The 'GST Refund' for exporters is processed through: MCQ with Answer and Explanation

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The 'GST Refund' for exporters is processed through:

A. Income tax portal

B. Bank

C. RFDD-01 form on GST portal

D. Manual application only

Answer: Option C

Solution (By JKSSB Mock Tests)

Refund application is filed electronically in Form GST RFD-01.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Question #1

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Which budget estimates the amount of cash receipts and cash payments during the budget period?

A. Production Budget

B. Cash Budget

C. Sales Budget

D. Capital Budget

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Correct Answer: Option B

Explanation:
A cash budget forecasts the cash inflows and outflows to ensure the firm has adequate liquidity to operate.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

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The 'CGU' is the smallest identifiable group of assets that:

A. Has most employees

B. Has highest revenue

C. Generates cash inflows independently

D. Is a legal entity

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Correct Answer: Option C

Explanation:
Definition of CGU per Ind AS 36.

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Question #3

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The 'TDS on transfer of virtual digital assets' under Section 194S is:

A. 10%

B. 2%

C. 5%

D. 1%

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Correct Answer: Option D

Explanation:
TDS at 1% on transfer of VDA if consideration exceeds specified limits.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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