Input tax credit under GST (Compensation to States) Act, 2017 includes GST Compensation Cess charged on any supply of

Related MCQs

• Input tax credit on compensation cess paid under GST (Compensation to States) Act, 2017.
• Input tax credit on Compensation cess paid under GST (Compensation to States) Act, 2017 is available for payment of
• Compensation to states under GST (Compensation to States) Act, 2017 is paid by
• . Which of the following forms part of transaction value? 1) GST compensation cess 2) Payments made to third parties by the recipient on behalf of the supplier in relation to the supply 3) Entertainment tax levied by local authority 4) Commission paid to an agent and recovered from the recipient 5) Inspection charges at recipient’s site 6) Charges for delay in payment waived off by supplier State the correct answer from the options given below
• While computing compensation to states, tax revenue of this tax/ these taxes is excluded
• . Which input tax credit cannot be claimed against which output tax liability?
• . What is time of supply of goods, in case of supplier opting for composition levy under Section 10 of the CGST Act, 2017?
• . Who is authorised to conduct audit under section 35(5) of the CGST Act, 2017? 1. Chartered accountant 2. Any person having master degree in finance of recognised university 3. Cost accountant 4. Company secretary Select the correct answers from the options given below
• A __________ supply comprising of two or more supplies shall be treated as the supply of that particular supply that attracts highest rate of tax.
• Can the taxable person under composition scheme avail the input tax credit?