Refunds – Test 1

Which section governs the provisions regarding refund in GST?

Can a person also claim refund if he has paid excess tax by mistake?

Refund will not be allowed in case of ———-

Which among the following are zero rated supplies?

Refund claim of an exporter of goods shall be processed by —–

The time limit available to proper officer to pass final order after accepting the refund application is ——–

The SEZ developer or SEZ unit exporting goods and / or services shall not be eligible to claim refund of IGST paid by the registered taxable person on such supply. Is this statement ——-

A SEZ developer or SEZ unit shall not be eligible to claim refund of taxes in respect of its inward supplies. Is this statement ———

Interest on delayed refunds (Section 56)Interest on refund amount is required to be paid after expiry of ……… from the date of receipt of the application

What is the rate of interest to be payable in case of delay in sanctioning the refund claimed?

Whether a manufacture of fabrics will be eligible for refund of unutilized input tax credit of GST paid on inputs [other than the input tax credit of GST paid on capital good] in respect of fabrics manufactured and exported by him [i.e., exporter of fabric].

The time limit for filing refund claim is ——— from the relevant date.

The process of claiming refund is fully electronic due to the existence of GSTN. Comment.

————will be treated as application for refund in case of IGST paid on goods exported.

Is there any provision of provisional payment of refund in case of exports or not?

Which of the following conditions needs to be complied with in case of export of services?

What is the minimum limit of refund claim needed to be admitted in GST portal?

Rule ———-of CGST rules is in respect of refunds in case of exports.

Comment: Merchant exporter cannot pay IGST on exported goods & claim refund of IGST, if supplier has supplied goods on concessional tax rates.

The interest shall be payable @ ———-for withholding the refund amount.

What is the full form of EPCG?

Refund amount is credited to ———-, if the amount is refundable and to———–, if the amount is not refundable.

Which of the following statement is incorrect?

Drawback in relation to any goods manufactured in India and exported, means the rebate of duty, tax or cess chargeable on any———- inputs or on any domestic inputs or input services used in the manufacture of such goods.

Which of the following options is not available to exporters :

What is the full form of LUT?

Order sanctioning the amount of refund due to the said applicant on a provisional basis shall be made within ——–from the date of the acknowledgement.

Refunds would be allowed on a provisional basis in case of refund claims on account of zero rated supplies of goods and / or services made by registered persons. At what percentage, would such provisional refunds be granted?

In case of IGST, 50% will be credited to Central Consumer Fund and balance 50% to State Consumer Welfare Fund. Validate.

Deemed exports are covered in ——–