Exam Details
| Subject | ||
| Paper | paper 2 | |
| Exam / Course | mains | |
| Department | ||
| Organization | maharashtra public service commission | |
| Position | sales tax inspector | |
| Exam Date | 2012 | |
| City, State | maharashtra, |
Question Paper
1. As per MVAT, Act 2002., Section 4 includes:
Taxes not leviable on certain goods.
Taxes payable.
Rate of tax on packing material.
Levy of sales tax on the goods specified in schedules.
2. In which Schedule Rate of Tax is with effect from 1-4-2010
A
B
C
D
3. As per Section importer doesn't mean:
who brings any goods in to the state.
brings the goods from outside.
purchases goods in the state.
or to whom goods are dispatched from any place outside the state.
4. Amount of security deposit for Voluntary Registration is Rs.
Rs. 100
Rs. 5000
Rs. 25000
Rs. 50000
5. State Govt. may exempt fully or partly the payment of tax, on any sales or classes of sales of goods made by registered dealer for.
use in generation of electricity
use in transmission of electricity
use in distribution of electricity
and all options
6. In Value Added Tax Act 2002, dealer has to obtain new registration:
if there is a change in the pin code.
if there is a change of trustees in a trust.
if private limited company is converted into a public limited company.
if partnership firm is converted into private limited company.
Only is correct
Only is correct
Only is correct
Only and are correct
7. If a person after having obtained voluntary registration has not commenced business within months from the date of registration, the sales tax officer/dept. may cancel such a registration.
8. "Declared goods" [Section.2(9)] means goods as defined from time to time, in the
Bombay Sales Tax Act, 1959
Maharashtra Value Added Tax Act, 2002
Central Sales Tax Act, 1956
Information Technology Act, 2002
9. Is there any Fee applicable for regular registration under MVAT, Act; if yes; What is the amount?
Rs. 5000/-only
Yes, Rs. 25/-only
Yes, Rs. 500/-only
No
10. Registration Certificate is issued in the Form:
101
102
301
302
11. Resale means
A sale of purchased goods in the same form in which they were purchased.
A sale of purchased goods without doing anything amounting to manufacture.
only is correct
only is correct
and both are correct
none of the above
12. As per Maharashtra Value Added Tax Act, one is liable to pay tax, when:
Turnover of Sales Rs. 5,00,000
Turnover of Sales Rs. 1,00,000
Total turnover of Sales Rs. 5,00,000 and value of taxable purchase or sale not less than Rs. 10,000
Total turnover of Sales Rs. 1,00,000 and value of taxable purchase or sales not less than Rs. 10,000
13. Which of the following schedules are mentioned in Section 6
Band C
C and F
and D
D and E
14. Rate of Tax on windmill for water pumping and for generation of electricity and its components, parts and accessories is
1
12.5%
15. For the purpose of section "dealer" means
marcantile agent
agriculturist
transporter
educational institution
16. For Registration of an importer what is the turnover limit
Only import should be more than Rs. Five lakh
No limit of import
Sale of goods should be more than Rs. One lakh
Sale or purchase of taxable goods should be more than Rs. Ten thousand
only is correct
only and are correct
only is correct
and together are correct
17. As per rule of the Maharashtra Value Added Tax, Rules -2005 "Commissioner" includes:
Additional Commissioner
Joint Commissioner
Officers to whom Commissioner delegates his powers
All the above
18. As per rule 11
an application for cancellation of registration is to be made in Form No. 103
105
102
Application on company letter head.
19. In which of the Maharashtra Value Added Tax, Rules (2005) the"Act" has been defined?
Rule
Rule
Rule
Rule
20. According to Section-9 which authority is empowered to amend the schedule 7
Commissioner of Sales Tax
Sales Tax Tribunal
State Government
Central Government
21. "Manufacture" includes
Producing
Extracting
Ornamenting
All the above
22. To determine the incidence of tax, limit of sales/purchase turnover is provided in section:
Section-3
Section-6
Section-7
Section-8
23. What has been approved by the Board appointed by the Central Govt. uls 14 of Industries Act 1951 and that has been certified by the Commissioner?
Special Economic Zone
Export Oriented Unit
Software Technology Park
Electronic Hardware Technology Park
24. Match the following
Form No. Reason
101 to cancel registration
102 to apply for new registration
103 certificate of registration
108 to surrender old registration certificates and obtain direct TIN
25. Under Section-8 no tax is leviable on the sales and purchases of any goods, where such sales or purchases take place
Outside the state
In the course of import or export
In the course of Interstate trade or commerce
All of the above
26. Under which Section of the Maharashtra Value Added Tax, 2002 liability to pay tax continues until his registration is cancelled:
Section
Section
Section
Section
27. In how many days a dealer has to obtain Registration, when he crosses the limit of turnover of sales?
15 days
30 days
45 days
60 days
28. In which schedule are the goods on the sale of which tax is not leviable, are specified?
Schedule A
Schedule B
Schedule C
Schedule D
29. As per rule 3 of the MVAT Act, what is the period for return of the goods and refund of the deposit from the date of sale or purchase of the said goods?
3 months
6 months
9 months
1 month
30. As per MVATAct means under this Act,
Sales tax; payable amount by way of tax.
Sales tax, purchase tax, amount payable by way of composition.
Sales tax purchase tax.
Sales tax and composition tax.
31. When a penalty exceeding Rs. Ten Lakh is being levyied by a Deputy Commissioner or a Senior Deputy Commissioner of Sales Tax, prior permission of Joint Commissioner is necessary under section
29
29
29
29
32. Under Section 20 of MVAT Act 2002, what is the time limit to file revised returen by the dealer if he discovers any omission
Ten Months
Nine Months
Six Months
Eight Months
33. Review order u/s 25 cannot be passed after an expiry of a period of how many years from the end of the financial year in which the order is passed?
Two years
Five years
Four years
Three years
34. 235 In which form Notified Oil Companies shall file their return under Rule 17
234
231
233
235
35. The time limit for MVAT Registration applications, in the case of "Transfer of business due to the death of the dealer" is
15 days
30 days
45 days
60 days
36. For levy of interest under Section 30 of MVAT Act is it necessary to give dealer a notice?
Yes
Officers authority
No
None of the above
37. In which fund are the amounts forfeited under MVAT Act 2002 deposited?
Emergency Fund
Chief Ministers Relief Fund
Prime Ministers Relief Fund
The Maharashtra Consumer Protection and Guidance Fund
38. 'Defect Notice' is issued in
Form 210
Form 211
Form 212
Form 213
39. How much interest is payable u/s
Fifty percent of additional tax payable
Twenty percent of additional tax payable
Thirty percent of additional tax payable
Twenty Five Percent of additional tax payable
40. In which form the "admission-memo-cum-stay order" uls 26 is passed?
Form 310
Form 311
Form 312
Form 313
41. The rate of interest payable on late payment of tax by Registered dealer is
per month
1.25% per month
1.5% per month
per month
42. Under Section if dealer fails to comply with any notice, how much penalty can be imposed on him
Five Thousand Rupees
Ten Thousand Rupees
One Thousand Rupees
Twenty Five Thousand Rupees
43. The tax liability for the purpose of determining the periodicity of return would mean
Gross Tax liability under MVAT Act and CST Act of the current year.
Net Tax liability under MVAT Act and CST Act of the current year.
Gross Tax liability under MVAT Act and CST Act of the previous year.
All taxes payable by a dealer in respect of all places of business in the state under the MVAT Act and CST Act after adjusting of set-off and refund in the previous year.
44. Which of the following statements is true?
Best judgement asscssment order passed u/s 23 or can be cancelled u/s 23(11)
Assessment order passed u/s can be cancelled u/s 23(11)
Assessment order passed u/s can be cancelled u/s 23(11)
Assessment order passed u/s can be cancelled u/s 23(11)
45. As per section of MYAT, Act, 2002, any tax, penalty, interest, fine which remains unpaid after the service of notice u/s is recoverable as arrears of
State Revenue
Consumer Fund
Land Revenue
Sales Tax Revenue
46. If the return filed by a dealer is not correct or complete, the Commissioner may serve on the dealer a Defect notice in writing within of the receipt of the return.
