Q1. Tax invoice must be issued by________ *

·       Registered persons not paying tax under composition scheme

Q2. Law permits collection of tax on supplies effected prior to registration, but after applying for registration: 

·       Yes, on all supplies, if the revised invoice is raised within one month

Q3. A bill of supply can be issued in case of inter-State and intra-State:

·       Exempted supplies

Q4. An invoice must be issued:

·       At the time of removal of goods

Q5. An acknowledgement must be given on receipt of advance payment in respect of supply of goods or services:

·       Yes, as a receipt voucher

Q6. A continuous supply of goods requires one of the following as a must:

·       Supplier invoices the recipient on a regular or periodic basis

Q7. The recipient must issue an invoice in the following cases: 

·       The supplier is unregistered

Q8. A payment voucher need not be raised if the supplier is an unregistered person.

·       False, payment voucher should be issued in addition to raising an invoice for the inward supply

Q9. The time limit for issue of tax invoice in case of continuous supply of goods

·       At the time of issue of statement of account where successive accounts are involved

Q10. In case of goods sent on sale on approval basis, invoice has to be issued:

·       When the recipient accepts the goods or six months from the date of removal whichever is earlier

Q11. If Supply of Services has ceased under a contract before the completion of supply

·       Invoice has to be issued at the time of cessation to the extent of the supply effected

Q12. The tax invoice should be issued _______the date of supply of service:

·       Within 30 days from

Q13. A person who has applied for registration can:

·       Issue ‘revised invoice’ and collect tax within 1 month of date of issuance of certificate of registration, subject to conditions

Q14. The name of the State of recipient along with State code is required on the invoice where:

·       Supplies are made to unregistered persons where the value of supply is ` 50,000 or more

Q15. A credit note is issued by ________ and it is a document accepted for GST purposes:

·       Supplier, for reducing the tax/ taxable value

Q16. For an increase in the tax/ taxable value, a debit note for GST purposes:

·       Should be issued by the supplier

Q17. The last date for declaring the details of a Credit Note issued on 25-Jun-2018 for a supply made on 19-Sep-2017 is:

·       20-Oct-2018 – Due Date of Filing of September Return

Q18. The receipt voucher must contain:

·       Details of goods or services

Q 19 A tax invoice should be:

·       In any format, as long as it contains the minimum prescribed requirements

Q 20 A Debit note/credit note can be issued by ......under GST 

·       Debit note by Supplier and Credit note by receiver