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GST Reverse Charge Mechanism

This quiz will test your knowledge on the GST Reverse Charge Mechanism.

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

What is the GST Reverse Charge Mechanism?

  1. A mechanism under which the recipient of the goods or services is liable to pay GST instead of the supplier.
  2. A mechanism under which the supplier of the goods or services is liable to pay GST instead of the recipient.
  3. A mechanism under which both the supplier and the recipient of the goods or services are liable to pay GST.
  4. None of the above.
Question 2 Multiple Choice (Single Answer)

In which cases is the GST Reverse Charge Mechanism applicable?

  1. When the supplier is not registered under GST.
  2. When the recipient is registered under GST.
  3. When both the supplier and the recipient are registered under GST.
  4. None of the above.
Question 3 Multiple Choice (Single Answer)

What are the documents required to claim input tax credit under the GST Reverse Charge Mechanism?

  1. Invoice from the supplier.
  2. Payment challan.
  3. GST registration certificate of the recipient.
  4. All of the above.
Question 4 Multiple Choice (Single Answer)

What is the time limit for claiming input tax credit under the GST Reverse Charge Mechanism?

  1. One month from the date of receipt of the goods or services.
  2. Two months from the date of receipt of the goods or services.
  3. Three months from the date of receipt of the goods or services.
  4. None of the above.
Question 5 Multiple Choice (Single Answer)

What are the consequences of not paying GST under the GST Reverse Charge Mechanism?

  1. Penalty.
  2. Interest.
  3. Both penalty and interest.
  4. None of the above.
Question 6 Multiple Choice (Single Answer)

Which of the following is not a benefit of the GST Reverse Charge Mechanism?

  1. It prevents tax evasion.
  2. It ensures that the government receives its due GST revenue.
  3. It reduces the compliance burden on businesses.
  4. It increases the cost of doing business.
Question 7 Multiple Choice (Single Answer)

Which of the following is not a sector where the GST Reverse Charge Mechanism is applicable?

  1. Construction.
  2. Works contract.
  3. Services provided by a lawyer.
  4. Services provided by a doctor.
Question 8 Multiple Choice (Single Answer)

What is the rate of GST applicable under the GST Reverse Charge Mechanism?

  1. The same rate as applicable to the supply of goods or services.
  2. The rate of GST applicable to the recipient of the goods or services.
  3. The rate of GST applicable to the supplier of the goods or services.
  4. None of the above.
Question 9 Multiple Choice (Single Answer)

Can a recipient claim input tax credit under the GST Reverse Charge Mechanism even if the supplier has not paid GST?

  1. Yes.
  2. No.
  3. It depends on the case.
  4. None of the above.
Question 10 Multiple Choice (Single Answer)

What is the due date for filing GSTR-1 under the GST Reverse Charge Mechanism?

  1. The 11th of the month following the month in which the goods or services were received.
  2. The 15th of the month following the month in which the goods or services were received.
  3. The 20th of the month following the month in which the goods or services were received.
  4. The 25th of the month following the month in which the goods or services were received.
Question 11 Multiple Choice (Single Answer)

What is the due date for filing GSTR-3B under the GST Reverse Charge Mechanism?

  1. The 20th of the month following the month in which the goods or services were received.
  2. The 25th of the month following the month in which the goods or services were received.
  3. The 30th of the month following the month in which the goods or services were received.
  4. The 5th of the month following the month in which the goods or services were received.
Question 12 Multiple Choice (Single Answer)

What is the penalty for late filing of GSTR-1 under the GST Reverse Charge Mechanism?

  1. Rs. 100 per day.
  2. Rs. 200 per day.
  3. Rs. 300 per day.
  4. Rs. 400 per day.
Question 13 Multiple Choice (Single Answer)

What is the penalty for late filing of GSTR-3B under the GST Reverse Charge Mechanism?

  1. Rs. 200 per day.
  2. Rs. 300 per day.
  3. Rs. 400 per day.
  4. Rs. 500 per day.
Question 14 Multiple Choice (Single Answer)

What is the interest rate applicable on late payment of GST under the GST Reverse Charge Mechanism?

  1. 18% per annum.
  2. 24% per annum.
  3. 30% per annum.
  4. 36% per annum.
Question 15 Multiple Choice (Single Answer)

What is the maximum penalty that can be imposed for late payment of GST under the GST Reverse Charge Mechanism?

  1. 100% of the tax liability.
  2. 150% of the tax liability.
  3. 200% of the tax liability.
  4. 250% of the tax liability.
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