Ch 19 (1 to 5) – Tax By KK MCQ

Welcome to your Ch 19: Time of supply of Services (1 to 5)

1. How to ascertain time of supply of service if invoice is issued within 30 days from the date of supply of service?

a) Date of issue of invoice by the supplier

b) Date when the payment entry in relation to supply of services is recorded in books of accounts of the supplier

c) Date on which the payment is credited to supplier’s bank account.

d) Earlier of (a) or (b) or (c)

2. How to ascertain time of supply of service if the invoice is not issued within 30 days from the date of supply of service?

a) Date of provision of service

b) Date when the payment entry in relation to supply of services is recorded in books of accounts of the supplier

c) Date on which the payment is credited to supplier’s bank account.

d) Earlier of (a) or (b) or (c)

3. What would be the ‘due date of issuance of invoice / Bill of Supply’ in case of supply of service?

a) It can issue tax invoice / Bill of supply on or before the completion of service.

b) It can issue tax invoice / Bill of supply any time after the completion of service.

c) It shall issue tax invoice / Bill of supply on or before the completion of service or within 30 days of the completion of service.

d) It shall issue tax invoice / Bill of supply on or before the completion of service or within 60 days of the completion of service.

4. What would be the ‘due date of issuance of invoice in case of supply of service by Insurer, Banking Company, Financial Institution including NBFC’s?

a) It can issue tax invoice on or before the completion of service.

b) It can issue tax invoice any time after the completion of service.

c) It shall issue tax invoicey on or before the completion of service or within 60 days of the completion of service.

d) It shall issue tax invoice on or before the completion of service or within 45 days of the completion of service.

5. What would be the time of supply where composite supply involves supply of services as principal supply?

a) The provisions relating to time of supply of services are applicable.

b) The same provisions relating to time of supply of goods are applicable.

c) Either (a) or (b) as per the choice of the registered person.

d) None of the above