Sales Tax and Federal Excise Duty Basic Concept Test Online

Sales Tax and Federal Excise Duty Basic Concept Test Online

Sales Tax and Federal Excise Duty Basic Concept Test

Total Questions: 46
Time Allowed: 20 Minutes
Total Marks: 46
How to Attempt Test: Please choose the right Option in MCQ-type question.
Test Helpful For: FBR Sub Inspector Test
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Preparation for Customs and Tax Related Questions

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1. Which of the following taxes is typically exempt from federal excise duty in Pakistan?

2. Which of the following is a key feature of the Federal Excise Act, 2005?

3. How are goods that are not subject to sales tax categorized in Pakistan?

4. Which of the following is a primary objective of the federal excise duty in Pakistan?

5. What does the term "exempt supplies" mean in the context of sales tax?

6. Which of the following is an essential document for sales tax registration in Pakistan?

7. Which of the following is NOT subject to sales tax in Pakistan?

8. How does Pakistan's Sales Tax Act define the term 'supply'?

9. How often must registered businesses submit their sales tax returns in Pakistan?

10. What is the purpose of the Sales Tax Refund System in Pakistan?

11. What does the term 'taxable event' refer to in the context of sales tax in Pakistan?

12. What is the role of the provincial tax authorities in relation to sales tax in Pakistan?

13. What happens when a taxpayer fails to submit their sales tax returns on time in Pakistan?

14. What is the procedure for registering for sales tax in Pakistan?

15. Which of the following taxes is designed to discourage the consumption of harmful goods like tobacco and alcohol?

16. What is the process for registering for federal excise duty in Pakistan?

17. How does the Federal Board of Revenue (FBR) assist in the implementation of sales tax in Pakistan?

18. What does the term "input tax credit" mean in the context of sales tax?

19. What is the purpose of federal excise duty?

20. What is the main function of the Sales Tax Act, 1990?

21. Which of the following entities is eligible for sales tax refund in Pakistan?

22. Which of the following types of sales is exempt from sales tax in Pakistan?

23. What is the role of the FBR in implementing sales tax and federal excise duty?

24. Which of the following is an example of goods subject to federal excise duty?

25. Which of the following is NOT considered taxable under the Sales Tax Act, 1990 in Pakistan?


 

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