MCQ :- Students , let’s

try to solve it 5. Payment of tax, interest or penalty for each month 9. What is the due date for payment of tax?
SECTION 49, 49A, 49B & Rule 88A shall be made by debiting ___________on or before a. Last day of the month tp which payment relates
1. Which of the following registers / the due date of filing return. b. Within 10 days of the subsequent month
ledgers are maintained at the GST Portal? a. Electronic Cash Ledger c. Within 20 days of the subsequent month
a. Electronic liability ledger b. Electronic Credit Ledger d. Within 15 days of the subsequent month
b. Electronic cash ledger c. Electronic Liability Ledger Ans:-
c. Electronic credit ledger d. Both (a) and (b) 10. ITC of CGST can be utilised 1st against the output
d. All of the above Ans:- tax liability of CGST as per rule 88A, even though
Ans:- 6. Which of the following statement is correct? the balance of IGST remains un-utilised. State true
2. Payment of tax made electronically is reflected in, a. Payment of GST can be done by Cash or false
a. Electronic cash ledger b. Payment of GST can be done by Cheque a. True
b. Electronic credit ledger c. Payment of GST Can be done by Internet banking b. False
c. Electronic liability ledger d. Payment of GST can be done within 24 hours of Ans:-
d. All of the above filing of Monthly / Quarterly return 11. The priority for utilisation of input tax credit as per
Ans:- Ans:- the amended sec 49A, 49B read with rule 88A will
3. Payment made through challan will be credited to 7. Every taxable person shall discharge his tax and other be given to :
which registers / ledgers? dues under this Act in the following order, a. IGST in all cases
a. Electronic Tax liability register 1. Dues related to returns of previous tax periods; b. CGST in all cases
b. Electronic Credit Ledger 2. Due related to the return of the current tax period c. SGST /UTGST in all cases
c. Electronic cash ledger 3. Demand u/s 73 or 74 d. Any of the above
d. All of the above Which is the proper order to discharge the above Ans:-
Ans:- liabilities? 12. What should the taxable person do if he pay’s tax
4. While making purchases the dealer has to pay GST a. 3, 2, 1 under wrong GSTIN?
which is available as credit at the time of making (a) Pay again under right GSTIN and claim refund
b. 3, 1, 2
payment towards outward supply. Such credit is (b) Auto-adjustment
c. 1, 2, 3
reflected on GST portal in:- (c) Adjustment on application/request
d. 1, 3, 2
a. Electronic Cash ledger
Ans:- (d) Raise ISD invoice and transfer
b. Electronic liability ledger 8. Can SGST paid in one State be utilized for payment of Ans.
c. Electronic Credit ledger SGST in another state? 13. M/s. Kuber Anand is registered under GST. He has
d. All of the above a. Yes output tax liability as under-
Ans:- b. No CGST: Rs. 85,00,000
c. May be SGST: Rs. 85,00,000
d. It does not matter IGST: Rs. 1,05,00,000
Ans:-

