1. What is the due date for payment of tax for a normal taxpayer?
2. Interest is payable on
3. Which input tax credit cannot be claimed against which output tax liability?
4. Which of these electronic ledgers are maintained on common portal?
5. The input tax credit as self-assessed in the return of a registered person shall be credited to
6. The electronic cash ledger shall be maintained in Form
7. Payment of output GST can be done by debiting
8. Input tax credit on account of IGST available in the electronic credit ledger shall be utilized for tax payment
9. Input tax credit on account of CGST available in the electronic credit ledger shall be utilized for tax payment
10. ITC on account of SGST available in the electronic credit ledger shall be utilized for tax payment
11. Interest on delayed payment of tax is payable at such rate as may be notified by the Government on the recommendations of the Council but not exceeding
12. A taxable person who wrongly avails & utilizes input tax credit, shall pay interest on such undue or excess claim at such rate as may be notified by the Government on the recommendations of the Council but not exceeding
13. The rate of interest presently notified is
14. Deposits towards tax, penalty, interest, fee or any other amount via internet banking, RTGS, NEFT, etc are credited into the _________ of a taxable person.
15. Which of the following shall be discharged first, while discharging liability of a taxable person?
16. The electronic credit ledger is maintained in Form
17. Over the counter payment can be made in branches of authorized banks (for deposits upto ________ per challan per tax period, by cash, cheque, or demand draft) to accept deposit of GST
18. Balance in electronic credit ledger can be utilized against payment of
19. During the month of May, Z Ltd sold goods to Y Ltd for ₹2,55,000 and charged GST @ 18%. However, owing to some defect in the goods, Y Ltd returned the goods by issuing debit note of ₹40,000 in the same month. Z Ltd records the return of goods by issuing a credit note of ₹40,000 plus GST in the same month. In this situation, GST liability of Z Ltd for May will be:
