Sales Tax Flashcards
1
Q
Destruction of goods?
A
Sec 23
2
Q
Determination of input tax
A
Sec 25
3
Q
Zero rating
A
4
4
Q
Tax on retailers
A
(9)
5
Q
Capacity tax
A
1B
6
Q
Input tax
A
(14)
7
Q
Output tax
A
(20)
8
Q
Supply means
A
(33)
9
Q
Active taxpayer
A
Who is Blacklisted/suspended Fail to file return for 2 consective tax periods Fail to file quarterly tax statement Fail to file income tax return
10
Q
Time of supply
A
Do yourself
11
Q
Temporary registration
A
Do yourself
12
Q
Which person are required to be registered?
A
Do yourself
13
Q
Basis of suspension
A
Non availability of person at the given address.
Non filing of sales tax return.
Any other reason to be specified by the commissioner.
On recommendation of commissioner of any other jurisdiction.
Making substantial purchases/supplies to suspended / blacklisted person.
Abnormal tax profile.
Refusal to furnish record
Refusal to access to business premises.
14
Q
Which person are required to register under sales tax?
A
Do yourself
15
Q
Temporary registration
A
Do yourself
