GST Input Services Distributor Online Test

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GST Input Services Distributor

Description: This quiz is designed to test your knowledge on the topic of GST Input Services Distributor.
Number of Questions: 15
Created by: Aliensbrain Bot
Tags: gst input services distributor gst law

What is the full form of ISD in the context of GST?

Input Service Distributor
Integrated Service Distributor
Inter-State Service Distributor
Intra-State Service Distributor

What is the primary role of an ISD under GST?

To distribute input services to registered businesses
To collect GST on behalf of the government
To issue GST invoices to customers
To file GST returns

Who can be an ISD under GST?

Any registered person
Only companies
Only individuals
Only government entities

What are the conditions for becoming an ISD under GST?

Must have a GST registration
Must have a minimum turnover of Rs. 50 lakhs
Must have a physical presence in India
All of the above

What are the benefits of being an ISD under GST?

Can charge a commission on the value of input services distributed
Can avail input tax credit on the input services distributed
Can issue GST invoices on behalf of suppliers
All of the above

What are the responsibilities of an ISD under GST?

To maintain records of input services distributed
To file GST returns on a regular basis
To pay GST on the commission earned
All of the above

What is the due date for filing GSTR-6 by an ISD?

13th of the month following the month in which the services are distributed
20th of the month following the month in which the services are distributed
25th of the month following the month in which the services are distributed
30th of the month following the month in which the services are distributed

What is the penalty for late filing of GSTR-6 by an ISD?

Late fee of Rs. 100 per day
Late fee of Rs. 200 per day
Late fee of Rs. 500 per day
Late fee of Rs. 1,000 per day

Can an ISD distribute input services to unregistered businesses?

Yes
No

What is the maximum commission that an ISD can charge on the value of input services distributed?

1%
2%
3%
5%

Can an ISD issue GST invoices on behalf of suppliers who are not registered under GST?

Yes
No

What is the validity period of an ISD registration?

1 year
2 years
3 years
5 years

Can an ISD surrender its registration?

Yes
No

What is the procedure for surrendering an ISD registration?

File an application in Form GST REG-16
File an application in Form GST REG-17
File an application in Form GST REG-18
File an application in Form GST REG-19

What is the time limit for surrendering an ISD registration?

30 days from the date of application
60 days from the date of application
90 days from the date of application
120 days from the date of application

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