Ch 18 (6 to 10 ) – Tax By KK MCQ

Welcome to your Ch 18: Time of supply of Goods (6 to 10)

6. What will be the time of supply, where tax is liable to be paid on goods under reverse charge mechanism?

a) Date of receipt of goods 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 30 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 (a) or (b) or (c)

7. Time of supply of vouchers in respect of goods when the supply with respect to the voucher is identiﬁable is .......................

a) Date of issue of voucher

b) Date of redemption of voucher

c) Date of issue of voucher or date of redemption of voucher whichever is earlier

d) Date of issue of voucher or date of redemption of voucher whichever is later

8. Time of supply of vouchers in respect of goods when the supply with respect to the voucher is not identiﬁable is ....................

a) Date of issue of voucher

b) Date of redemption of voucher

c) Date of issue of voucher or date of redemption of voucher whichever is earlier

d) Date of issue of voucher or date of redemption of voucher whichever is later

9. 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) 06-10 (₹ 70,000)

b) 06-10 (₹ 1,00,000)

c) 07-10 (₹ 1,00,000)

d) 20-11 (₹ 70,000)

10. Determine the time of supply of goods, in case of regular registered person from the following events-

a) 06-01-2018 (₹ 1,00,000)

b) 05-01-2018 (₹ 1,00,000)

c) 25-12-2017 (₹ 20,000)

d) 25-12-2017 (₹ 1,00,000)