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CA VISHAL BHATTAD 09850850800 CA Final GST Questioner - 1
 It has input tax credits as under- Rule 87: Tax Payment Challan & Ele. Cash Ledger:- c. Electronic Cash Ledger
CGST: Rs. 1,50,00,000 including credit of Rs. 75,00,000 15. The major heads in the electronic cash ledger, d. Whichever has the higher balance of above
carried forward from TRAN-1 electronic liability register and challan for deposit of Ans:-
SGST: Rs. 30,00,000 tax are :- 19. A Company has head office in Bangalore and 4
IGST: Rs. 1,20,00,000 a. IGST, CGST, SGST, UTGST & GST Compensation branches in different states, all registered under
Calculate the amount of tax to be deposited in cash? Cess GST and one ISD registered unit in Delhi. How many
a. CGST: Nil; SGST: Rs. 55,00,000; IGST: Nil b. Tax, Interest, Penalty, Fee, others and total electronic cash ledgers will the company have?
b. CGST: Rs. 10,00,000; SGST: Rs. 55,00,000; IGST: c. Total – cash, liability a. 1
Nil d. All of the above b. 4
c. CGST: Nil; SGST: Rs. 50,00,000; IGST: Nil Ans:-
c. 5
d. CGST: Nil; SGST: Rs. 40,00,000; IGST: Nil 16. In each major heads in the electronic cash ledger, d. 6
Ans:- electronic liability register and challan for deposit of Ans:-
14. M/s ABC Ltd is filing his GSTR-3B for the month of tax, the minor heads are:- 20. What is the validity of challan in FORM GST PMT-
August 2018. His total credit balance of inputs and a. CGST, SGST, UTGST & GST Compensation Cess 06?
total tax liability payable is given in the table b. Tax, Interest, Penalty, Fee, others and total a. 1 day
below. He needs your guidance to understand the c. Total – Cash , liability
b. 5 days
utilization of credit. Guide him with the rules d. All of the above
c. 15 days
towards credit utilization of IGST, CGST, SGST and Ans:-
d. perpetual validity
cash payable towards tax liability. 17. What is deemed to be the date of deposit in the Ans:-
Tax Total Credit Balance Total Tax liability payable electronic cash ledger?
IGST 80,000 90,000 a. Date on which amount gets debited in the account of Other Aspects Relating to Challan:-
the taxable person 21. What is the full form of CPIN?
CGST 87,000 85,000
b. Date on which payment is initiated and approved by a. Challan Identification Number
SGST 75,000 77,000
the taxable person b. Common Portal Identification Number
TOTAL 2,42,000 2,52,000
c. Date of credit to the account of the appropriate c. Challan Pin Identification Number
a. IGST payable – 10,000, CGST Payable – 0, SGST
Government d. Common Pin Identification Number
payable – 2,000
d. Earliest of the above three dates Ans:-
b. IGST payable – 8,000, CGST Payable – 0, SGST
payable – 2,000 Ans:- 22.Which of the following registers / ledgers are
c. IGST payable – 0, CGST Payable – 2000, SGST 18. Where a person has claimed refund of any amount maintained at the GST Portal?
payable – 2,000 from the electronic cash ledger, the said amount shall a. Electronic liability ledger
d. IGST payable – 10,000, CGST Payable – 1,000, SGST be debited to the _______________ . b. Electronic cash ledger
payable – 1,000 a. Electronic Credit Ledger c. Electronic credit ledger
Ans:- b. Electronic Liability Ledger d. All of the above
Ans:
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 23. What is the full form of BRN? Rule 86: Electronic Credit Ledger:- Rule 85: Electronic Liability Register:-
a. Bank Reconciliation Number 27. Electronic credit ledger is maintained in Form 31. The electronic liability register of the person shall be
b. Bank Reconciliation Notification _________ debited by,
c. Bank Reference Notification a. GST PMT – 1 a. The amount payable towards tax, interest, late fee,
d. Bank Reference Number b. GST PMT – 2 etc. as per the return furnished
Ans: c. GST PMT – 3 b. The amount of tax, interest, penalty, etc. as
24. What is E – FPB? d. GST PMT – 4 determined by a proper officer in pursuance of any
a. Authorized branches of banks to collect payment of Ans:- proceedings
GST 28. Credit available in Electronic Credit Ledger can be c. Any amount of interest that may accrue from time
b. Prescribed banks to distribute GST forms used for payment of:- to time
c. Prescribed banks for GST workshops a. Output Tax d. All of the above
d. All of the above b. Output Tax and Interest Ans:-
Ans: c. Output Tax, Interest and Penalty 32. What gets debited to the electronic credit ledger?
25. Any payment required to be made by a person who is d. Output Tax and Tax under reverse charge a. Matched input tax credit
not registered under the Act, shall be made on the basis Ans:- b. Provisionally input tax credit
of a _______________ . 29. Balance in electronic credit ledger under SGST can c. Unmatched input tax credit
a. Temporary Identification Number be used against which liability? d. All of them
b. Transaction Reference Number a. SGST Liability only Ans:-
c. Challan Identification Number b. SGST and IGST liability 33. Balance in electronic credit ledger under IGST can be
d. Bank Reference Number c. SGST, IGST and CGST liability used against which liability?
Ans: d. None of them a. IGST Liability only
26. Taxable person made an online payment of tax due Ans:- b. IGST and CGST liability
to technical snag CIN was not generated but my bank 30. Input tax credit of CGST can be utilised for the c. IGST, CGST and SGST liability
account is debited. what should he do? following? d. None of them
a. wait for 24 hours for re-credit a. For the payment of penalties Ans:-
b. Approch bank b. For the payment of interest
c. File application with department c. For payment of IGST Sec 50 : Interest on Delayed Payment of Tax :-
d. File return without challan d. For payment of SGST 34. The interest rate on GST, if not specified anywhere,
Ans:- Ans:- shall be treated as ______________ and not as
__________
a. Simple rate, compound rate
b. Compound rate, simple rate