One year
Three years
Four months
Nine months
47. Tax liability of a dealer for F.Y. 2011-12 is Rs. 100000/-which return will he have to file for F.Y. 2012-13
Monthly
Quarterly
Half yearly
Yearly
48. Under which section of MVAT Act 2002, powers have been given to recover arrears of sales tax dues under the land revenue code?
33
34
35
38
49. An appeal against any order passed under Section shall lie with
Deputy Commissioner of Sales Tax
Joint Commissioner of Sales Tax
Commissioner of Sales Tax
Maharashtra Sales Tax Tribunal
50. Within how many days the dealer has to pay amount due from the date of service of the notice?
60
90
45
30
51. What is the periodicity of return under Rule 17 for a dealer who is a retailer and opted for composition
Monthly
Half yearly
Quarterly
None of the above
52. Who are required to file returns in Form 234
Liquor Dealers
Works Contractors
Dealers under Package Scheme of Incentives holding Entitlement Certificate
Composition Dealer
53. A second appeal under Section 26 of MVAT, Act, 2002, shall only be filed with the
Commissioner of Sales Tax
State Government
Maharashtra Sales Tax Tribunal
High Court
54. The application for cancellation of assessment order under sub-Section
of Section shall be in
Form -303
Form -304
Form -305
Form -306
55. Which of the following authorities can not exercise powers of provisional attachment u/s 35 of MVATAct, 2002
Joint Commissioner of Sales Tax
Dy. Commissioner of Sales Tax
Additional Commissioner of Sales Tax
Commissioner of Sales Tax
56. As per the provisions of Section 29 sub Section the penalty order for the said period should be passed within a period of years from the year in which the said period ended.
two
four
six
eight
57. "Clearance Certificate" u/s is issued within days from the date of receipt of the application.
15 days
21 days
30 days
60 days
58. A dealer who is liable to pay tax and failed to apply for registration, the simple interest in addition to amount of tax can be levied under section-
30
30
30
59. Who should file Quarterly return
New Registered Dealer
Business Discontinued dealer's last return
Package scheme dealer
All of the above
60. Under which of the following sections assessment can be completed to the best of judgement without serving a notice to the dealer if he fails to file return
23
23
23
23
61. If a dealer furnishes a false return regarding his business knmNingly then under which section of MVAT, Act is he punishable?
Section 74
Section 74
Section 74
Section 74
62. A dealer is regarded as a retailer if his turnover of sales made to who arc not dealers themselves is
6/10 of his total turnover of sales
7llU of his total turnover of sales
8/10 of his total turnover of sales
9/10 of his total turnover of sales
63. How many tax schedules are there (under MVAT Act 2002) showing different tax rates
3
5
6
64. Reduction in set-off on the purchases used for manufacturing of tax free goods is not applicable if
the goods are sold outside state but within India
the goods are sold to the unit eligible under package scheme of incentives
the goods are exported outside India
the goods are sold locally
65. Which of the following is not an offence u/s 74
of the MVAT Act? To furnish a false return
To issue any person any false certificate under the Act
To produce, before the Commissioner or Tribunal, a false document
Not to furnish a return
66. What is the punishment prescribed on conviction under Section for will fully evading tax or payment of tax, penalty and interest
Rigorous imprisonment for a minimum of 3 months
Rigorous imprisonment for a minimum of 6 months
Rigorous imprisonment for a minimum of 3 months to a maximum of one year
Rigorous imprisonment for a minimum of 3 months to a maximum of one year with fine
67. If someone furnishes false returns, what will be his minimum term of punishment as per the Maharashtra Value Added Tax Act, 2002
one month
three months
six months
one year
68. Section 86 of MVAT Act provides to retain a copy of tax invoice for years from the end of the year in which sale took place.
5
69. The turnover of sale of bakery products should not have exceeded Rs. if a bakery dealer wants to avail the benefit of composition in current year.
Rs. 10 lakh
Rs. 20 lakh
Rs. 50 lakh
Rs. 40 lakh
70. Which of the following dealers, who have opted for composition of tax u/s 42 of MVAT Act, 2002, is/are not eligible to claim set off on the purchases under MVAT Rules, 2005
Retailer
Restaurateur
Hotelier
Works contractor
Only
and
Only
All the four and
71. What does Section of MVAT Act 2002 provide for
Powers of search and seizure
Responsibility of dealer to furnish all books, goods etc. for inspection purpose
Both the above
None of the above
72. In which of the following conditions as per the provisions of Section 86 of MVATAct, 2002, it is not necessary for the dealer liable to pay tax to issue bill or cash memorandum
Where the value of the goods sold in a single transaction is rupees fifty or less
Where the value of the goods sold in a single transaction is rupees five hundred or less
Where the value of the goods sold in a single transaction is rupees one hundred or less
Where the value of the goods sold in a single transaction is rupees one thousand or less
73. What does Rule 77 of MVAT Rules provide for?
Certificate to be printed on tax-invoice
Forms of various returns
Form of notice of assessment
Form of assessment order
74. Rate of tax of on sale of Iron and steel is applicable from which date?
1.4.2010
1.5.2011
1.5.2012
1.4.2011
75. The composition scheme is applicable to
Manufacturer
Mandap keeper
Exporter
Importer
76. Whoever commits any of the offences specified in Section to of MYAT Act, 2002 and continues to do so what fine can be imposed as per Section 74
Not less than rupees one hundred daily
Not less than rupees one thousand daily
Not less than rupees one hundred monthly
Not less than rupees one thousand monthly
77. Which amount is not granted to a dealer as set off as per Rule 52 of MVAT Rules, 2005
purchase from registered dealer on which tax is collected separately
tax paid under Maharashtra tax on Entry of Motor Vehicles into Local Areas Act, 1987
tax paid under Maharashtra tax on Entry of Goods into Local Areas Act, 2002
tax paid under Maharashtra tax on Luxuries Act, 1987
78. What are the conditions applicable to bakers under the composition scheme?
Rate is on 1St 50 lakh turnover for Registered Dealers
in case of Un-registered Dealers
On balance turnover as per schedule rate
All the above
79. Under which section of the MVAT Act, dealer can claim set -off for tax paid on purchases?
42
44
48
49
80. Provisions under Section 42 of MVAT Act are related to
Adjustment of any payment
Exemption and refund
Composition of tax
Liability of firms and partners
81. Which pair is incorrectly matched?
Non -admissibility of set -off 54
Reduction in set -off 53
Set -off in respect of goods manufactured by Mega units-ulr 55
Claim and grant of set -off 52
82. Under what provisions of MVAT Act the dealer shall be exempted from keeping counterfoils or duplicates of the bills or cash memos and from signing the bills or cash memos?
Under Section 86
Under Section 86
Under Section 86
Under Section 86
83. On which of the following intangible goods, set off is allowable only if they are resold?
patents
trade mark
software
goodwill
84. Which provision of MVAT Act 2002, states that, "In no case the amount of set off or refund on any purchase of goods shall exceed the amount of tax, in respect of the same goods, actually paid, into govt. treasury".
Section 48
Section 48
Section 64
Section 63
85. Complete the following sentence"motor spirit purchZlsed, if used for own/personal consumption, then it is "
Entitled for set off
Not entitled for set off
both and
None of the above
86. Which of the following dealers lS not eligible to opt. for the composition scheme prescribed
13aker
Eating house manager/keeper
Manufacturer
Caterer
87. What the rate of tax an Tamarind seeds under the MYAT Act
1
tax free
12.5%
88. Which of the following notices, is hsued u/s 64 of MVAT Act 2002, for production of books of accounts?
form 603
form 601
form 704
None of the above
89. Under composition scheme, in which form hotel dealer should apply for composition?
3
90. For how many days Commissioner can retain seized books of accounts, registers or documents of any dealer without recording reasons there for?
21 days
20 days
19 days
18 days
91. As per schedule 1 of the Profession Tax Act 1975 dealer Registered Under the MVAT Act 2002 and whose Annual Turnover of sale or purchase is less than 25 lakh at present, have to pay Profession Tax per annum at
dallor 2000
dallor 2500
dallor 1500
dallor 1000
92.
What does Section 6 of the Profession Tax 1975 deal with?
Definition
Assesment
Payment of tax
Returns
93. What does H -Form support?
Deemed Export
Direct Export
Interstate sale
Direct Import
94. Which section of the Luxuries Act section defines"club"
Section
Section
Section
Section
95. what is the rate of interest for late payment of Profession Tax?
p.m.
1.5% p.m.
1.25% p.m.
p.m.
96. A fee of by way of stamps shall be payable in respect of entry application for registration under Central Sales Tax Act.
Rs. 20
Rs. 21
Rs. 25
Rs. 26
97. State in which movement of goods is entitled to collect central sales tax as per the Central Sales Tax Act 1956.
terminates
passes through
commences
None of the above
98. What is the Section of the Maharashtra Tax on Luxuries Act 1987 about?
Levy of Tax
Registration
Definitions
Penalty
99. What section of the Profession Tax Act 1975 makes Employer liable to deduct and pay tax on behalf of employees?
Section
Section
Section
Section
100. Maximum tax payable under Profession Tax Act 1975 for an individual in a year is at present.
2000
2500
3000
3500
101. Sale or purchase of goods said to have taken place in the course of import or export is defined in section of the Central Sales Tax Act 1956.
Section
Section
Section
Section
102. The Central Sales Tax Act 1956 is extendable to
State of Maharashtra
Union territory
State of Delhi
The whole of India
103. As per Profession Tax Act 1975 at present district level co -operative societies registered or deemed to be registered under the Maharashtra Co -operative Societies Act 1960 and engaged in any profession, trade or calling have to pay Profession Tax per Annum of
500
750
1500
2500
104. As per Section 2 of Profession Tax Act means a 'month reckoned according' to
British calendar
Indian calendar
Irish calendar
None of these
105. Which section of the 'Central Sales Tax' Act 1956 defines "Interstate sale"
Section
Section
Section
Section
106. In which Section of the CST Act 1956 "sale price" has been defined
2
2
107. Among the following who is exempted from Profession Tax?
Doctor
Engineer
Agent under MahHa Pradhan Bachat Kshetriya Yojana
Teacher
108. As per Profession Tax Act 1975 u/s 27 who are exempted from paying Profession Tax:
person suffering from permanent disability
parent of mentally retarded child
parent of child suffering from physical disability
person above the age of 65 years
only and
only and
only
above all
109. What does the Section 7
of Profession Tax deal with?
Assessment of tax
Appeal
Interest
Penalties
110. What does Section 27 A of the Profession Tax 1975 stand for?
definition
registration and enrolment
exemption from Profession Tax
payment of tax
111. In case of branch transfer of goods to ones own branch in the other state the declaration has to be in
C-Form
H-Form
F-Form
E1-Form
112. An application for registration should be made within days from the date on which the dealer becomes liable to pay tax under the Central Sales tax act 1956 as per rule
within 30 days
within 25 days
within 60 days
within 45 days
113. While deciding sale price s 8 A of CST Act 1956 the goods return period is allowed for how many months
Three months from the date of delivery
Six months from the date of delivery
Nine months from the date of delivery
No time limit
114. Which section of the Luxuries Act 1987 gives the definition of business?
Section
Section
Section
Section
115. Owners or lessees ofPetroljDieseljOil pumps and Service stations/garages and workshops of Automobiles need to pay Profession Tax of per annum.
Rs. 500
Rs. 1000
Rs. 2000
Rs. 2500
116. In which section of the CST Act 1956 is the rate of tax on sale in the course of Inter -state trade or commerce designed
Section
Section
Section
Section
117. As per Maharashtra Tax on Luxuries Act 1987, Existing Rates of Luxury tax have been made applicable from
1.4.2010
1.5.2010
1.6.2010
1.9.2010
118. Under Central Sales Tax Act 1956 current tax rate for interstate sale transcations supported by declaration in form C is being implemented w.eJ.
1.6.2008
1.5.2008
1.4.2008
1.10.2008
119. As per Section 4 of the CST Act 1956 sale or purchase of goods shall be deemed to have taken place inside state if the goods are
In the customs area
In neighbouring state
Outside the state
Within the state
120. What do E Forms support?
Import
Export
Sale in transit
High seas sale
121. An application for Central Sales Tax registration shall be made by a dealer to the notified authority in Form -A.
u/s2
u/s4
u/s 6
u/s 7
122.
Match the following
providing false information for enrolment penalty of 3 times the amount
non -payment of P.T. penalty equal to 10% of the amount of tax
late filing of Return penalty of Rs. 300 per Return
.
123. Which section of Profession Tax Act 1975 gives the definition of profession tax as the tax on profession; trade calling and employment?
Section
Section
Section
Section
124. Which section of CST Act 1956 deales with 'Burden of proof' in case of transfer of goods claimed otherwise than by way of sale from one state to another state on a dealer who transfers goods from one state to the other?
Section 7 A
Section 6 A
Section 8 A
Section 5 A
125. As per Maharashtra Tax on Luxuries Act 1987, the present rate of tax on turnover of receipt for luxuries provided in a hotel where charge for such luxuries per day of accommodation is less than dallor 750 is
12.5%
126. Section 5 of the Professional Tax Act 1975 is related with:
Registration and enrolment
Submission of Returns
Fernishing declarations
Levy and charge of Tax
127. Form can cover branch transfers effected in
one month
one year
one quarter
six months
128. Deemed Export sale transaction needs to be supported by
Form-C
Form-E1
Form-F
Form-H
129. Which section of the 'Central Sales Tax Act 1956 defines "dealer"
2
2
2
2
130. As per Profession Tax Act 1975, building contractor's tax liability is Rs.
1000
2000
2500
3000
131. As per the provisions of section 26 under MVAT, Act, 2002 an order passed in appeal by a Deputy Commissioner of Sales Tax can be challenged before the:
Sales Tax Tribunal
Additional Commissioner of Sales Tax
Commissioner of Sales Tax
Joint Commissioner of Sales Tax appeal
132. Dealers who have opted for composition of tax and whose entire turnover is under composition shall file return in form
231
232
234
235
133. Under which Section of the MVATAct 2002 it is mandatory for the dealer to mention the specified particulars in a tax invoice, bill or cash memorandum
U/R 76
U/R 77
U/R 78
U/R 79
134. The provision of time of payment of tax is given under rule of MVAT Act, 2002.
40
41
42
43
135. Following are the main duties of Sales Tax Inspector in Recovery Process under MVAT Act.
To attach bank accounts of the defaulters.
To attach debtor's accounts of defaulters
To attach properties of defaulters.
correct correct incorrect
correct incorrect incorrect
correct correct correct
incorrect incorrect incorrect
136. As per provision of Rule of the MVAT Act, 2002 at the time of registration, the person furnishing the photograph shall sign on the self photograph before
Sales Tax Inspector
Tax Assistant
Registration Officer
Joint Commissioner of Sales Tax
137. Interest on delayed payments shall be levied as per provision given under section of MVAT Act.
u/s 30
u/s 30
u/s 30
u/s 30
138. Under which section of the MVATAct, 2002 the intimation in Form 604 is given to dealers?
63
63
63
63
139. Under MVAT Act which of the following sections is related to the investigation Branch?
section -76
section -77
correct correct
incorrect incorrect
incorrect correct
correct incorrect
140. M/s Future Ind. Ltd. demerges into M/s Future Electronics Ltd. and M/s Future Engg. Ltd. Who should apply for cancellation and registration under MVAT Act.
M/s Future Ind. Ltd. should apply for cancellation of registration.
M/s Future Electronics Ltd and M/s Future Engg. Ltd. should apply for registration.
incorrect correct
correct incorrect
correct correct
incorrect incorrect
141. Which of the following statements is incorrect?
Section 20 of MVAT Act, 2002 provides for filing of Returns.
Under MVAT Act, 2002, there is no provision for filing of returns for unregistered dealers.
Only statement is incorrect
Only statement is incorrect
Both and are incorrect
Neither nor is incorrect
142. make various applications in High court on behalf of Maharashtra Sales Tax Department, as and when necessary' is the main function of which branch of the following
Appeal Branch
Legal Branch
Registration Branch
Recovery Branch
143. What are the Sections 74 to 78 of the MVAT Act about?
Appeal
Assessment
Offences and penalties
Recovery
144. Which section of the MVA'I Act, 2002 deals with 'Review'
Section -25
Section -26
Section -27
Section -28
145. Under which section of the MVAT Act 2002, 'powers have been conferred on the tribunal?
Section -24
Section -14
Section -41
Section -22
146. Which of the two statements related to refund under MVAT Act made below is correct?
Rule 53 -Reduction in set -off
Rule 54 -Non -admissibility of set -off
incorrect correct
correct incorrect
correct correct
incorrect incorrect
147. For the function of storage of returns, STI has the following duties and responsibilities.
To intimate the DEA about the discrepancies found in the sub -scrolls and returns.
To prepare payment confirmation certificates as and when required by the various branches of the Sales Tax Department and the dealers.
incorrect incorrect
incorrect correct
correct correct
correct incorrect
148. In which MYAT rule the provision is made for determination of sale price and purchase price in respect of sale by transfer of property goods
Rule 59
Rule 68
Rule 58
Rule 57
150. Under which Rule of MVAT Act, 2002, if the claimant dealer has used any taxable goods as a fuel then the reduction of set -off will be of purchase price?
U/R 53
U/R 53
U/R 53
U/R 53
151. With which branch is the warrant of search and seizure issued under section 64 of MYAT Act mainly related?
Legal Branch
Investigation Branch
Business Audit Branch
Refund and Refund Audit Branch
152. How are the dealers under the package scheme of Incentives expected to file returns
Monthly
Quarterly
Six monthly
Annual
153. What for is the Form No.4 given in Appendix A used in VAT audit?
VAT Auditor weekly programme
Confirmation of audit appointment
Urgent/routine cross checking
Notification of audits that are not undertaken
154. What is 'through put tax'
Input tax
Input tax output tax
Output tax
None of these
155. Which section of MVAT Act, 2002 empowers the Commissioner to enter and search any place of business of dealer
U/s 64
U/s 63
U/s 63
U/s 64
156. In which form are the audit findings communicated to a dealer?
Form 604
Form 801
Form A
Form B
157. What is the rate of interest applicable side section 30 of MVAT Act, 2002
25%
50%
100%
None of the above
158. "To assist the Tribunal in disposal of cases as representative of Maharashtra VAT Department", is the main function of which branch of Maharashtra Sales Tax Department.
Appeal Branch
Legal Branch
Investigation Branch
Business Audit Branch
159. The dealer is assessedfor a period of the MVAT act 2002.
u/s 23 u/s 32
160. Form 301 is issued to the dealer for:
Return Default
Refund
Offence and Penalty
Assessment
161.
Match the following rules and appeals.
Rule 31 Application for disposal of appeal
Rule 32 Submission of Appeals
Rule 33 Application for stay
Rule 34 Stay order
162. Which section of MVAT Act 2002 states that the Input Tax Credit cannot be granted unless the tax on the earlier stages is received in the government treasury?
u/s
u/s
u/s
u/s
163. Which of the following authorities are empowered under section 34 of MVAT Act, 2002 to recover outstanding sales tax dues as arrears of Land Revenue and also have powers of confirmation of sale
Additional Commissioner of Sales Tax
Assistant Commissioner of Sales Tax
Deputy Commissioner of Sales Tax
Joint Commissioner of Sales Tax
and
and
and
and
164. While executing the attachment of immovable property the Recovery officer should issue order under which rule of Maharashtra Realization of Land Revenue Rules 1967s in which Form?
Rule Form No. 11
Rule Form No. 12
Rule 11, Form No.4
Rule 12, Form No.4
165. VAT Audit under the MVAT Act is to be divided into three categories, which of the following options is not the one?
General Audit
Refund Audit
Specific Audit
Investigation Audit
166. The application for refund in Form 501 received from a dealer of the category of large tax payers is forwarded to which branch for further action?
Refund and Refund Audit Branch
Business Audit Branch
Return Branch
Large Tax payers Unit
167. Comment on the following statements: Refund can be issued either in cash or by deducting this excess amount from tax, penalty, interest or forfeiture amount.
True
False
Partly True
Partly false
169. Which of the following is not a function of the Large Tax payer Unit
Registration
To grant refund to dealer
To assess dealer
To take follow up of return status of dealer
170. Which cell of the department of the Sales Tax issues statutory forms: CH FE1and E2?
Central Depository cell
Central Repository cell
Stationery cell
None of the above
171. Any entry recorded on both sides of a cash book is known as
opening
rectifying
transfer
entry. contra
172. Goods sold on
Cash
are only recorded in sales books. Credit
Both
None of these
173. When cash is deposited in Bank, following entry is made in the Journal
Cash A/c Dr. To Bank A/c
Bank A/c Dr. To cash A/c
Capital A/c Dr. To cash A/c
Capital A/c Dr. To Bank A/c
174. How many accounting standards have so far been determined by the council of Institute of Chartered Accountants of India
12
18
28
30
175. Which discount is not recorded in the books of accounts?
Cash discount
Purchase discount
Sales discount
Trade discount
176. After the incidence of flood in Mumbai on 26 July 2005, insurance company's Ale for Rs. 5,00,000 is debited in journal entry by 'Takshashila Enterprises'. What could be the possible reason there for?
Insurance company accepted the claim to that extent
Insurance company declined the claim
Goods were not insured to that an extent
Insurance company recovered Rs. 5,00,000 from 'Takshashila Enterprises'
177. 'Patent Account' is which type of account
Real account
Personal account
Nominal account
None of the above
178. An account for expenses or loss, gain or income is
Real Account
Personal Account
Nominal Account
Intangible Real Account
179. Set of accounts is called
Journal
Profit and loss
account
Ledger Balance Sheet
180. Left hand side and right hand side of an account show respectively
Debit and credit
Credit and debit
Total capital
Cash deposit and capital
181. What is the amount withdrawn by trader from his business for personal expenses called
Discount
Capital
Expenses
Drawings
182. Bank Account is a Account.
Real Account
Nominal Account
Personal Account
Valuation Account
183. Which of the following statements is correct?
Statement Under the Deshi Nama System, records are maintained in Indian language.
Statement Deshi Nama System of accounting is based on double enh'y system.
Statement A and B both are correct
Statement A and B both are wrong
Only Statement A is correct
Only Statement B is correct
184. Credit purchases of goods are recorded in
Sales books
Purchases return book
Purchase book
Journal proper
185. Bought goods from Padmapani worth Rs. 10,000 on credit, then in journal enhT which account will be debited?
Padmapani's account
Cash account
Purchase account
Any of the above
186. The concept which states that assets when purchased should be recorded at cost price is
Dual Aspect
Going concern
Materiality
Cost concept
187. Every transaction is recorded first in the
Ledger
Bank book
Journal
None of these
188. Prepaid insurance premium should be classified as
Fixed assets
Current assets
Fictitious assets
None of the above
189. 'Goods Account' is which type of account?
Real Account
Nominal Account
Personal Account
None of the above
190. is the example of current assets.
Preliminary expenses
Machinery
Deferred revenue expenses
Debtors
191. In books of accounts what transactions are maintained?
Barter
Monetary transaction
Both the above
None of the above
192. Trial Balance is prepared from
Subsidiary books
Balance sheet
Ledger
Journal
193. On which concept is the double entry book -keeping system based?
Dual Aspect
Going concern
Cost
Materiality
194.
Match the pairs
Debtor A person to whom business owes money
Creditor Liability of business
Drawings Person who owes money to the business
Capital Proprietor pays petrol charges from business.
195. is shown by way of foot note to balance sheet, simply for information.
Contingent liability
Fixed liability
Current liability
All the above
196. Which account always shows'debit' balance?
Personal accounts
Real accounts
Nominal accounts
None of the above
197. Goodwill is
Liability for the business
Tangible Asset for the business
Intangible Asset for the business
None of the above
198. From the options given below, which is not a subsidiary book?
Cash book
Purchase book
Sales book
None of the above
199. Rent paid to landlord is debited to which account?
Bank
Cash
Landlord
Rent
200. Who developed the Double entry system of book keeping?
R.N. Carter
Spicer and Pegler
Arya Chanakya
Luca De Bergo Pacioli
Taxes not leviable on certain goods.
