All Courses
Get the App Signup / Login
Sign in Open App
B Com Exam  >  B Com Tests  >  Goods and Services Tax (GST)  >  Test: Tax Invoice, Credit & Debit Notes - B Com MCQ

Test: Tax Invoice, Credit & Debit Notes - B Com MCQ


Test Description

10 Questions MCQ Test Goods and Services Tax (GST) - Test: Tax Invoice, Credit & Debit Notes

Test: Tax Invoice, Credit & Debit Notes for B Com 2024 is part of Goods and Services Tax (GST) preparation. The Test: Tax Invoice, Credit & Debit Notes questions and answers have been prepared according to the B Com exam syllabus.The Test: Tax Invoice, Credit & Debit Notes MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Tax Invoice, Credit & Debit Notes below.
Solutions of Test: Tax Invoice, Credit & Debit Notes questions in English are available as part of our Goods and Services Tax (GST) for B Com & Test: Tax Invoice, Credit & Debit Notes solutions in Hindi for Goods and Services Tax (GST) course. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free. Attempt Test: Tax Invoice, Credit & Debit Notes | 10 questions in 10 minutes | Mock test for B Com preparation | Free important questions MCQ to study Goods and Services Tax (GST) for B Com Exam | Download free PDF with solutions
Test: Tax Invoice, Credit & Debit Notes - Question 1
Save

What is the primary purpose of a tax invoice in the GST law?

Detailed Solution for Test: Tax Invoice, Credit & Debit Notes - Question 1
The primary purpose of a tax invoice in the GST law is to provide details of the goods or services supplied, including their description, quantity, value, tax charged, and other prescribed particulars.
Test: Tax Invoice, Credit & Debit Notes - Question 2
Save

Which section of the GST law governs the issuance of tax invoices for taxable goods?

Detailed Solution for Test: Tax Invoice, Credit & Debit Notes - Question 2
The issuance of tax invoices for taxable goods is governed by Section 31 of the GST law.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Tax Invoice, Credit & Debit Notes - Question 3
Save

When should a Credit Note be issued in GST?

Detailed Solution for Test: Tax Invoice, Credit & Debit Notes - Question 3
A Credit Note should be issued in GST when the value of goods increases due to extra goods being delivered or when there is a revision in the invoice value for any reason.
Test: Tax Invoice, Credit & Debit Notes - Question 4
Save
What is the time limit for issuing a tax invoice for taxable services under GST?
Detailed Solution for Test: Tax Invoice, Credit & Debit Notes - Question 4
Under GST, a tax invoice for taxable services must be issued within 30 days from the date of supply.
Test: Tax Invoice, Credit & Debit Notes - Question 5
Save
What details are required to be mentioned in a Debit Note or Credit Note issued under GST?
Detailed Solution for Test: Tax Invoice, Credit & Debit Notes - Question 5
A Debit Note or Credit Note issued under GST should contain various details, including the name, address, and GSTIN of the supplier, among other particulars.
Test: Tax Invoice, Credit & Debit Notes - Question 6
Save
What is the purpose of a delivery challan in GST?
Detailed Solution for Test: Tax Invoice, Credit & Debit Notes - Question 6
A delivery challan in GST is used to facilitate the transportation of goods, especially in cases where the tax invoice cannot be issued at the time of removal of goods.
Test: Tax Invoice, Credit & Debit Notes - Question 7
Save
How is a tax invoice for the supply of goods prepared in terms of copies?
Detailed Solution for Test: Tax Invoice, Credit & Debit Notes - Question 7
A tax invoice for the supply of goods is prepared in triplicate, with each copy serving a specific purpose.
Test: Tax Invoice, Credit & Debit Notes - Question 8
Save
In which form should the serial number of invoices issued during a tax period be furnished electronically?
Detailed Solution for Test: Tax Invoice, Credit & Debit Notes - Question 8
The serial number of invoices issued during a tax period should be furnished electronically through FORM GSTR-1.
Test: Tax Invoice, Credit & Debit Notes - Question 9
Save
When should a revised invoice be issued under GST?
Detailed Solution for Test: Tax Invoice, Credit & Debit Notes - Question 9
A revised invoice under GST should be issued when there is a change in the value of goods or services due to any reason, such as the return of goods or incorrect valuation.
Test: Tax Invoice, Credit & Debit Notes - Question 10
Save
What is the purpose of a Debit Note in GST?
Detailed Solution for Test: Tax Invoice, Credit & Debit Notes - Question 10
The purpose of a Debit Note in GST is to decrease the seller's liability. It is issued when the amount payable by the buyer to the seller decreases.
130 videos|45 docs|14 tests
Join Course
Information about Test: Tax Invoice, Credit & Debit Notes Page
In this test you can find the Exam questions for Test: Tax Invoice, Credit & Debit Notes solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Tax Invoice, Credit & Debit Notes, EduRev gives you an ample number of Online tests for practice
130 videos|45 docs|14 tests
Join Course
Download as PDF

Important Questions for Tax Invoice, Credit & Debit Notes

Find all the important questions for Tax Invoice, Credit & Debit Notes at EduRev.Get fully prepared for Tax Invoice, Credit & Debit Notes with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Tax Invoice, Credit & Debit Notes syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Tax Invoice, Credit & Debit Notes resources.

Tax Invoice, Credit & Debit Notes MCQs with Answers

Prepare for the Tax Invoice, Credit & Debit Notes within the B Com exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Tax Invoice, Credit & Debit Notes Goods and Services Tax (GST)

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Tax Invoice, Credit & Debit Notes with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup