CSL Accountant Paper 2020

Cochin Shipyard Accountant Paper 2020
Exam Date – 9th Feb 2020

GST identification number (GSTIN) is a _____ digit identification number issued by the tax department upon successful processing of your GST application
(a) 12
(b) 14
(c) 16
(d) None of the options

d

Regular tax payer shall file Annual return under GST in form _____
(a) GSTR 1
(b) GSTR 3B
(c) GSTR 7
(d) GSTR 9

d

Which of the following Input tax credit cannot be set off against Outward SGST Liability?
(a) IGST
(b) CGST
(c) SGST
(d) Both CGST and IGST

b

IGST Tax payable under Reverse charge Mechanism of GST can be discharged using balance in ____
(a) IGST Electronic Cash Ledger
(b) IGST Electronic Credit Ledger
(c) CGST Electronic Credit Ledger
(d) CGST Cash Ledger

a

Kerala Flood cess is applicable on ____
(a) All instrastate sales
(b) Instrastate B2B sale Only
(c) Instrastate B2C sale only
(d) All insterstate sales only

c

Which of the following is not a valid document for availing GST Credit?
(a) Invoice
(b) Delivery Challan
(c) Debit Note
(d) Bill of Entry

b

A transaction become interstate sale as per GST Laws, if _____ are in two different states
(a) Location of Supplier and lOcation of Receipient
(b) Location of Supplier and place of supply
(c) Place of business of supplier and place of business of receipient
(d) None of the options

b

If you book a ticket in Rajadhani train, you will get a free meal and insurance as a part of principal supply. This is an example of ____ as per GST Laws.
(a) Composite Supply
(b) Mixed Supply
(c) Slump supply
(d) Composition supply

a

Finance Bill, 2020 has reduced Income tax slabs for FY 2020-21 of individuals by inserting section 115 BAC to Income tax Act. As per Proposed section 115BAC, the rate of Tax for Income above Rs. 5,00,001/- to Rs. 7,50,000/- is ____ percentage.
(a) Zero
(b) 5
(c) 10
(d) 15

c

Loss under head ____ can b e set off against Income under head “Income from Salary” as per Income tax laws.
(a) Income from house property
(b) Long term capital gain
(c) Short term capital gain
(d) Planned investments

a