Taxes payable.
Rate of tax on packing material.
Levy of sales tax on the goods specified in schedules.
2. In which Schedule Rate of Tax is with effect from 1-4-2010
A
B
C
D
3. As per Section importer doesn't mean:
who brings any goods in to the state.
brings the goods from outside.
purchases goods in the state.
or to whom goods are dispatched from any place outside the state.
4. Amount of security deposit for Voluntary Registration is Rs.
Rs. 100
Rs. 5000
Rs. 25000
Rs. 50000
5. State Govt. may exempt fully or partly the payment of tax, on any sales or classes of sales of goods made by registered dealer for.
use in generation of electricity
use in transmission of electricity
use in distribution of electricity
and all options
6. In Value Added Tax Act 2002, dealer has to obtain new registration:
if there is a change in the pin code.
if there is a change of trustees in a trust.
if private limited company is converted into a public limited company.
if partnership firm is converted into private limited company.
Only is correct
Only is correct
Only is correct
Only and are correct
7. If a person after having obtained voluntary registration has not commenced business within months from the date of registration, the sales tax officer/dept. may cancel such a registration.
8. "Declared goods" [Section.2(9)] means goods as defined from time to time, in the
Bombay Sales Tax Act, 1959
Maharashtra Value Added Tax Act, 2002
Central Sales Tax Act, 1956
Information Technology Act, 2002
9. Is there any Fee applicable for regular registration under MVAT, Act; if yes; What is the amount?
Rs. 5000/-only
Yes, Rs. 25/-only
Yes, Rs. 500/-only
No
10. Registration Certificate is issued in the Form:
101
102
301
302
11. Resale means
A sale of purchased goods in the same form in which they were purchased.
A sale of purchased goods without doing anything amounting to manufacture.
only is correct
only is correct
and both are correct
none of the above
12. As per Maharashtra Value Added Tax Act, one is liable to pay tax, when:
Turnover of Sales Rs. 5,00,000
Turnover of Sales Rs. 1,00,000
Total turnover of Sales Rs. 5,00,000 and value of taxable purchase or sale not less than Rs. 10,000
Total turnover of Sales Rs. 1,00,000 and value of taxable purchase or sales not less than Rs. 10,000
13. Which of the following schedules are mentioned in Section 6
Band C
C and F
and D
D and E
14. Rate of Tax on windmill for water pumping and for generation of electricity and its components, parts and accessories is
1
12.5%
15. For the purpose of section "dealer" means
marcantile agent
agriculturist
transporter
educational institution
16. For Registration of an importer what is the turnover limit
Only import should be more than Rs. Five lakh
No limit of import
Sale of goods should be more than Rs. One lakh
Sale or purchase of taxable goods should be more than Rs. Ten thousand
only is correct
only and are correct
only is correct
and together are correct
17. As per rule of the Maharashtra Value Added Tax, Rules -2005 "Commissioner" includes:
Additional Commissioner
Joint Commissioner
Officers to whom Commissioner delegates his powers
All the above
18. As per rule 11
an application for cancellation of registration is to be made in Form No. 103
105
102
Application on company letter head.
19. In which of the Maharashtra Value Added Tax, Rules (2005) the"Act" has been defined?
Rule
Rule
Rule
Rule
20. According to Section-9 which authority is empowered to amend the schedule 7
Commissioner of Sales Tax
Sales Tax Tribunal
State Government
Central Government
21. "Manufacture" includes
Producing
Extracting
Ornamenting
All the above
22. To determine the incidence of tax, limit of sales/purchase turnover is provided in section:
Section-3
Section-6
Section-7
Section-8
23. What has been approved by the Board appointed by the Central Govt. uls 14 of Industries Act 1951 and that has been certified by the Commissioner?
Special Economic Zone
Export Oriented Unit
Software Technology Park
Electronic Hardware Technology Park
24. Match the following
Form No. Reason
101 to cancel registration
102 to apply for new registration
103 certificate of registration
108 to surrender old registration certificates and obtain direct TIN
25. Under Section-8 no tax is leviable on the sales and purchases of any goods, where such sales or purchases take place
Outside the state
In the course of import or export
In the course of Interstate trade or commerce
All of the above
26. Under which Section of the Maharashtra Value Added Tax, 2002 liability to pay tax continues until his registration is cancelled:
Section
Section
Section
Section
27. In how many days a dealer has to obtain Registration, when he crosses the limit of turnover of sales?
15 days
30 days
45 days
60 days
28. In which schedule are the goods on the sale of which tax is not leviable, are specified?
Schedule A
Schedule B
Schedule C
Schedule D
29. As per rule 3 of the MVAT Act, what is the period for return of the goods and refund of the deposit from the date of sale or purchase of the said goods?
3 months
6 months
9 months
1 month
30. As per MVATAct means under this Act,
Sales tax; payable amount by way of tax.
Sales tax, purchase tax, amount payable by way of composition.
Sales tax purchase tax.
Sales tax and composition tax.
31. When a penalty exceeding Rs. Ten Lakh is being levyied by a Deputy Commissioner or a Senior Deputy Commissioner of Sales Tax, prior permission of Joint Commissioner is necessary under section
29
29
29
29
32. Under Section 20 of MVAT Act 2002, what is the time limit to file revised returen by the dealer if he discovers any omission
Ten Months
Nine Months
Six Months
Eight Months
33. Review order u/s 25 cannot be passed after an expiry of a period of how many years from the end of the financial year in which the order is passed?
Two years
Five years
Four years
Three years
34. 235 In which form Notified Oil Companies shall file their return under Rule 17
234
231
233
235
35. The time limit for MVAT Registration applications, in the case of "Transfer of business due to the death of the dealer" is
15 days
30 days
45 days
60 days
36. For levy of interest under Section 30 of MVAT Act is it necessary to give dealer a notice?
Yes
Officers authority
No
None of the above
37. In which fund are the amounts forfeited under MVAT Act 2002 deposited?
Emergency Fund
Chief Ministers Relief Fund
Prime Ministers Relief Fund
The Maharashtra Consumer Protection and Guidance Fund
38. 'Defect Notice' is issued in
Form 210
Form 211
Form 212
Form 213
39. How much interest is payable u/s
Fifty percent of additional tax payable
Twenty percent of additional tax payable
Thirty percent of additional tax payable
Twenty Five Percent of additional tax payable
40. In which form the "admission-memo-cum-stay order" uls 26 is passed?
Form 310
Form 311
Form 312
Form 313
41. The rate of interest payable on late payment of tax by Registered dealer is
per month
1.25% per month
1.5% per month
per month
42. Under Section if dealer fails to comply with any notice, how much penalty can be imposed on him
Five Thousand Rupees
Ten Thousand Rupees
One Thousand Rupees
Twenty Five Thousand Rupees
43. The tax liability for the purpose of determining the periodicity of return would mean
Gross Tax liability under MVAT Act and CST Act of the current year.
Net Tax liability under MVAT Act and CST Act of the current year.
Gross Tax liability under MVAT Act and CST Act of the previous year.
All taxes payable by a dealer in respect of all places of business in the state under the MVAT Act and CST Act after adjusting of set-off and refund in the previous year.
44. Which of the following statements is true?
Best judgement asscssment order passed u/s 23 or can be cancelled u/s 23(11)
Assessment order passed u/s can be cancelled u/s 23(11)
Assessment order passed u/s can be cancelled u/s 23(11)
Assessment order passed u/s can be cancelled u/s 23(11)
45. As per section of MYAT, Act, 2002, any tax, penalty, interest, fine which remains unpaid after the service of notice u/s is recoverable as arrears of
State Revenue
Consumer Fund
Land Revenue
Sales Tax Revenue
46. If the return filed by a dealer is not correct or complete, the Commissioner may serve on the dealer a Defect notice in writing within of the receipt of the return.
