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B Com Exam  >  B Com Test  >  Goods and Services Tax (GST)  >  Test: Time of Supply - B Com MCQ

Time of Supply - Free MCQ Practice Test with solutions, B Com Goods


MCQ Practice Test & Solutions: Test: Time of Supply (10 Questions)

You can prepare effectively for B Com Goods and Services Tax (GST) with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Time of Supply". These 10 questions have been designed by the experts with the latest curriculum of B Com 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 10 minutes
  • - Number of Questions: 10

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Test: Time of Supply - Question 1
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Under which section of the CGST Act, 2017, is the time of supply for goods determined?

Detailed Solution: Question 1

The time of supply for goods is determined under Section 12 of the CGST Act, 2017.

Test: Time of Supply - Question 2
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For continuous supplies of goods, when is the time of supply determined?

Detailed Solution: Question 2

For continuous supplies of goods, the time of supply is determined by the time when each invoice is issued.

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Test: Time of Supply - Question 3
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What is the time of supply for goods in the case of reverse charge basis?

Detailed Solution: Question 3

The time of supply for goods under the reverse charge mechanism is determined by several factors:

  • Date of receipt of the goods.
  • Date of payment recorded in the recipient's books.
  • Date of payment debited from the recipient's bank account.

Therefore, the correct answer is all of these options. Each date mentioned can establish the time of supply depending on the circumstances.

Test: Time of Supply - Question 4
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In the case of goods, when does the time of supply occur if tax is paid on a forward basis?

Detailed Solution: Question 4

In the case of goods where tax is paid on a forward basis, the time of supply occurs at the earliest of the following dates: Date of issue of invoice by the supplier.

Test: Time of Supply - Question 5
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What is the term used in GST law to determine the date when the tax liability arises for a supply?

Detailed Solution: Question 5

In GST law, the term used to determine the date when the tax liability arises for a supply is "Time of Supply." It is crucial to calculate and discharge the tax liability correctly.

Test: Time of Supply - Question 6
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When does the time of supply occur for vouchers exchangeable for goods?

Detailed Solution: Question 6

The time of supply for vouchers exchangeable for goods occurs at the earliest of the following dates: Date of issue of voucher, if the supply is identifiable at that point.

Test: Time of Supply - Question 7
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When none of the specified provisions in Section 13 of the CGST Act can be applied, what determines the time of supply for services?

Detailed Solution: Question 7

When none of the specified provisions in Section 13 can be applied, the time of supply for services is determined by the due date of filing the periodical returns.

Test: Time of Supply - Question 8
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What is the time of supply for services in the case of reverse charge basis?

Detailed Solution: Question 8

In the case of services on reverse charge basis, the time of supply is the earliest of the following dates: Date of payment credited to the supplier's bank account or Date of receipt of services or Date of payment debited in the recipient's bank account or Date immediately following sixty days from the date of the invoice.

Test: Time of Supply - Question 9
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In the case of services, when does the time of supply occur if tax is liable to be paid on a forward basis?

Detailed Solution: Question 9

In the case of services where tax is liable to be paid on a forward basis, the time of supply occurs at the earliest of the following dates: Date of issue of invoice by the supplier.

Test: Time of Supply - Question 10
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What is the time of supply for interest, late fee, or penalty added as an additional consideration for supplies made?

Detailed Solution: Question 10

The time of supply for interest, late fee, or penalty added as an additional consideration for supplies made is the date on which the supplier receives such additional consideration.

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About this B Com Practice Test

This test contains 10 MCQs on Time of Supply with detailed solutions for each question. It is part of the Goods and Services Tax (GST) course on EduRev, designed to align with the current B Com syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

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If you found this Time of Supply MCQ Test helpful, you can further enhance your B Com preparation with in-depth courses on EduRev, for all the subjects and topics available in Goods and Services Tax (GST) course. The course offers:
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