GST Invoices: Format and Preparation
8 minFull explanation, worked examples & memory tricks in the app
Kit Library / Commerce / Taxation
⚡ Topic Learning KitGST Invoicing 4.6
English 15 leveled MCQs Free
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All 15 questions, laddered from warm-up to topper-level, each with its answer and the reasoning behind it.
Warm-up · 9 questions
Q1. Under which section of the CGST Act, 2017 is a registered supplier required to issue a tax invoice?
Beginner
A
Section 46
B
Section 18
C
Section 53
D
Section 31
Show the answer
D · Section 31
Section 31 of the CGST Act, 2017 mandates that every registered supplier must issue a tax invoice for supplies made.
Q2. For supply of services, within how many days must a tax invoice be issued?
Beginner
A
30 days
B
15 days
C
60 days
D
45 days
Show the answer
A · 30 days
As per the source, for services, the invoice must be issued within 30 days (or 45 days for financial services).
Q3. Who issues a bill of supply?
Beginner
A
Composition dealers or for exempt supplies
B
Regular registered taxpayers for taxable goods
C
Goods Transport Agencies
D
Input Service Distributors
Show the answer
A · Composition dealers or for exempt supplies
A bill of supply is issued by composition dealers or for exempt supplies, and no GST is charged on it.
Q4. Which document is issued for advance payments received before supply?
Beginner
A
Credit Note
B
Refund Voucher
C
Receipt Voucher
D
Tax Invoice
Show the answer
C · Receipt Voucher
A receipt voucher is issued for advance payments received before the supply is made.
Q5. How many copies of a tax invoice are typically issued for goods?
Beginner
A
Three
B
Two
C
One
D
Four
Show the answer
A · Three
For goods, invoices are issued in triplicate: Original for Recipient, Duplicate for Transporter, and Triplicate for Supplier.
Q6. For services, a tax invoice is issued in:
Beginner
A
Triplicate
B
Quadruplicate
C
Duplicate
D
Single copy
Show the answer
C · Duplicate
For services, invoices are issued in duplicate: Original and Duplicate.
Q7. Which document is used for downward revision in taxable value or tax amount after an invoice is issued?
Beginner
A
Debit Note
B
Credit Note
C
Refund Voucher
D
Revised Invoice
Show the answer
B · Credit Note
A credit note is used for downward revision in taxable value or tax amount.
Q8. A tax invoice can be issued by a composition dealer for taxable supplies.
Beginner
A
True
B
False
Show the answer
B · False
Composition dealers issue a bill of supply, not a tax invoice, for their supplies.
Q9. E-invoicing is mandatory for B2B invoices if the turnover threshold is crossed.
Beginner
A
True
B
False
Show the answer
A · True
As per the source, e-invoicing is mandatory for B2B invoices for businesses with turnover over Rs 5 crore.
Building up · 5 questions
Q10. Which of the following is NOT a mandatory component of a GST invoice under Rule 46?
Intermediate
A
Consecutive serial number unique for the financial year
B
Name, address and GSTIN of the supplier
C
Name and address of the recipient's bank
D
HSN/SAC codes
Show the answer
C · Name and address of the recipient's bank
Rule 46 mandates supplier details, serial number, HSN/SAC, etc., but the recipient's bank details are not listed as mandatory.
Q11. In case of goods supplied on approval, by when must the invoice be issued?
Intermediate
A
Within 30 days of sending goods
B
At the time of sending goods
C
Before actual sale or within 6 months
D
Within 1 month of approval
Show the answer
C · Before actual sale or within 6 months
For supply on approval, the invoice must be issued before actual sale or within 6 months, as per the source.
Q12. What is the turnover threshold for mandatory e-invoicing under GST?
Intermediate
A
Rs 1 crore
B
Rs 20 crore
C
Rs 5 crore
D
Rs 10 crore
Show the answer
C · Rs 5 crore
As per the source, businesses with turnover over Rs 5 crore must issue e-invoices by generating an IRN.
Q13. What is the time limit for issuing revised tax invoices after obtaining GSTIN when registration is backdated?
Intermediate
A
6 months from registration
B
15 days from registration
C
2 months from registration
D
1 month from registration
Show the answer
D · 1 month from registration
As per Rule 53, revised tax invoices must be issued within 1 month from the date of registration.
Q14. Which of the following is true about invoicing before GST registration?
Intermediate
A
No invoice can be issued before registration
B
A provisional commercial invoice can be issued without GST
C
GST can be charged retroactively after registration
D
A tax invoice can be issued without GSTIN
Show the answer
B · A provisional commercial invoice can be issued without GST
Before registration, a business can issue a provisional commercial invoice without charging GST, but cannot charge GST retroactively.
Topper level · 1 questions
Q15. For Input Tax Credit on purchases made prior to registration, what is the time limit under Section 18(1)(a)?
Advanced
A
60 days before the date of application
B
90 days before the date of application
C
6 months before the date of application
D
30 days before the date of application
Show the answer
D · 30 days before the date of application
Section 18(1)(a) allows ITC on purchases made up to 30 days before the date of application for registration.
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