One year
Three years
Four months
Nine months
47. Tax liability of a dealer for F.Y. 2011-12 is Rs. 100000/-which return will he have to file for F.Y. 2012-13
Monthly
Quarterly
Half yearly
Yearly
48. Under which section of MVAT Act 2002, powers have been given to recover arrears of sales tax dues under the land revenue code?
33
34
35
38
49. An appeal against any order passed under Section shall lie with
Deputy Commissioner of Sales Tax
Joint Commissioner of Sales Tax
Commissioner of Sales Tax
Maharashtra Sales Tax Tribunal
50. Within how many days the dealer has to pay amount due from the date of service of the notice?
60
90
45
30
51. What is the periodicity of return under Rule 17 for a dealer who is a retailer and opted for composition
Monthly
Half yearly
Quarterly
None of the above
52. Who are required to file returns in Form 234
Liquor Dealers
Works Contractors
Dealers under Package Scheme of Incentives holding Entitlement Certificate
Composition Dealer
53. A second appeal under Section 26 of MVAT, Act, 2002, shall only be filed with the
Commissioner of Sales Tax
State Government
Maharashtra Sales Tax Tribunal
High Court
54. The application for cancellation of assessment order under sub-Section
of Section shall be in
Form -303
Form -304
Form -305
Form -306
55. Which of the following authorities can not exercise powers of provisional attachment u/s 35 of MVATAct, 2002
Joint Commissioner of Sales Tax
Dy. Commissioner of Sales Tax
Additional Commissioner of Sales Tax
Commissioner of Sales Tax
56. As per the provisions of Section 29 sub Section the penalty order for the said period should be passed within a period of years from the year in which the said period ended.
two
four
six
eight
57. "Clearance Certificate" u/s is issued within days from the date of receipt of the application.
15 days
21 days
30 days
60 days
58. A dealer who is liable to pay tax and failed to apply for registration, the simple interest in addition to amount of tax can be levied under section-
30
30
30
59. Who should file Quarterly return
New Registered Dealer
Business Discontinued dealer's last return
Package scheme dealer
All of the above
60. Under which of the following sections assessment can be completed to the best of judgement without serving a notice to the dealer if he fails to file return
23
23
23
23
61. If a dealer furnishes a false return regarding his business knmNingly then under which section of MVAT, Act is he punishable?
Section 74
Section 74
Section 74
Section 74
62. A dealer is regarded as a retailer if his turnover of sales made to who arc not dealers themselves is
6/10 of his total turnover of sales
7llU of his total turnover of sales
8/10 of his total turnover of sales
9/10 of his total turnover of sales
63. How many tax schedules are there (under MVAT Act 2002) showing different tax rates
3
5
6
64. Reduction in set-off on the purchases used for manufacturing of tax free goods is not applicable if
the goods are sold outside state but within India
the goods are sold to the unit eligible under package scheme of incentives
the goods are exported outside India
the goods are sold locally
65. Which of the following is not an offence u/s 74
of the MVAT Act? To furnish a false return
To issue any person any false certificate under the Act
To produce, before the Commissioner or Tribunal, a false document
Not to furnish a return
66. What is the punishment prescribed on conviction under Section for will fully evading tax or payment of tax, penalty and interest
Rigorous imprisonment for a minimum of 3 months
Rigorous imprisonment for a minimum of 6 months
Rigorous imprisonment for a minimum of 3 months to a maximum of one year
Rigorous imprisonment for a minimum of 3 months to a maximum of one year with fine
67. If someone furnishes false returns, what will be his minimum term of punishment as per the Maharashtra Value Added Tax Act, 2002
one month
three months
six months
one year
68. Section 86 of MVAT Act provides to retain a copy of tax invoice for years from the end of the year in which sale took place.
5
69. The turnover of sale of bakery products should not have exceeded Rs. if a bakery dealer wants to avail the benefit of composition in current year.
Rs. 10 lakh
Rs. 20 lakh
Rs. 50 lakh
Rs. 40 lakh
70. Which of the following dealers, who have opted for composition of tax u/s 42 of MVAT Act, 2002, is/are not eligible to claim set off on the purchases under MVAT Rules, 2005
Retailer
Restaurateur
Hotelier
Works contractor
Only
and
Only
All the four and
71. What does Section of MVAT Act 2002 provide for
Powers of search and seizure
Responsibility of dealer to furnish all books, goods etc. for inspection purpose
Both the above
None of the above
72. In which of the following conditions as per the provisions of Section 86 of MVATAct, 2002, it is not necessary for the dealer liable to pay tax to issue bill or cash memorandum
Where the value of the goods sold in a single transaction is rupees fifty or less
Where the value of the goods sold in a single transaction is rupees five hundred or less
Where the value of the goods sold in a single transaction is rupees one hundred or less
Where the value of the goods sold in a single transaction is rupees one thousand or less
73. What does Rule 77 of MVAT Rules provide for?
Certificate to be printed on tax-invoice
Forms of various returns
Form of notice of assessment
Form of assessment order
74. Rate of tax of on sale of Iron and steel is applicable from which date?
1.4.2010
1.5.2011
1.5.2012
1.4.2011
75. The composition scheme is applicable to
Manufacturer
Mandap keeper
Exporter
Importer
76. Whoever commits any of the offences specified in Section to of MYAT Act, 2002 and continues to do so what fine can be imposed as per Section 74
Not less than rupees one hundred daily
Not less than rupees one thousand daily
Not less than rupees one hundred monthly
Not less than rupees one thousand monthly
77. Which amount is not granted to a dealer as set off as per Rule 52 of MVAT Rules, 2005
purchase from registered dealer on which tax is collected separately
tax paid under Maharashtra tax on Entry of Motor Vehicles into Local Areas Act, 1987
tax paid under Maharashtra tax on Entry of Goods into Local Areas Act, 2002
tax paid under Maharashtra tax on Luxuries Act, 1987
78. What are the conditions applicable to bakers under the composition scheme?
Rate is on 1St 50 lakh turnover for Registered Dealers
in case of Un-registered Dealers
On balance turnover as per schedule rate
All the above
79. Under which section of the MVAT Act, dealer can claim set -off for tax paid on purchases?
42
44
48
49
80. Provisions under Section 42 of MVAT Act are related to
Adjustment of any payment
Exemption and refund
Composition of tax
Liability of firms and partners
81. Which pair is incorrectly matched?
Non -admissibility of set -off 54
Reduction in set -off 53
Set -off in respect of goods manufactured by Mega units-ulr 55
Claim and grant of set -off 52
82. Under what provisions of MVAT Act the dealer shall be exempted from keeping counterfoils or duplicates of the bills or cash memos and from signing the bills or cash memos?
Under Section 86
Under Section 86
Under Section 86
Under Section 86
83. On which of the following intangible goods, set off is allowable only if they are resold?
patents
trade mark
software
goodwill
84. Which provision of MVAT Act 2002, states that, "In no case the amount of set off or refund on any purchase of goods shall exceed the amount of tax, in respect of the same goods, actually paid, into govt. treasury".
Section 48
Section 48
Section 64
Section 63
85. Complete the following sentence"motor spirit purchZlsed, if used for own/personal consumption, then it is "
Entitled for set off
Not entitled for set off
both and
None of the above
86. Which of the following dealers lS not eligible to opt. for the composition scheme prescribed
13aker
Eating house manager/keeper
Manufacturer
Caterer
87. What the rate of tax an Tamarind seeds under the MYAT Act
1
tax free
12.5%
88. Which of the following notices, is hsued u/s 64 of MVAT Act 2002, for production of books of accounts?
form 603
form 601
form 704
None of the above
89. Under composition scheme, in which form hotel dealer should apply for composition?
3
90. For how many days Commissioner can retain seized books of accounts, registers or documents of any dealer without recording reasons there for?
21 days
20 days
19 days
18 days
91. As per schedule 1 of the Profession Tax Act 1975 dealer Registered Under the MVAT Act 2002 and whose Annual Turnover of sale or purchase is less than 25 lakh at present, have to pay Profession Tax per annum at
dallor 2000
dallor 2500
dallor 1500
dallor 1000
92.
What does Section 6 of the Profession Tax 1975 deal with?
