Sales Tax Act 1990 MCQs Online Preparation

1. ______ Penalty per day will be charged for a person who files a return within 15 days of the due date.

2. A return purporting to be made on behalf of a person by his duly appointed representative shall, for all purposes, be deemed to have been made by such person or under his______ unless proved to the contrary.

3. The following shall be treated as associates namely:

4. Where a registered person who, without any reasonable cause in noncompliance with the provisions of section 25, fails to produce the record on the receipt of second notice shall pay a penalty of:

5. The tax in respect of taxable supplies made during a tax period shall be paid by the registered person at the time of filing the return in respect of that period under the chapter:

6. All officers of Inland Revenue and other persons employed in the execution of this act shall observe and follow the orders, instructions and directions of:

7. If a registered person deals in taxable and non-taxable supplies, he can reclaim only such proportion of the input tax as is attributable to taxable supplies in such manner as may be specified by the:

8. The law related to the levy of a tax on the sale, importation, exportation, production, manufacture, or consumption of goods is:

9. The section that deals with the powers and functions of the directorate are:

10. A person and, in the case of company or firm, every director, or partner of the company, or as the case may be, of the firm, of which he is a director or partner or a proprietor and includes guarantors or successors, who fail to pay the arrears;

11. The liability to pay the tax shall be:

12. “Zero-rated supply” means a taxable supply which is charged to tax at the rate of zero per cent under which section?

13. An inspector of Inland Revenue is appointed under section_____ of the act.

14. Who may, by notification in the official gazette, specify any goods or class of goods which a registered person cannot supply to any person who is not registered under this act.

15. Any person who has collected or collects any tax or charge, whether under a misapprehension of any provision of his act or otherwise, which was not payable as tax or charge or which is in excess of the tax or charge actually payable and the incidence of which has been passed on to the consumer, shall pay the amount of tax or charge so collected to the:

16. The scope of the tax act is mentioned in:

17. The series of transactions between buyers and sellers from the stage of first purchase or import to the stage of final supply is called;

18. Chapter VII deals with:

19. If there is a change in the rate of tax:

20. Which chapter deals with registration?

21. ______ In relation to a person, means, or any day, the sales tax due and payable by the person under this act before that day but which has not yet been paid.

22. The rate of sales tax according to the act is:

23. No person other than a ______ shall make any deduction or reclaim input tax in respect of taxable supplies made or to be made by him.

24. The formula used for Tax Fraction is:

25. Chapter VI of the act deals with:

26. The penalty for not maintaining records required under sections 22 and 24 is:

27. No person other than a ______ or a person paying retail tax shall issue an invoice under section 23.

28. ______ includes any electronic data, computer programmes, computer tapes, computer disks, micro-films, or any other medium for the storage of such data.

29. How many chapters are included in Sales Tax Act, of 1990?

30. Any officer of Inland Revenue shall have powers to summon any person whose attendance he considers necessary either to tender evidence or to produce____ or any other thing in any inquiry which such officer is making for any of the purposes of this act.