Ch 18 (1 to 5) – Tax By KK MCQ

Welcome to your Ch 18: Time of supply of Goods (1 to 5)

1. How are the provisions relating to ‘time of supply’ relevant under the GST Law?

a) It ascertains the time to deposit the taxes with the Govt.

b) Ascertains the time when value of goods or services shall be ascertained.

c) Ascertains the rates of taxes.

d) All of the above

2. What will be the time of supply of goods, in case of regular registered person, in case of forward charge, w.e.f 15-11-2017?

a) Date of issue of invoice.

b) Due date of issue of invoice.

c) Date of issue of invoice or due date of issue of invoice whichever date is earlier.

d) Date of receipt of payment.

3. What will be the time of supply of goods, composition person, in case of forward charge?

a) Date of issue of invoice

b) Due date of issue of invoice

c) Date of receipt of payment

d) Date of issue of invoice or due date of issue of invoice or date of receipt of payment whichever date is earlier

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

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 when the it receives the payment

c) Where the payment is linked to the completion of an an event: on or before the completion of that event d) Any of the above depending upon the contract.

d) Any of the above depending upon the contract.

5. What would be the ‘due date of issuance of invoice / Bill of Supply’ in case of goods sent for approval with reference to the provisions relating to time of supply of goods?

a) Before or at the time of removal of goods

b) Before or at the time of supply of goods

c) Before 6 months from the date of removal

d) Before or at the time of supply or 6 months from the date of removal, whichever is earlier