Definition
Assesment
Payment of tax
Returns
93. What does H -Form support?
Deemed Export
Direct Export
Interstate sale
Direct Import
94. Which section of the Luxuries Act section defines"club"
Section
Section
Section
Section
95. what is the rate of interest for late payment of Profession Tax?
p.m.
1.5% p.m.
1.25% p.m.
p.m.
96. A fee of by way of stamps shall be payable in respect of entry application for registration under Central Sales Tax Act.
Rs. 20
Rs. 21
Rs. 25
Rs. 26
97. State in which movement of goods is entitled to collect central sales tax as per the Central Sales Tax Act 1956.
terminates
passes through
commences
None of the above
98. What is the Section of the Maharashtra Tax on Luxuries Act 1987 about?
Levy of Tax
Registration
Definitions
Penalty
99. What section of the Profession Tax Act 1975 makes Employer liable to deduct and pay tax on behalf of employees?
Section
Section
Section
Section
100. Maximum tax payable under Profession Tax Act 1975 for an individual in a year is at present.
2000
2500
3000
3500
101. Sale or purchase of goods said to have taken place in the course of import or export is defined in section of the Central Sales Tax Act 1956.
Section
Section
Section
Section
102. The Central Sales Tax Act 1956 is extendable to
State of Maharashtra
Union territory
State of Delhi
The whole of India
103. As per Profession Tax Act 1975 at present district level co -operative societies registered or deemed to be registered under the Maharashtra Co -operative Societies Act 1960 and engaged in any profession, trade or calling have to pay Profession Tax per Annum of
500
750
1500
2500
104. As per Section 2 of Profession Tax Act means a 'month reckoned according' to
British calendar
Indian calendar
Irish calendar
None of these
105. Which section of the 'Central Sales Tax' Act 1956 defines "Interstate sale"
Section
Section
Section
Section
106. In which Section of the CST Act 1956 "sale price" has been defined
2
2
107. Among the following who is exempted from Profession Tax?
Doctor
Engineer
Agent under MahHa Pradhan Bachat Kshetriya Yojana
Teacher
108. As per Profession Tax Act 1975 u/s 27 who are exempted from paying Profession Tax:
person suffering from permanent disability
parent of mentally retarded child
parent of child suffering from physical disability
person above the age of 65 years
only and
only and
only
above all
109. What does the Section 7
of Profession Tax deal with?
Assessment of tax
Appeal
Interest
Penalties
110. What does Section 27 A of the Profession Tax 1975 stand for?
definition
registration and enrolment
exemption from Profession Tax
payment of tax
111. In case of branch transfer of goods to ones own branch in the other state the declaration has to be in
C-Form
H-Form
F-Form
E1-Form
112. An application for registration should be made within days from the date on which the dealer becomes liable to pay tax under the Central Sales tax act 1956 as per rule
within 30 days
within 25 days
within 60 days
within 45 days
113. While deciding sale price s 8 A of CST Act 1956 the goods return period is allowed for how many months
Three months from the date of delivery
Six months from the date of delivery
Nine months from the date of delivery
No time limit
114. Which section of the Luxuries Act 1987 gives the definition of business?
Section
Section
Section
Section
115. Owners or lessees ofPetroljDieseljOil pumps and Service stations/garages and workshops of Automobiles need to pay Profession Tax of per annum.
Rs. 500
Rs. 1000
Rs. 2000
Rs. 2500
116. In which section of the CST Act 1956 is the rate of tax on sale in the course of Inter -state trade or commerce designed
Section
Section
Section
Section
117. As per Maharashtra Tax on Luxuries Act 1987, Existing Rates of Luxury tax have been made applicable from
1.4.2010
1.5.2010
1.6.2010
1.9.2010
118. Under Central Sales Tax Act 1956 current tax rate for interstate sale transcations supported by declaration in form C is being implemented w.eJ.
1.6.2008
1.5.2008
1.4.2008
1.10.2008
119. As per Section 4 of the CST Act 1956 sale or purchase of goods shall be deemed to have taken place inside state if the goods are
In the customs area
In neighbouring state
Outside the state
Within the state
120. What do E Forms support?
Import
Export
Sale in transit
High seas sale
121. An application for Central Sales Tax registration shall be made by a dealer to the notified authority in Form -A.
u/s2
u/s4
u/s 6
u/s 7
122.
Match the following
providing false information for enrolment penalty of 3 times the amount
non -payment of P.T. penalty equal to 10% of the amount of tax
late filing of Return penalty of Rs. 300 per Return
.
123. Which section of Profession Tax Act 1975 gives the definition of profession tax as the tax on profession; trade calling and employment?
Section
Section
Section
Section
124. Which section of CST Act 1956 deales with 'Burden of proof' in case of transfer of goods claimed otherwise than by way of sale from one state to another state on a dealer who transfers goods from one state to the other?
Section 7 A
Section 6 A
Section 8 A
Section 5 A
125. As per Maharashtra Tax on Luxuries Act 1987, the present rate of tax on turnover of receipt for luxuries provided in a hotel where charge for such luxuries per day of accommodation is less than dallor 750 is
12.5%
126. Section 5 of the Professional Tax Act 1975 is related with:
Registration and enrolment
Submission of Returns
Fernishing declarations
Levy and charge of Tax
127. Form can cover branch transfers effected in
one month
one year
one quarter
six months
128. Deemed Export sale transaction needs to be supported by
Form-C
Form-E1
Form-F
Form-H
129. Which section of the 'Central Sales Tax Act 1956 defines "dealer"
2
2
2
2
130. As per Profession Tax Act 1975, building contractor's tax liability is Rs.
1000
2000
2500
3000
131. As per the provisions of section 26 under MVAT, Act, 2002 an order passed in appeal by a Deputy Commissioner of Sales Tax can be challenged before the:
Sales Tax Tribunal
Additional Commissioner of Sales Tax
Commissioner of Sales Tax
Joint Commissioner of Sales Tax appeal
132. Dealers who have opted for composition of tax and whose entire turnover is under composition shall file return in form
231
232
234
235
133. Under which Section of the MVATAct 2002 it is mandatory for the dealer to mention the specified particulars in a tax invoice, bill or cash memorandum
U/R 76
U/R 77
U/R 78
U/R 79
134. The provision of time of payment of tax is given under rule of MVAT Act, 2002.
40
41
42
43
135. Following are the main duties of Sales Tax Inspector in Recovery Process under MVAT Act.
To attach bank accounts of the defaulters.
To attach debtor's accounts of defaulters
To attach properties of defaulters.
correct correct incorrect
correct incorrect incorrect
correct correct correct
incorrect incorrect incorrect
136. As per provision of Rule of the MVAT Act, 2002 at the time of registration, the person furnishing the photograph shall sign on the self photograph before
Sales Tax Inspector
Tax Assistant
Registration Officer
Joint Commissioner of Sales Tax
137. Interest on delayed payments shall be levied as per provision given under section of MVAT Act.
u/s 30
u/s 30
u/s 30
u/s 30
138. Under which section of the MVATAct, 2002 the intimation in Form 604 is given to dealers?
63
63
63
63
139. Under MVAT Act which of the following sections is related to the investigation Branch?
section -76
section -77
correct correct
incorrect incorrect
incorrect correct
correct incorrect
140. M/s Future Ind. Ltd. demerges into M/s Future Electronics Ltd. and M/s Future Engg. Ltd. Who should apply for cancellation and registration under MVAT Act.
M/s Future Ind. Ltd. should apply for cancellation of registration.
M/s Future Electronics Ltd and M/s Future Engg. Ltd. should apply for registration.
incorrect correct
correct incorrect
correct correct
incorrect incorrect
141. Which of the following statements is incorrect?
Section 20 of MVAT Act, 2002 provides for filing of Returns.
Under MVAT Act, 2002, there is no provision for filing of returns for unregistered dealers.
