has been paid to government and return being furnished by the supplier
option
(a) (i) & (ii)
(b) (ii) & (iii)
(c) (iv)
(d) (i), (ii), (iii) & (iv
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Suraj Rana hires a works contractor for renovating his factory building on a lumpsum payment₹ 12,80,000 He debits half of the exp in the P&L and rest half in the building account.
Assuming the rate of GST to be 18% Suraj Rana can take input tax credit of
Assuming the rate of GST to be 18% Suraj Rana can take input tax credit of
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6%
a) Rs. 90,000
43%
b) Rs. 1,06,200
16%
c) Rs. 2,12,400
35%
d) Rs. 97,627
Chap - ITC
2. Lala Lajpat Rai Pvt. Ltd. has following units:
A. Factory in Patna, Bihar; closed from 2022-23 onwards, no turnover.
B. Factory in Mumbai, Maharashtra ; turnover of Rs. 54 crores in 2022-23;
C. Service centre in Ludhiana, Punjab; turnover of Rs. 2 crores in 2022-23;
D. Service centre in Delhi; turnover of Rs. 6 crores in 2022-23;
The company’s corporate office functions as an input service distributor. It has to distribute input tax credit of Rs.
18 lakh for April, 2023. Of this, an invoice involving tax of Rs. 6 lakh pertains to technical consultancy for Ludhiana,
Punjab unit.
Input tax credit will be distributed as:
Options
(a) Rs. 3,00,000 to Patna Factory, Rs. 9,00,000 to Mumbai factory, Rs. 3,00,000 to Ludhiana service centre and Rs. 3,00,000 to New Delhi service centre.
(b) Rs. 10,45,161 to Mumbai factory, Rs. 6,38,710 to Ludhiana service centre and Rs. 1,16,129 to Delhi service centre.
(c) Rs. 10,80,000 to Mumbai factory, Rs. 40,000 to Ludhiana service centre and Rs. 80,000 to New Delhi service
centre.
(d) Rs. 16,20,000 to Ludhiana factory, Rs. 60,000 to Faridabad service centre and Rs. 1,20,000 to New Delhi
service centre.
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Chap - ITC
5. ITC cannot be claimed by a registered person for
i. Taxable supplies for business purpose
ii. Taxable supplies for non-business purpose
iii. Exempted supplies
iv. Non-taxable supplies
option
(a) (ii),(iii) and (iv)
(b) Only (iv)
(c) Only (i)
(d) Only (iii) and (iv)
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