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CA Inter GST: Payment of Tax — practice questions — page 2

Explore 41 free GST: Payment of Tax questions in CA Inter Taxation. Open each question or exercise to read its content, reference answers and available explanation.

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GST: Payment of Tax questions and exercises with answers

Showing questions 31–41 of 41.

Amount in default under section 51 is determined under which sections?Read the answer and worked solution →Who must collect tax at source under section 52?Read the answer and worked solution →TCS is charged on net value of taxable supplies, which means supplies less what?Read the answer and worked solution →Within how many days after month-end must the operator pay collected TCS?Read the answer and worked solution →The operator's annual TCS statement is due before which date after the year ends?Read the answer and worked solution →Who claims credit in the cash ledger of the amount an operator collected?Read the answer and worked solution →Rectification of a TCS statement is barred after the due date of which month?Read the answer and worked solution →Interest on a TCS mismatch added to a supplier's liability follows which provision?Read the answer and worked solution →The power to collect TCS operates without prejudice to what?Read the answer and worked solution →When central tax credit pays IGST, the Centre transfers the sum to which account?Read the answer and worked solution →Under section 53, CGST credit used for IGST dues makes central tax collected?Read the answer and worked solution →

Worked practice questions

Amount in default under section 51 is determined under which sections?

  1. Sections 54 or 55
  2. Sections 62 or 63
  3. Sections 83 or 84
  4. Sections 73 or 74
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Correct answer: D. Sections 73 or 74

Section 51(7) sends determination of the default to the demand and recovery procedure of sections 73 or 74.

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Who must collect tax at source under section 52?

  1. E-commerce operator
  2. Government department
  3. Local authority
  4. Goods transport agency
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Correct answer: A. E-commerce operator

Section 52 puts the collection duty on the electronic commerce operator for supplies made through it.

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TCS is charged on net value of taxable supplies, which means supplies less what?

  1. Exempt supplies
  2. Cess collected
  3. Supplies returned
  4. Unregistered sales
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Correct answer: C. Supplies returned

Net value is the aggregate of taxable supplies through the operator reduced by supplies returned in that month.

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More Taxation topics

GST Time, Value, Place of Supply and Input Tax CreditAggregation of Income, Set Off of Losses and DeductionsAdvance Tax, TDS and TCSProfits and Gains of Business or ProfessionIncome-tax Basic ConceptsSalariesResidence and Scope of Total IncomeIncome from House Property