Ch 17 (71 to 75) – Tax By KK MCQ

Welcome to your Ch 17:Registration (71 to 75)

71. The proper oﬀicer may cancel the registration of a person who has taken voluntary registration under Section 25(3) has not commenced business within .......................... from the date of registration.

a) 6 months

b) 12 months

c) 9 months

d) 5 months

72. What are the consequences of cancellation of registration?

a) Pay tax equivalent to ITC held in stock and inputs contained in semi ﬁnished or ﬁnished goods held in stock or output tax payable on such goods whichever is higher.

b) Pay tax on capital goods of an amount equal to ITC taken on the said capital goods reduced by 5% or tax on the transaction value of capital goods whichever is higher.

c) Both (a) and (b)

d) No need to pay tax

73. Examine the following statements as per Rule 21 of CGST Rules 2017. The registration is liable to be cancelled -

a) Where registered person do not conduct any business from the declared place of business.

b) Do not furnished bank details.

c)Violates the provision of section 171 relating to antiproﬁteering laws.

d) All of the above

74. Within how many days an application for revocation of cancellation of registration can be made?

a) Within 7 days from the date of service of the cancellation order.

b) Within 15 days from the date of issue of the cancellation order.

c) Within 30 days from the date of issue of the cancellation order.

d) Within 30 days from the date of service of the cancellation order.

75. Every registered taxable person shall display his certiﬁcate of registration in a prominent location at his principal and at every other place of business also GSTIN shall be displayed on the name board at the entry of such places.

a) No, certiﬁcate of registration to be displayed only at a registered place of business and GSTIN need not be displayed on the name board.

b) Yes, above statement is correct.

c) No, GSTIN to be displayed only on the invoices.

d) Above statement is correct subject to certiﬁcate of registration to be displayed only at registered place of business