Ch 19 (6 to 10) – Tax By KK MCQ

Welcome to your Ch 19: Time of supply of Services (6 to 10)

6. What would be the time of supply where composite supply involves supply of goods 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

7. What would be the time of supply in case of mixed supply?

a) The mixed supply, if involves supply of any service liable to tax at the higher rate than any goods covered therein, such mixed supply would qualify as supply of services and accordingly the provisions relating to time of supply of services would be applicable.

b) The mixed supply, if involves supply of any goods liable to tax at the higher rate than services covered therein, such mixed supply would qualify as supply of goods and accordingly the provisions relating to time of supply of goods would be applicable.

c) Either (a) or (b) as the case may be

d) None of the above

8. What would be the ‘due date of issuance of invoice / Bill of Supply’ in case of continuous supply of services with reference to the provisions relating to time of supply of services?

a) Where due date of payment is ascertainable from the contract: on or before the due date of payment.

b) Where due date of payment is not ascertainable from the contract: before or at the time hen the it receives the payment.

c) Where the payment is linked to the completion of an event: on or before the completion of that event.

d) Any of the above depending upon the contract.

9. How is the date of receipt of payment by the supplier determined?

a) Date on which the receipt of payment is entered in the books of account

b) Date on which the receipt of payment is credited in the bank account

c) Earlier of (a) or (b)

d) Later of (a) or (b)

10. What will be the time of supply, where tax is liable to be paid on services under reverse charge mechanism? a) Date of receipt of services by the recipient.

a) Date of receipt of services by the recipient.

b) Date on which the payment is entered in the books of accounts of the recipient or date on which payment is debited in the bank account of the recipient.

c) Date immediately following 60 days from the date of issue of invoice or any other document, by whatever name called, in lieu thereof by the supplier.

d) Earlier of (b) or (c)

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