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GST Works Contract

Quiz on GST Works Contract

14 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

What is the definition of a works contract under GST?

  1. A contract for the sale of goods
  2. A contract for the provision of services
  3. A contract for the transfer of property
  4. A contract for the construction of a building
Question 2 Multiple Choice (Single Answer)

What is the GST rate applicable to works contracts?

  1. 18%
  2. 12%
  3. 5%
  4. 0%
Question 3 Multiple Choice (Single Answer)

Who is responsible for paying GST on a works contract?

  1. The contractor
  2. The client
  3. Both the contractor and the client
  4. None of the above
Question 4 Multiple Choice (Single Answer)

What are the documents required for claiming input tax credit on GST paid on works contracts?

  1. Invoice
  2. Payment challan
  3. GST registration certificate
  4. All of the above
Question 5 Multiple Choice (Single Answer)

What is the time limit for filing GST returns for works contracts?

  1. 15th of the following month
  2. 30th of the following month
  3. 20th of the following month
  4. 10th of the following month
Question 6 Multiple Choice (Single Answer)

What is the penalty for late filing of GST returns for works contracts?

  1. Rs. 100 per day
  2. Rs. 200 per day
  3. Rs. 500 per day
  4. Rs. 1,000 per day
Question 7 Multiple Choice (Single Answer)

What is the interest payable on late payment of GST on works contracts?

  1. 18% per annum
  2. 12% per annum
  3. 9% per annum
  4. 6% per annum
Question 8 Multiple Choice (Single Answer)

What are the consequences of non-payment of GST on works contracts?

  1. Penalty
  2. Interest
  3. Imprisonment
  4. All of the above
Question 9 Multiple Choice (Single Answer)

What is the difference between a works contract and a supply of goods?

  1. In a works contract, the contractor is responsible for the construction of the building, while in a supply of goods, the supplier is responsible for the sale of the goods.
  2. In a works contract, the contractor is responsible for the provision of services, while in a supply of goods, the supplier is responsible for the sale of the goods.
  3. In a works contract, the contractor is responsible for the transfer of property, while in a supply of goods, the supplier is responsible for the sale of the goods.
  4. In a works contract, the contractor is responsible for the construction of the building, while in a supply of goods, the supplier is responsible for the transfer of property.
Question 10 Multiple Choice (Single Answer)

What is the difference between a works contract and a contract for the sale of land?

  1. In a works contract, the contractor is responsible for the construction of the building, while in a contract for the sale of land, the seller is responsible for the sale of the land.
  2. In a works contract, the contractor is responsible for the provision of services, while in a contract for the sale of land, the seller is responsible for the sale of the land.
  3. In a works contract, the contractor is responsible for the transfer of property, while in a contract for the sale of land, the seller is responsible for the sale of the land.
  4. In a works contract, the contractor is responsible for the construction of the building, while in a contract for the sale of land, the seller is responsible for the transfer of property.
Question 11 Multiple Choice (Single Answer)

What is the difference between a works contract and a contract for the sale of goods?

  1. In a works contract, the contractor is responsible for the construction of the building, while in a contract for the sale of goods, the seller is responsible for the sale of the goods.
  2. In a works contract, the contractor is responsible for the provision of services, while in a contract for the sale of goods, the seller is responsible for the sale of the goods.
  3. In a works contract, the contractor is responsible for the transfer of property, while in a contract for the sale of goods, the seller is responsible for the sale of the goods.
  4. In a works contract, the contractor is responsible for the construction of the building, while in a contract for the sale of goods, the seller is responsible for the transfer of property.
Question 12 Multiple Choice (Single Answer)

What is the difference between a works contract and a contract for the sale of immovable property?

  1. In a works contract, the contractor is responsible for the construction of the building, while in a contract for the sale of immovable property, the seller is responsible for the sale of the immovable property.
  2. In a works contract, the contractor is responsible for the provision of services, while in a contract for the sale of immovable property, the seller is responsible for the sale of the immovable property.
  3. In a works contract, the contractor is responsible for the transfer of property, while in a contract for the sale of immovable property, the seller is responsible for the sale of the immovable property.
  4. In a works contract, the contractor is responsible for the construction of the building, while in a contract for the sale of immovable property, the seller is responsible for the transfer of property.
Question 13 Multiple Choice (Single Answer)

What is the difference between a works contract and a contract for the sale of a going concern?

  1. In a works contract, the contractor is responsible for the construction of the building, while in a contract for the sale of a going concern, the seller is responsible for the sale of the going concern.
  2. In a works contract, the contractor is responsible for the provision of services, while in a contract for the sale of a going concern, the seller is responsible for the sale of the going concern.
  3. In a works contract, the contractor is responsible for the transfer of property, while in a contract for the sale of a going concern, the seller is responsible for the sale of the going concern.
  4. In a works contract, the contractor is responsible for the construction of the building, while in a contract for the sale of a going concern, the seller is responsible for the transfer of property.
Question 14 Multiple Choice (Single Answer)

What is the difference between a works contract and a contract for the sale of securities?

  1. In a works contract, the contractor is responsible for the construction of the building, while in a contract for the sale of securities, the seller is responsible for the sale of the securities.
  2. In a works contract, the contractor is responsible for the provision of services, while in a contract for the sale of securities, the seller is responsible for the sale of the securities.
  3. In a works contract, the contractor is responsible for the transfer of property, while in a contract for the sale of securities, the seller is responsible for the sale of the securities.
  4. In a works contract, the contractor is responsible for the construction of the building, while in a contract for the sale of securities, the seller is responsible for the transfer of property.
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