B:-(i), (iii) and (iv) only
C:-All of these

D:-None of these

Correct Answer:- Option-D

Question42:-A credit note is issued when

(i) The taxable value shown in the invoice is lesser than the taxable value of
supply

(ii) The tax charged in the invoice exceeds the tax payable in the supply

(iii) The goods supplied are returned by the recipient

(iv) The taxable value shown in the invoice exceeds the taxable value of supply
(v) The tax charged in the invoice is less than the tax payable on the suppky

A:-(i), (ii) and (iii) are correct
B:-(ii), (iii) and (iv) are correct
C:-(iii), (iv) and (v) are correct
D:-(i), (iv) and (v) are correct
Correct Answer:- Option-B

Question43:-According to of the constitution of India tax of any nature can
be levied or collected by Central or State Governments only by authority of law

A:-Article 243
B:-Article 246
C:-Article 265
D:-Article 270
Correct Answer:- Option-C

Question44:-Concurrent list contains the matters in respect of which
have the power to make

laws

(i) Central Government

(ii) State Government

(111) Local government

(iv) Union territory

A:-(ii) and (iii) only

B:-(i), (ii) and (iii) only
C:-(i) and (ii) only

D:-(iv) only

Correct Answer:- Option-C

Question45:-Mr.Raj is a chartered Accountant in Chennai. he provides the following
information

(i) Date of supply of services : 11.06.2023

(11) Date of issue of invoice (within 30 days of service): 18.06.2023

(111) Date of entering payment in the books of accounts : 28.06.2023

(iv) Date of credit of payment in the bank account : 29.06.2023

Determine the time of supply