All Courses
Get the App Signup / Login
Sign in Open App
B Com Exam  >  B Com Tests  >  Goods and Services Tax (GST)  >  Test: Place of Supply - B Com MCQ

Test: Place of Supply - B Com MCQ


Test Description

10 Questions MCQ Test Goods and Services Tax (GST) - Test: Place of Supply

Test: Place of Supply for B Com 2024 is part of Goods and Services Tax (GST) preparation. The Test: Place of Supply questions and answers have been prepared according to the B Com exam syllabus.The Test: Place of Supply MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Place of Supply below.
Solutions of Test: Place of Supply questions in English are available as part of our Goods and Services Tax (GST) for B Com & Test: Place of Supply 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: Place of Supply | 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: Place of Supply - Question 1
Save

What is the general principle for determining the place of supply for goods under GST when there is no movement of goods?

Detailed Solution for Test: Place of Supply - Question 1
When there is no movement of goods, the place of supply for goods under GST is the location of the goods at the time of delivery to the recipient. This ensures that the place of supply is determined even in cases where there is no physical movement involved.
Test: Place of Supply - Question 2
Save

What is the determining factor for the place of supply in the case of services related to immovable property?

Detailed Solution for Test: Place of Supply - Question 2
In the case of services related to immovable property, the determining factor for the place of supply is the location of the immovable property itself. This ensures that the place of supply is directly linked to the property being serviced.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Place of Supply - Question 3
Save

In the case of services provided to an unregistered dealer where the location of the service recipient is not available, what is used as the place of supply?

Detailed Solution for Test: Place of Supply - Question 3
When the location of the service recipient is not available, the place of supply for services provided to an unregistered dealer is determined based on the location of the service provider. This ensures that there is a basis for taxation even when the recipient's location is unknown.
Test: Place of Supply - Question 4
Save
A supplier located in Mumbai provides services to a recipient in Chennai, where the services are related to immovable property located in Hyderabad. What is the place of supply for these services?
Detailed Solution for Test: Place of Supply - Question 4
The place of supply for services related to immovable property is the location of the immovable property itself. In this case, the immovable property is in Hyderabad, so the place of supply is Hyderabad.
Test: Place of Supply - Question 5
Save
What is the place of supply for restaurant services under GST?
Detailed Solution for Test: Place of Supply - Question 5
The place of supply for restaurant services under GST is the location of the customer. This means that the GST applicable is determined based on where the customer is situated.
Test: Place of Supply - Question 6
Save
For transportation services, what is the usual basis for determining the place of supply?
Detailed Solution for Test: Place of Supply - Question 6
The usual basis for determining the place of supply for transportation services is the location of the goods being transported. This helps in aligning the taxation with the actual movement of goods.
Test: Place of Supply - Question 7
Save
In the case of telecom services, what is used as the basis for determining the place of supply?
Detailed Solution for Test: Place of Supply - Question 7
For telecom services, the place of supply is determined based on the location of the customer's billing address. This ensures that the GST is levied where the customer receives the service.
Test: Place of Supply - Question 8
Save
What is the place of supply for banking, financial, and insurance services under GST?
Detailed Solution for Test: Place of Supply - Question 8
The place of supply for banking, financial, and insurance services under GST is the location of the customer's registered office. This helps in determining the GST liability based on where the customer is located.
Test: Place of Supply - Question 9
Save
What is the significance of determining the time of supply related to interest, late fees, or penalty in GST?
Detailed Solution for Test: Place of Supply - Question 9
Determining the time of supply related to interest, late fees, or penalty in GST is significant because it helps in proper accounting of these additional charges. It ensures that the GST liability on such amounts is clear and can be discharged correctly.
Test: Place of Supply - Question 10
Save
What is the purpose of determining the "transactional value" in the valuation of taxable supply of goods and services under GST?
Detailed Solution for Test: Place of Supply - Question 10
The purpose of determining the "transactional value" in the valuation of taxable supply of goods and services under GST is to ensure that GST is charged on the full value of the supply, especially in cases where parties are related or where a reasonable value may not be charged. This helps in proper tax collection.
130 videos|45 docs|14 tests
Join Course
Information about Test: Place of Supply Page
In this test you can find the Exam questions for Test: Place of Supply solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Place of Supply, 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 Place of Supply

Find all the important questions for Place of Supply at EduRev.Get fully prepared for Place of Supply with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Place of Supply 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 Place of Supply resources.

Place of Supply MCQs with Answers

Prepare for the Place of Supply 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 Place of Supply 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 Place of Supply 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