Which document is issued by an unregistered supplier under GST when they sell exempted goods? MCQ with Answer and Explanation

Question
Which document is issued by an unregistered supplier under GST when they sell exempted goods?
A. Tax Invoice
B. Receipt Voucher
C. Bill of Supply
D. Debit Note
Answer: Option C
Solution (By JKSSB Mock Tests)
A Bill of Supply is issued instead of a Tax Invoice when dealing in exempted goods or when the supplier is under the Composition Scheme.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1
The 'Customs Act, 1962' empowers the Central Government to:
A. Impose GST
B. Collect income tax
C. Regulate imports and exports and levy customs duties
D. Regulate company law
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Customs Act governs import and export of goods and levy of customs duties.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
The 'Internal Financial Controls' reporting is required under:
A. Section 143(3)(i) of Companies Act, 2013
B. GST Act
C. CARO 2020
D. Income Tax Act
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Auditor's report must state whether the company has adequate internal financial controls system.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
Social Accounting in India is mostly used by:
A. Manufacturing companies
B. Households
C. Small traders
D. Public sector enterprises
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
Public sector enterprises and large corporations often prepare social accounting statements to show their contribution to social objectives.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Explore All Accountancy and Book Keeping MCQs
Today's Top Topics
Accountancy and Book Keeping 1861 Statistics 1318
Explore Subjects
Accountancy and Statistics 3179 Economy GK 2220 English 15164 Computer 5279 Current Affairs 575
Practice Mix
Which of the following is an indirect tax in India?
The valve between the left atrium and left ventricle is the:
A person faces north. He turns 45° left, then 90° right, then 45° left. Which direction is he facing?
Under the Income Tax Act, the 'TDS' on the sale of an immovable property (other than agricultural land) by a resident is governed by which section, and what is the rate?
In 'Piecemeal Distribution' during dissolution, the first priority for payment of outside liabilities is: