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GST Input Services Distributor

This quiz is designed to test your knowledge on the topic of GST Input Services Distributor.

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

What is the full form of ISD in the context of GST?

  1. Input Service Distributor
  2. Integrated Service Distributor
  3. Inter-State Service Distributor
  4. Intra-State Service Distributor
Question 2 Multiple Choice (Single Answer)

What is the primary role of an ISD under GST?

  1. To distribute input services to registered businesses
  2. To collect GST on behalf of the government
  3. To issue GST invoices to customers
  4. To file GST returns
Question 3 Multiple Choice (Single Answer)

Who can be an ISD under GST?

  1. Any registered person
  2. Only companies
  3. Only individuals
  4. Only government entities
Question 4 Multiple Choice (Single Answer)

What are the conditions for becoming an ISD under GST?

  1. Must have a GST registration
  2. Must have a minimum turnover of Rs. 50 lakhs
  3. Must have a physical presence in India
  4. All of the above
Question 5 Multiple Choice (Single Answer)

What are the benefits of being an ISD under GST?

  1. Can charge a commission on the value of input services distributed
  2. Can avail input tax credit on the input services distributed
  3. Can issue GST invoices on behalf of suppliers
  4. All of the above
Question 6 Multiple Choice (Single Answer)

What are the responsibilities of an ISD under GST?

  1. To maintain records of input services distributed
  2. To file GST returns on a regular basis
  3. To pay GST on the commission earned
  4. All of the above
Question 7 Multiple Choice (Single Answer)

What is the due date for filing GSTR-6 by an ISD?

  1. 13th of the month following the month in which the services are distributed
  2. 20th of the month following the month in which the services are distributed
  3. 25th of the month following the month in which the services are distributed
  4. 30th of the month following the month in which the services are distributed
Question 8 Multiple Choice (Single Answer)

What is the penalty for late filing of GSTR-6 by an ISD?

  1. Late fee of Rs. 100 per day
  2. Late fee of Rs. 200 per day
  3. Late fee of Rs. 500 per day
  4. Late fee of Rs. 1,000 per day
Question 9 Multiple Choice (Single Answer)

Can an ISD distribute input services to unregistered businesses?

  1. Yes
  2. No
Question 10 Multiple Choice (Single Answer)

What is the maximum commission that an ISD can charge on the value of input services distributed?

  1. 1%
  2. 2%
  3. 3%
  4. 5%
Question 11 Multiple Choice (Single Answer)

Can an ISD issue GST invoices on behalf of suppliers who are not registered under GST?

  1. Yes
  2. No
Question 12 Multiple Choice (Single Answer)

What is the validity period of an ISD registration?

  1. 1 year
  2. 2 years
  3. 3 years
  4. 5 years
Question 13 Multiple Choice (Single Answer)

Can an ISD surrender its registration?

  1. Yes
  2. No
Question 14 Multiple Choice (Single Answer)

What is the procedure for surrendering an ISD registration?

  1. File an application in Form GST REG-16
  2. File an application in Form GST REG-17
  3. File an application in Form GST REG-18
  4. File an application in Form GST REG-19
Question 15 Multiple Choice (Single Answer)

What is the time limit for surrendering an ISD registration?

  1. 30 days from the date of application
  2. 60 days from the date of application
  3. 90 days from the date of application
  4. 120 days from the date of application
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