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CA Final Refunds — practice questions — page 2

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 31–47 of 47.

Tax paid provisionally, then finalised. Relevant date?Read the answer and worked solution →A non-supplier claims refund. Relevant date?Read the answer and worked solution →Relevant date where no specific clause applies?Read the answer and worked solution →Which section lets the Government notify persons entitled to refund on inward supplies?Read the answer and worked solution →Under Section 55, who recommends agencies entitled to refund?Read the answer and worked solution →Section 55 UN agencies are notified under which Act?Read the answer and worked solution →Section 56 interest on delayed refund arises after how many days?Read the answer and worked solution →Ordinary Section 56 interest on delayed refunds is capped at?Read the answer and worked solution →Delayed refund from an order that attained finality. Interest cap?Read the answer and worked solution →Which fund does Section 57 of the CGST Act constitute?Read the answer and worked solution →What does Section 57(a) credit to the Welfare Fund?Read the answer and worked solution →Consumer Welfare Fund sums are used under Section 58(1) for?Read the answer and worked solution →Welfare Fund accounts form is prescribed after consulting?Read the answer and worked solution →Cash ledger balance refund may be claimed through?Read the answer and worked solution →Section 54(1) covers refund of tax and which other item?Read the answer and worked solution →Section 54(4) evidence must first establish what?Read the answer and worked solution →A provisional zero-rated refund under 54(6) is followed by?Read the answer and worked solution →

Worked practice questions

Tax paid provisionally, then finalised. Relevant date?

  1. Date of final adjustment
  2. Date of provisional payment
  3. Date of the first order
  4. Date of filing return
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Correct answer: A. Date of final adjustment

For provisional payment the relevant date is the date of adjustment of tax after the final assessment.

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A non-supplier claims refund. Relevant date?

  1. Supplier's invoice date
  2. Date of receiving supply
  3. Supplier's return date
  4. Date supplier pays tax
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Correct answer: B. Date of receiving supply

For a person other than the supplier, the relevant date is the date of receipt of the goods or services by that person.

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Relevant date where no specific clause applies?

  1. Date of the return
  2. Date of first notice
  3. Date of payment of tax
  4. Date of officer's order
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Correct answer: C. Date of payment of tax

The residuary clause makes the date of payment of tax the relevant date in any other case.

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