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GST E-Invoicing

GST E-Invoicing

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

What is the purpose of GST E-Invoicing?

  1. To reduce tax evasion
  2. To improve tax compliance
  3. To simplify the process of filing GST returns
  4. All of the above
Question 2 Multiple Choice (Single Answer)

Who is required to issue e-invoices under GST?

  1. Businesses with a turnover of more than Rs. 20 crores
  2. Businesses with a turnover of more than Rs. 50 crores
  3. Businesses with a turnover of more than Rs. 100 crores
  4. None of the above
Question 3 Multiple Choice (Single Answer)

What are the benefits of using GST E-Invoicing?

  1. Reduced tax evasion
  2. Improved tax compliance
  3. Simplified GST return filing process
  4. All of the above
Question 4 Multiple Choice (Single Answer)

What is the format of an e-invoice under GST?

  1. JSON
  2. XML
  3. PDF
  4. None of the above
Question 5 Multiple Choice (Single Answer)

What is the validity period of an e-invoice under GST?

  1. 15 days
  2. 30 days
  3. 60 days
  4. 90 days
Question 6 Multiple Choice (Single Answer)

What is the penalty for not issuing an e-invoice under GST?

  1. A fine of Rs. 10,000
  2. A fine of Rs. 25,000
  3. A fine of Rs. 50,000
  4. None of the above
Question 7 Multiple Choice (Single Answer)

What is the process for issuing an e-invoice under GST?

  1. Generate an e-invoice in JSON format
  2. Sign the e-invoice with a digital signature
  3. Upload the e-invoice to the GSTN portal
  4. All of the above
Question 8 Multiple Choice (Single Answer)

What is the role of the GSTN in GST E-Invoicing?

  1. To provide the infrastructure for e-invoicing
  2. To regulate the e-invoicing process
  3. To ensure compliance with e-invoicing regulations
  4. All of the above
Question 9 Multiple Choice (Single Answer)

What are the challenges associated with GST E-Invoicing?

  1. Technical difficulties
  2. Lack of awareness among businesses
  3. Resistance to change
  4. All of the above
Question 10 Multiple Choice (Single Answer)

What is the future of GST E-Invoicing in India?

  1. It will become mandatory for all businesses
  2. It will be integrated with other tax systems
  3. It will be used for real-time tax monitoring
  4. All of the above
Question 11 Multiple Choice (Single Answer)

What is the due date for filing GSTR-1?

  1. 11th of the following month
  2. 15th of the following month
  3. 20th of the following month
  4. 25th of the following month
Question 12 Multiple Choice (Single Answer)

What is the due date for filing GSTR-3B?

  1. 20th of the following month
  2. 22nd of the following month
  3. 24th of the following month
  4. 26th of the following month
Question 13 Multiple Choice (Single Answer)

What is the due date for filing GSTR-9?

  1. 31st December of the following year
  2. 31st January of the following year
  3. 28th February of the following year
  4. 31st March of the following year
Question 14 Multiple Choice (Single Answer)

What is the penalty for late filing of GST returns?

  1. A fine of Rs. 100 per day
  2. A fine of Rs. 200 per day
  3. A fine of Rs. 500 per day
  4. A fine of Rs. 1,000 per day
Question 15 Multiple Choice (Single Answer)

What is the interest rate applicable on late payment of GST?

  1. 18%
  2. 24%
  3. 30%
  4. 36%
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