QUIZ FOR TODAY'S CLASS (25-08-2020)

EXPAND ITC

• INDIRECT TAX CREDIT

• INPUT TAX CREDIT

• IN TAX CREDIT

• INN TAX CREDIT

INPUT TAX ALSO KNOWN AS

• TAX ON PURCHASES

• TAX ON SALES

• TAX ON GOODS

• TAX ON SERVICES

IS TAX INVOICE COMPULSORY FOR ITC

• NO

• YES

• SOME TIMES REQUIRED

• OCCASIONALLY REQUIRED

CAN WE ADJUST SGST/UTGST CREDIT TO CGST

• SOME TIMES

• REGULARLY

• YES

• NO

A DOCUMENT IN WHICH INFORMATION SUBMITTED BY REGISTERED PERSON TO APPROPRIATE AUTHORITY IS .......

• RETURN

• TAX DETAILS

• TAX PAYMENT

• PURCHASES

HOW TO FILE GST RETURNS

• OFFLINE

• ONLINE

• BOTH

• INDIVIDUALLY

OUTWARD SUPPLIES FILLED IN (EXCEPT ISD AND NR)

• GSTR-2

• GSTR-3

• GSTR-4

• GSTR-1

GSTR-2 IS USED FOR

• OUTWARD SUPPLIES

• INWARD SUPPLIES

• EXPORTS

• IMPORTS

REGULAR TAX PAYER HAS TO FILE RETURNS

• QUARTERLY

• BI-ANNUALLY

• MONTHLY

• YEARLY

WHAT IS OTC?

• OVER THE COUNTER

• ONE TIME CREDIT

• ON THE CITE

• OPEN TO CITIZEN