Tax Book 2023

Records and Books Chapter- 04

MULTIPLE CHOICE QUESTIONS

Q.1. Companies which are also registered under the sales tax act are required to submit the copy of
audited accounts__:
(a) Annually.

(b) Semi-annually

(c) Quarterly

(d) Monthly.

Q.2. Tax invoice shall be issued by__:

(a) A registered person

(b) A non-registered person

(c) Person paying retail tax

(d) Both ‘a’ and ‘c’

Q.3. The records and documents which are required to be maintained under Sales Tax Act, shall be
retained for the period of____:

(a) 2 years

(b) 3 years

(c) 5 years

(d) 6 years after the end of relevant tax year.

Q.4 The registered person should maintain the record at his ___.

(a) business premises

(b) registered office

(c) head office

(d) both ‘a’ or ‘b’

Q.5 After sales tax registration, the record of _____ is not necessary to be maintained.

(a) exempt supplies

(b) zero rated supplies

(c) sales to non-registered person

(d) None of the above

Q.6 ____ can specify to the taxpayer, bank accounts which shall be used making or receiving payments
and making payment of tax due.

(a) Central Registration Office

(b) Board

(c) taxpayer

(d) Local Registration Office

Q.7 Records can also be maintained on ___ in such a form and manner as prescribed by the board.

(a) Computer

(b) electronic cash register

(c) none of the above