Question69:-For claiming exemption u/s. 54B, the assessee should purchase an
agricultural land within a period of

A:-Two years of transfer
B:-Three years of transfer
C:-Five years of transfer
D:-None of the above
Correct Answer:- Option-A
Question70:-When a depreciable asset is sold after holding 36 months, there will be
A:-Long term capital gain
B:-Short term capital gain
C:-Long term capital gain or loss
D:-Short term capital gain or loss
Correct Answer:- Option-B
Question71:-A debit note is issued by the supplier under sec.34 when
A:-The tax charged in the invoice exceeds the tax payable on the supply

B:-The taxable value shown in the invoice is lesser than the taxable value of
the supply

C:-The goods supplied are returned by the recipient
D:-All of the above
Correct Answer:- Option-B
Question72:-In case of reverse charge, tax is paid to the Government by
A:-Supplier
B:-Buyer
C:-Manufacturer
D:-None of the above
Correct Answer:- Option-B

Question73:-Activities or transactions which shall be treated neither as supply of
goods nor supply of services is given under which schedule of GST

A:-Schedule |

B:-Schedule II
C:-Schedule III
D:-Schedule IV

Correct Answer:- Option-C

Question74:-Every taxpayer who has successfully registered under GST is issued a
GST registration certificate in Form

A:-GST REG - 02
B:-GST REG - 05