Ch 22 (11 to 15) – Tax By KK MCQ

Welcome to your Ch 22: Tax Invoice / CN / DN (11 to 15)

11. Where the goods being sent or taken on approval for sale or return are removed before the supply takes place, the invoice shall be issued —

a) before or at the time of supply

b) 6 months from the date of removal

c) before or at the time of supply, or within 6 months from the date of removal, whichever is earlier.

d) before or at the time of supply, or within 6 months from the date of removal, whichever is later.

12. XON Ltd., Delhi, entered into a contract with LOK Entrepreneurs, Delhi, for supply of spare parts of a machine on 7th September. The spare parts were to be delivered on 30th September. XON Ltd. removed the finished spare parts from its factory on 29th September. Determine the date by which invoice must be issued by XON Ltd. under GST law.

a) On or before 7th September

b) On or before 29th Septembe

c) On or before 30th September

d) On or before 29th October

13. A bill of supply can be issued in case of inter-State and intra- State :

a) Exempted supplies

b) Supplies by composition suppliers

c) Either (a) or (b)

d) Both (a) and (b)

14. An invoice for supply of goods must be issued:

a) Before or at the time of removal of goods

b) After removal of goods

c) On receipt of payment for the supply

d) Earliest of the above dates.

15.Where a tax invoice has been issued for supply of any goods or services or both and the taxable value or tax charged in that tax invoice is found to exceed the taxable value or tax payable in respect of such supply, the registered person, who has supplied such goods or services or both, may issue to the recipient a ................. containing such particulars as may be prescribed.

a) Credit note

b) Debit note

c) Receipt voucher

d) Payment voucher