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Service Tax Refunds and Adjustments

Service Tax Refunds and Adjustments Quiz

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Questions

Question 1 Multiple Choice (Single Answer)

Under which section of the Service Tax Act, 1994, is the refund of service tax provided?

  1. Section 11B
  2. Section 11C
  3. Section 11D
  4. Section 11E
Question 2 Multiple Choice (Single Answer)

What is the time limit for filing a refund claim under the Service Tax Act, 1994?

  1. One year from the date of payment of service tax
  2. Two years from the date of payment of service tax
  3. Three years from the date of payment of service tax
  4. Four years from the date of payment of service tax
Question 3 Multiple Choice (Single Answer)

Which of the following is not a condition for claiming a refund of service tax under the Service Tax Act, 1994?

  1. The service tax must have been paid on services exported out of India or used for providing output services.
  2. The refund claim must be filed within one year from the date of payment of service tax.
  3. The refund claim must be accompanied by proof of payment of service tax.
  4. The refund claim must be accompanied by a certificate from a Chartered Accountant.
Question 4 Multiple Choice (Single Answer)

What is the rate of interest payable on delayed refunds of service tax?

  1. 6%
  2. 9%
  3. 12%
  4. 15%
Question 5 Multiple Choice (Single Answer)

Which of the following is not a ground for adjustment of service tax under the Service Tax Act, 1994?

  1. Excess payment of service tax
  2. Short payment of service tax
  3. Erroneous payment of service tax
  4. Refund of service tax
Question 6 Multiple Choice (Single Answer)

What is the time limit for filing an application for adjustment of service tax under the Service Tax Act, 1994?

  1. One year from the date of payment of service tax
  2. Two years from the date of payment of service tax
  3. Three years from the date of payment of service tax
  4. Four years from the date of payment of service tax
Question 7 Multiple Choice (Single Answer)

Which of the following is not a condition for claiming an adjustment of service tax under the Service Tax Act, 1994?

  1. The service tax must have been paid in excess, short, or erroneously.
  2. The application for adjustment must be filed within three years from the date of payment of service tax.
  3. The application for adjustment must be accompanied by proof of payment of service tax.
  4. The application for adjustment must be accompanied by a certificate from a Chartered Accountant.
Question 8 Multiple Choice (Single Answer)

What is the rate of interest payable on delayed adjustments of service tax?

  1. 6%
  2. 9%
  3. 12%
  4. 15%
Question 9 Multiple Choice (Single Answer)

Which of the following is not a consequence of non-payment of service tax?

  1. Penalty
  2. Interest
  3. Imprisonment
  4. Refund
Question 10 Multiple Choice (Single Answer)

What is the maximum penalty that can be imposed for non-payment of service tax?

  1. 100% of the service tax payable
  2. 200% of the service tax payable
  3. 300% of the service tax payable
  4. 400% of the service tax payable
Question 11 Multiple Choice (Single Answer)

Which of the following is not a mode of payment of service tax?

  1. Cash
  2. Cheque
  3. Demand Draft
  4. Credit Card
Question 12 Multiple Choice (Single Answer)

What is the due date for filing service tax returns?

  1. 15th of the month following the month in which the service tax liability arises
  2. 20th of the month following the month in which the service tax liability arises
  3. 25th of the month following the month in which the service tax liability arises
  4. 30th of the month following the month in which the service tax liability arises
Question 13 Multiple Choice (Single Answer)

Which of the following is not a type of service tax return?

  1. ST-3
  2. ST-4
  3. ST-5
  4. ST-6
Question 14 Multiple Choice (Single Answer)

What is the penalty for late filing of service tax returns?

  1. Rs. 100 per day
  2. Rs. 200 per day
  3. Rs. 300 per day
  4. Rs. 400 per day
Question 15 Multiple Choice (Single Answer)

Which of the following is not a type of service tax audit?

  1. Statutory Audit
  2. Special Audit
  3. Risk-Based Audit
  4. Voluntary Audit
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