Ch 23 (11 to 15) – Tax By KK MCQ

Welcome to your Ch 23: Return (11 to 15)

11. Which of the following are not required to file the Annual Return?

a) Input Service Distributor

b) Casual Taxable Person

c) Non-resident Taxpayer

d) All of the above

12. The due date for furnishing the annual return for every financial year by every registered taxable person other than ISD, non-resident tax payer, a person paying tax under section 10, 51 or 52 and a casual taxable person is —

a) 30th of September following the end of the financial year

b) 20th of October following the end of the financial year

c) 31st of December following the end of the financial year

d) 30th June following the end of the financial year

13. Every registered taxable person shall furnish electronically —

a) Annual return

b) Audited copy of annual accounts

c) Reconciliation statement reconciling the value of supplies declared in the return and the financial statement

d) All of the above

14. The final return shall be filed by the registered taxable person within—

a) 3 months of the date of cancellation

b) Date of order of cancellation

c) Later of the (a) or (b)

d) None of the above

15. Any registered person who fails to furnish the return required under section 44 of the CGST Act by the due date shall be liable to pay?

a) a late fee of ₹ 100 for every day during which such failure continues subject to a maximum of an amount calculated at 0.25% of his turnover in the State or Union territory.

b) a late fee of ₹ 200 for every day during which such failure continues subject to a maximum of an amount calculated at 0.25% of his turnover in the State or Union territory.

c) a late fee of ₹ 100 for every day during which such failure continues subject to a maximum of an amount calculated at 0.5% of his turnover in the State or Union territory.

d) a late fee of ₹ 200 for every day during which such failure continues subject to a maximum of an amount calculated at 0.5% of his turnover in the State or Union territory.