Ch 21 (21 to 25) – Tax By KK MCQ

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Ch 1: Constitutional aspects of GST
- 1-5
- 6-10
- 11-15
Ch 2: Adjustment of credit
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Ch 3: Meaning of Goods and Services
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Ch 4: Schedule II, Composite supply and Mixed supply
- 1-5
Ch 5: Definition of Person
- 1-5
- 6-10
Ch 6: Definition of Business
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- 6-10
Ch 7: Consideration
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Ch 8: Scope of Supply
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- 11-15
Ch 9: Schedule I
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Ch 10: No Supply
- 1-5
- 6-10
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Ch 11: Levy and Collection
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Ch 12: Aggregator – 9(5)
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Ch 13: Reverse Charge on Services- 9(3)
- 1-5
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Ch 14: Reverse Charge on Goods – 9(3)
- 1-5
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Ch 15: Aggregate Turnover
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Ch 16: Composition Levy
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Ch 17: Registration
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- 46-50
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Ch 18: Time of supply of Goods
- 1-5
- 6 -10
- 11-15
Ch 19: Time of supply of Services
- 1-5
- 6-10
- 11-15
- 16-20
- 21-25
Ch 20: Value of Supply
- 1-5
- 6-10
- 11-10
- 16-20
Ch 21: Input Tax Credit
- 1-5
- 6-10
- 11-15
- 16-20
- 21-25
- 26-30
- 31-35
- 36-40
- 41-45
- 46-50
- 51-55
- 56-60
- 61-65
- 66-70
Ch 22: Tax Invoice / CN / DN
- 1-5
- 6-10
- 11-15
- 16-20
- 21-25
- 26-30
- 31-35
- 36-40
- 41-42
Ch 23: Return
- 1-5
- 6-10
- 11-15
- 16-20
Ch 24: Payment of Tax
- 1-5
- 6-10
- 11-15
Ch 25: Exemption from supply of services
- 1-5
- 6-10
- 11-15
- 16-20
- 21-25
- 26-30
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- 36-40
- 41-45
- 46-50
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Ch 26: E-Way Bill
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- 6-10
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- 21-25
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Ch 27: Schedule II
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Ch 28: Valuation Rules
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Ch 29: Job Work Procedure
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- 6-10
- 11-15
- 16-20
Ch 30: Examine the following statements
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- 6-10
- 11-15
- 16-20
Ch 31: TDS and TCS
- 1-5
- 6-10
Ch 32: GST Practitioner
- 1-5
- 6-10

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Welcome to your Ch 21: Input Tax Credit (21 to 25)

21. A supplier takes deduction of depreciation on the GST component of the cost of capital goods as per Incometax Act, 1961 The supplier can -

a) avail only 50% of the said tax component as ITC

b) not avail ITC on the said tax component

c) avail 100% ITC of the said tax component

d) avail only 25% of the said tax component as ITC

22. Where any person claims that he is eligible for input tax credit under this Act, the burden of proving such claim shall lie

a) On the department

b) On department as well as such person equally

c) On such person

d) No one

23. In which of the following situations, taxpayer needs to reverse the credit already taken?

a) If payment is not made to the supplier within 45 days from the date of invoice

b) If payment is not made to the supplier within 90 days from the date of invoice

c) If payment is not made to the supplier within 180 days from the date of invoice

d) None of the above

24. What is the time limit for taking ITC?

a) 180 days from the date of invoice

b) 1 year from the date of Invoice.

c) In September return of the next financial year or the date of filing annual return whichever is earlier

d) No limit

25. Input tax credit in respect of Motor vehicles, vessels or aircrafts shall be available when they are used for making taxable supplies of .............................

a) for further supply

b) transportation of passengers

c) imparting training on driving, flying, navigating such vehicles, vessels or aircrafts

d) All of the above

Time's up

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