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CA VISHAL BHATTAD 09850850800 CA Final GST Questioner - 1
 c. Compound rate, 18% 39. Mr. A was liable to pay GST of Rs.10,000 on shall be liable to pay interest at the rate of 18%
d. 18%, 24% 20.7.2018 but he failed to pay. Later he decided to per annum.
Ans:- pay tax on 25.09.2018. What would be the amount a. (I)
35. A taxable person failed to pay tax and / or file of interest that has to be paid by him? b. (I), (ii), (iii)
returns on time. He should pay interest on? a. Rs. 325 c. All of the above
a. Gross tax payable b. Rs. 330 d. None of the above
b. Gross tax payable and input credit claimed c. Rs. 434 Ans:-
c. Net tax payable i.e. amount to be paid after ITC set d. Rs. 441 42. A taxable person has made following supplies in Jan
off Ans: 2018
d. No interest payable, if reasonable cause is shown 40. From which date interest is liable in case of excess Sales within State - ` 2,00,000
Ans:- input tax credit claimed? Export out of India - ` 60,000
36. What is the rate of interest in case of belated a. From the late date of the month in which credit is Supplies to SEZ located within the state -` 40,000
payment of tax? claimed He does not intend to clear goods under LUT or bond.
a. 1% b. From the due date for filing GSTR-02 of the month The input tax credit available to him during Jan 2018
b. 10% in which credit is claimed - IGST - Nil, CGST - ` 10,000, SGST - ` 10,000.
c. 18% c. From the due date for filing GSTR-03 of the month There is no opening balance in Ele. Cash Ledger or
d. 24% in which credit is claimed Ele. Credit Ledger. Tax rates are - SGST - 9%, CGST
Ans:- d. From the date of utilization of credit - 9%, IGST - 18 %. How much amount is payable by
37. What is the rate of interest in case of undue or Ans:- him in Cash? (CA Final MTP Apr 19 )
excess claim of ITC? 41. State which of the following statements are not a. CGST - `8000, SGST - Nil
a. 18% true? b. CGST - `11,600, SGST - `1,600
b. 24% (I) A taxpayer who makes delayed payment of tax is c. CGST - `8000, SGST - Nil, IGST- `5,200
c. 30% liable to pay interest at the rate of 18% for a d. CGST - `8000, SGST - Nil, IGST- `16,000
d. 40% month or part of the month. Ans:-
Ans:- (ii) A taxpayer who makes delayed payment of tax is
38. Mr. A was liable to pay GST of Rs.10,000 on 20.8.2018 liable to pay interest at the rate of 15% for a
but he failed to pay. Later he decided to pay tax on month or part of the month, if he has bona fide
26.10.2018. what would be the period for which reasons for delay.
interest has to be paid by him? (iii) A taxpayer who made delayed payment of tax
a. 66 days shall be liable to pay interest at the rate of 24%
b. 67 days for a month or part of the month, if he has mala
c. 68 days fide reasons for delay.
d. 70 days (iv) A taxpayer who made delayed payment of tax
Ans:-
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 Answers:-

01 d 15 a 29 b
02 a 16 b 30 c

03 c c 31 d
17

04 c 18 c 32 d
d 19 c 33 c
05

06 c 20 c 34 a
07 c 21 b 35 a
08 b 22 a 36 c

09 c 23 c 37 b
10 b 24 a 38 b
11 a 25 a 39 b
12 a 26 c 40 c
13 d 27 b 41 b

14 b 28 a 42 d

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