Only statement is incorrect
Only statement is incorrect
Both and are incorrect
Neither nor is incorrect
142. make various applications in High court on behalf of Maharashtra Sales Tax Department, as and when necessary' is the main function of which branch of the following
Appeal Branch
Legal Branch
Registration Branch
Recovery Branch
143. What are the Sections 74 to 78 of the MVAT Act about?
Appeal
Assessment
Offences and penalties
Recovery
144. Which section of the MVA'I Act, 2002 deals with 'Review'
Section -25
Section -26
Section -27
Section -28
145. Under which section of the MVAT Act 2002, 'powers have been conferred on the tribunal?
Section -24
Section -14
Section -41
Section -22
146. Which of the two statements related to refund under MVAT Act made below is correct?
Rule 53 -Reduction in set -off
Rule 54 -Non -admissibility of set -off
incorrect correct
correct incorrect
correct correct
incorrect incorrect
147. For the function of storage of returns, STI has the following duties and responsibilities.
To intimate the DEA about the discrepancies found in the sub -scrolls and returns.
To prepare payment confirmation certificates as and when required by the various branches of the Sales Tax Department and the dealers.
incorrect incorrect
incorrect correct
correct correct
correct incorrect
148. In which MYAT rule the provision is made for determination of sale price and purchase price in respect of sale by transfer of property goods
Rule 59
Rule 68
Rule 58
Rule 57
150. Under which Rule of MVAT Act, 2002, if the claimant dealer has used any taxable goods as a fuel then the reduction of set -off will be of purchase price?
U/R 53
U/R 53
U/R 53
U/R 53
151. With which branch is the warrant of search and seizure issued under section 64 of MYAT Act mainly related?
Legal Branch
Investigation Branch
Business Audit Branch
Refund and Refund Audit Branch
152. How are the dealers under the package scheme of Incentives expected to file returns
Monthly
Quarterly
Six monthly
Annual
153. What for is the Form No.4 given in Appendix A used in VAT audit?
VAT Auditor weekly programme
Confirmation of audit appointment
Urgent/routine cross checking
Notification of audits that are not undertaken
154. What is 'through put tax'
Input tax
Input tax output tax
Output tax
None of these
155. Which section of MVAT Act, 2002 empowers the Commissioner to enter and search any place of business of dealer
U/s 64
U/s 63
U/s 63
U/s 64
156. In which form are the audit findings communicated to a dealer?
Form 604
Form 801
Form A
Form B
157. What is the rate of interest applicable side section 30 of MVAT Act, 2002
25%
50%
100%
None of the above
158. "To assist the Tribunal in disposal of cases as representative of Maharashtra VAT Department", is the main function of which branch of Maharashtra Sales Tax Department.
Appeal Branch
Legal Branch
Investigation Branch
Business Audit Branch
159. The dealer is assessedfor a period of the MVAT act 2002.
u/s 23 u/s 32
160. Form 301 is issued to the dealer for:
Return Default
Refund
Offence and Penalty
Assessment
161.
Match the following rules and appeals.
Rule 31 Application for disposal of appeal
Rule 32 Submission of Appeals
Rule 33 Application for stay
Rule 34 Stay order
162. Which section of MVAT Act 2002 states that the Input Tax Credit cannot be granted unless the tax on the earlier stages is received in the government treasury?
u/s
u/s
u/s
u/s
163. Which of the following authorities are empowered under section 34 of MVAT Act, 2002 to recover outstanding sales tax dues as arrears of Land Revenue and also have powers of confirmation of sale
Additional Commissioner of Sales Tax
Assistant Commissioner of Sales Tax
Deputy Commissioner of Sales Tax
Joint Commissioner of Sales Tax
and
and
and
and
164. While executing the attachment of immovable property the Recovery officer should issue order under which rule of Maharashtra Realization of Land Revenue Rules 1967s in which Form?
Rule Form No. 11
Rule Form No. 12
Rule 11, Form No.4
Rule 12, Form No.4
165. VAT Audit under the MVAT Act is to be divided into three categories, which of the following options is not the one?
General Audit
Refund Audit
Specific Audit
Investigation Audit
166. The application for refund in Form 501 received from a dealer of the category of large tax payers is forwarded to which branch for further action?
Refund and Refund Audit Branch
Business Audit Branch
Return Branch
Large Tax payers Unit
167. Comment on the following statements: Refund can be issued either in cash or by deducting this excess amount from tax, penalty, interest or forfeiture amount.
True
False
Partly True
Partly false
169. Which of the following is not a function of the Large Tax payer Unit
Registration
To grant refund to dealer
To assess dealer
To take follow up of return status of dealer
170. Which cell of the department of the Sales Tax issues statutory forms: CH FE1and E2?
Central Depository cell
Central Repository cell
Stationery cell
None of the above
171. Any entry recorded on both sides of a cash book is known as
opening
rectifying
transfer
entry. contra
172. Goods sold on
Cash
are only recorded in sales books. Credit
Both
None of these
173. When cash is deposited in Bank, following entry is made in the Journal
Cash A/c Dr. To Bank A/c
Bank A/c Dr. To cash A/c
Capital A/c Dr. To cash A/c
Capital A/c Dr. To Bank A/c
174. How many accounting standards have so far been determined by the council of Institute of Chartered Accountants of India
12
18
28
30
175. Which discount is not recorded in the books of accounts?
Cash discount
Purchase discount
Sales discount
Trade discount
176. After the incidence of flood in Mumbai on 26 July 2005, insurance company's Ale for Rs. 5,00,000 is debited in journal entry by 'Takshashila Enterprises'. What could be the possible reason there for?
Insurance company accepted the claim to that extent
Insurance company declined the claim
Goods were not insured to that an extent
Insurance company recovered Rs. 5,00,000 from 'Takshashila Enterprises'
177. 'Patent Account' is which type of account
Real account
Personal account
Nominal account
None of the above
178. An account for expenses or loss, gain or income is
Real Account
Personal Account
Nominal Account
Intangible Real Account
179. Set of accounts is called
Journal
Profit and loss
account
Ledger Balance Sheet
180. Left hand side and right hand side of an account show respectively
Debit and credit
Credit and debit
Total capital
Cash deposit and capital
181. What is the amount withdrawn by trader from his business for personal expenses called
Discount
Capital
Expenses
Drawings
182. Bank Account is a Account.
Real Account
Nominal Account
Personal Account
Valuation Account
183. Which of the following statements is correct?
Statement Under the Deshi Nama System, records are maintained in Indian language.
Statement Deshi Nama System of accounting is based on double enh'y system.
Statement A and B both are correct
Statement A and B both are wrong
Only Statement A is correct
Only Statement B is correct
184. Credit purchases of goods are recorded in
Sales books
Purchases return book
Purchase book
Journal proper
185. Bought goods from Padmapani worth Rs. 10,000 on credit, then in journal enhT which account will be debited?
Padmapani's account
Cash account
Purchase account
Any of the above
186. The concept which states that assets when purchased should be recorded at cost price is
Dual Aspect
Going concern
Materiality
Cost concept
187. Every transaction is recorded first in the
Ledger
Bank book
Journal
None of these
188. Prepaid insurance premium should be classified as
Fixed assets
Current assets
Fictitious assets
None of the above
189. 'Goods Account' is which type of account?
Real Account
Nominal Account
Personal Account
None of the above
190. is the example of current assets.
Preliminary expenses
Machinery
Deferred revenue expenses
Debtors
191. In books of accounts what transactions are maintained?
Barter
Monetary transaction
Both the above
None of the above
192. Trial Balance is prepared from
Subsidiary books
Balance sheet
Ledger
Journal
193. On which concept is the double entry book -keeping system based?
Dual Aspect
Going concern
Cost
Materiality
194.
Match the pairs
Debtor A person to whom business owes money
Creditor Liability of business
Drawings Person who owes money to the business
Capital Proprietor pays petrol charges from business.
195. is shown by way of foot note to balance sheet, simply for information.
Contingent liability
Fixed liability
Current liability
All the above
196. Which account always shows'debit' balance?
Personal accounts
Real accounts
Nominal accounts
None of the above
197. Goodwill is
Liability for the business
Tangible Asset for the business
Intangible Asset for the business
None of the above
198. From the options given below, which is not a subsidiary book?
Cash book
Purchase book
Sales book
None of the above
199. Rent paid to landlord is debited to which account?
Bank
Cash
Landlord
Rent
200. Who developed the Double entry system of book keeping?
R.N. Carter
Spicer and Pegler
Arya Chanakya
Luca De Bergo Pacioli