Components of Tax Invoice

Q. What is the full form of CVD?

1. Cooperation Value Duty
2. Customvailing Duty
3. Countervailing Duty
4. Custom value Duty

Q. Excise duty tax is levied on which of the following?

1. Import of goods
2. Export of goods
3. Production of goods
4. Sale of goods

Q. What is the full form of HSN in GST tax invoice?

1. High-end System of Nomenclature
2. Hawkeye System of Nomenclature
3. Harmonized System of Nomenclature
4. Hathaway System of Nomenclature

Q.

ASCII stands for?

Q. Which one of the followingn falls under low rated commodities as per the GST rates?

1. LPG cylinder
2. Fruits
3. Vegetables
4. Grains

Q.

what is presently the longest word in english ( not in medical terms )?

Q.

What are the taxes that never existed in India?

1. Excise Duty

2. Internet Tax

3. VAT

4. Basic Necessity Tax

Q. GSTIN contains which of the following ID of the firm?

1. PAN
2. Driving License
3. Aadhar
4. Voter ID

Q. Which one of the following tax is applied on the products and items transported to foreign countries?

1. Custom Duty
2. Excise Duty
3. Luxury Tax
4. Entertainment Tax

Q. Which amongst the following service falls under standard rated (II slab) as per GST rates?

1. Courier services
2. Railway, bus, and taxi services
3. Services related to construction
4. Health care services

Q. Services provided to people are classified under special codes. These codes are called.

1. SAC
2. HSN
3. PAN
4. VAT

Q. Which code is known as universal economic language ​for goods?

1. HSN
2. SAC
3. VAT
4. PAN

Q. How many approved stock exchanges are present in India?

1. $20$
2. $21$
3. $19$
4. $23$

Q. The following table shows the MRP of a few brands of motorcycles. If the GST charged on them is 18%, find the total price after GST of the motocycles.

$\begin{array}{cccccc}\text{Brand}& \text{Brand}& \text{Hero}& \text{Honda}& \text{Royal}& \text{TVS}\\ & \text{Pulsar}& \text{Xtreme}& \text{Unicorn}& \text{Enfield}& \text{Apache}\\ & & & & \text{Bullet}& \\ \text{MRP(in Rs)}& \text{95000}& \text{110000}& \text{90000}& \text{180000}& \text{120000}\\ \text{Discount \%}& \text{10}& \text{20}& \text{25}& \text{10}& \text{30}\end{array}$

Q. While paying tax on sale of goods (output), the term used for availing tax benefit paid at the time of purchase(input) of that product is:

1. State GST
2. Integrated GST
3. Central GST
4. Input Tax Credit

Q. The following table shows the MRP of a few brands of motorcycles. If the GST charged on them is 12%, find the combined price after GST of the motocycles.

$\begin{array}{cccccc}\text{Brand}& \text{Brand}& \text{Hero}& \text{Honda}& \text{Royal}& \text{TVS}\\ & \text{Pulsar}& \text{Xtreme}& \text{Unicorn}& \text{Enfield}& \text{Apache}\\ & & & & \text{Bullet}& \\ \text{MRP(in Rs)}& \text{95000}& \text{110000}& \text{90000}& \text{180000}& \text{120000}\\ \text{Discount \%}& \text{10}& \text{20}& \text{25}& \text{10}& \text{30}\end{array}$

Q. The following table shows the MRP of a few brands of motorcycles. If the GST charged on them is 12%, find the combined price after GST of the motocycles.

$\begin{array}{cccccc}\text{Brand}& \text{Brand}& \text{Hero}& \text{Honda}& \text{Royal}& \text{TVS}\\ & \text{Pulsar}& \text{Xtreme}& \text{Unicorn}& \text{Enfield}& \text{Apache}\\ & & & & \text{Bullet}& \\ \text{MRP(in Rs)}& \text{95000}& \text{110000}& \text{90000}& \text{180000}& \text{120000}\\ \text{Discount \%}& \text{10}& \text{20}& \text{25}& \text{10}& \text{30}\end{array}$

1. ₹554640
2. ₹545440
3. ₹544540
4. ₹565450

Q. HSN code is used as universal economic language for the services.​

1. True
2. False

Q. GSTIN (Goods and Service Tax Identification Number) is dealer's identification number.

1. True
2. False

Q. GSTIN(Goods and Service Tax Identification Number) contains Aadhar ID of the firm.

1. True
2. False