GST Knowledge QuizVersión en línea Test your knowledge on Goods and Services Tax with this fun quiz! por Sharmila Sathya 1 The due date for issuing a notice under Section 73 of the Income Tax Act, 1961, for the tax period 2017-18 would be : a 30-09-2023 b 30-09-2024 c 30-09-2025 d 30-09-2022 2 1. What is the primary purpose of an Invoice Management System? a To track inventory levels b To manage customer relationships c To automate and streamline invoice processing d To handle employee payroll 3 1. Which of the following is a benefit of using an Invoice Management System? a Increased manual data entry b Reduced processing time and errors c Higher storage costs d Limited accessibility 4 The due date for issuing a notice under Section 74 of the Income Tax Act, 1961, for the tax period 2018-19would be : a 30-06-2025 b 07-09-2023 c 30-05-2024 d 05-02-2025 5 1. What feature should an ideal Invoice Management System have? a Manual invoice entry b Automated workflows and approvals c Limited user access d No reporting capabilities 6 what is the main advantage of electronic invoicing in an invoice management system? a Increased paper usage b Faster payment processing c Improved data security d Reduced environmental impact 7 As per the latest notification, what is the effective date from which the reduced threshold limit of ₹1 Lakh for reporting supplies to unregistered dealers applies? a 1st July 2024 b 10th July 2024 c 3rd September 2024 d 1st October 2024 8 What is the revised threshold limit for reporting invoice-wise details of inter-state taxable outward supplies made to unregistered dealers in GSTR-1/GSTR-5, as per Notification No. 12/2024 - Central Tax dated 10th July 2024?" a ₹2.5 lakh b ₹1 lakh c ₹5 lakh d 20 lakhs 9 What is IMS ? a Integrated management system b Institute for management studies c Invoice management system d Input managerial system 10 Which records will be part of GSTR-2B generation? a Rejected records b Pending records c Accepted records d No action taken records
