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CA Final Refunds — practice questions

Explore 47 free Refunds questions in CA Final Indirecttaxlaws. Open each question or exercise to read its content, reference answers and available explanation.

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Refunds questions and exercises with answers

Showing questions 1–30 of 47.

Section 54(1) refund application is due within?Read the answer and worked solution →A consulate's refund claim under Section 54(2) is due within?Read the answer and worked solution →Who can claim refund under Section 54(2) like a consulate?Read the answer and worked solution →Unutilised input credit refund under Section 54(3) is claimed when?Read the answer and worked solution →Input credit refund is allowed on zero rated supplies made?Read the answer and worked solution →Inputs at 18 percent, output at 5 percent. Credit refund?Read the answer and worked solution →Only fully exempt supplies made. Inverted rate refund?Read the answer and worked solution →Input credit refund is barred for exports when?Read the answer and worked solution →Exporter avails central tax drawback. Input credit refund?Read the answer and worked solution →On unjust enrichment, Section 54(4) applicant must show?Read the answer and worked solution →A declaration replaces evidence if the claim is below?Read the answer and worked solution →Under Section 54(5), refund is ordinarily credited to?Read the answer and worked solution →Provisional refund on zero rated supplies, Section 54(6)?Read the answer and worked solution →Section 54(7) requires the refund order within?Read the answer and worked solution →Which refund is paid straight to the applicant, Section 54(8)?Read the answer and worked solution →Tax paid on a supply never made, no invoice. Refund goes to?Read the answer and worked solution →Under Section 54(8)(e), which tax is paid to the applicant?Read the answer and worked solution →Despite any court order, Section 54(9) allows refund only under?Read the answer and worked solution →A defaulter has not filed returns. The refund may be?Read the answer and worked solution →Under Section 54(10), what may be deducted from the refund?Read the answer and worked solution →In Section 54(10), the specified date means?Read the answer and worked solution →Who may withhold a refund on fraud grounds, Section 54(11)?Read the answer and worked solution →Before withholding under Section 54(11), the person gets?Read the answer and worked solution →Advance tax of a casual taxable person is refunded only if?Read the answer and worked solution →Under Section 54(14), a refund below what is not paid?Read the answer and worked solution →Relevant date for goods exported by sea or air?Read the answer and worked solution →Relevant date for tax on deemed export goods?Read the answer and worked solution →Service done first, forex received later. Relevant date?Read the answer and worked solution →Service payment came in advance of the invoice. Relevant date?Read the answer and worked solution →Tax refundable due to a court order. Relevant date?Read the answer and worked solution →

Worked practice questions

Section 54(1) refund application is due within?

  1. Six months of relevant date
  2. One year of relevant date
  3. Three years of relevant date
  4. Two years of relevant date
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Correct answer: D. Two years of relevant date

Section 54(1) allows an application any time before two years from the relevant date expire.

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A consulate's refund claim under Section 54(2) is due within?

  1. Two years of invoice
  2. One year of year end
  3. Ninety days of payment
  4. Six months of quarter end
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Correct answer: D. Six months of quarter end

Section 54(2) fixes six months from the last day of the quarter in which the supply was received for such notified bodies.

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Who can claim refund under Section 54(2) like a consulate?

  1. A composition dealer
  2. A large goods exporter
  3. A UN specialised agency
  4. A state government office
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Correct answer: C. A UN specialised agency

Section 54(2) names specialised agencies of the United Nations, multilateral financial institutions, consulates and embassies.

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