MCQ ON Tally Prime Set 5

MCQ ON Tally Prime Set 5

GST & Statutory Compliance

41. What does GST stand for?
    a) Goods Simple Tax
    b) Goods and Supply Tax
    c) Goods and Services Tax ✅
    d) General Sales Tax

42. To enable GST in Tally, go to:
    a) F11: Features → Statutory & Taxation ✅
    b) F12
    c) Alt + F3
    d) Gateway of Tally

43. CGST stands for:
    a) Central Goods and Services Tax ✅
    b) Common GST
    c) General GST
    d) Combined GST

44. SGST is applicable for:
    a) Interstate transactions
    b) Imports
    c) Intra-state transactions ✅
    d) Exports

45. Which voucher is used to record GST sales?
    a) Receipt
    b) Payment
    c) Sales Voucher ✅
    d) Journal

46. Which menu in Tally is used for GST reports?
    a) Display → Statutory Reports ✅
    b) Gateway
    c) Features
    d) Accounting Info

47. To apply GST to a ledger, you must:
    a) Enable GST and set tax rate ✅
    b) Create stock item
    c) Enable payroll
    d) Set discount

48. The HSN code is used for:
    a) Items with barcodes
    b) Tax identification ✅
    c) Payroll only
    d) Reorder setup

49. How to view the GSTR-1 report?
    a) Gateway → Display → Statutory Reports → GST → GSTR-1 ✅
    b) Gateway → Reports → GSTR
    c) F11
    d) Alt + G

50. Which key opens the Statutory Info menu?
    a) F11
    b) Alt + S
    c) Alt + G → Statutory Info ✅
    d) Ctrl + G

51. Which option helps view mismatch in GST returns?
    a) Trial Balance
    b) Reconciliation ✅
    c) GST Settings
    d) Features

52. Is GST automatically calculated in Tally after enabling?
    a) No
    b) Yes ✅
    c) Only after stock entry
    d) Only for exports

53. Which of the following is not a component of GST?
    a) CGST
    b) SGST
    c) IGST
    d) VAT ✅

54. How is IGST applied?
    a) Within state
    b) On international deals
    c) Between states ✅
    d) Not applicable in Tally

55. Can you file GSTR from Tally directly?
    a) No
    b) Yes, via JSON export ✅
    c) Only manually
    d) Yes, via PDF

56. What is the purpose of e-Way Bill generation in Tally?
    a) Payroll
    b) Document logistics movement ✅
    c) Reconcile Bank
    d) Ledger mapping

57. Can GST be configured for multiple stock items?
    a) No
    b) Yes ✅
    c) Only one at a time
    d) Only manually

58. Tax Ledgers for GST are created under which group?
    a) Duties & Taxes ✅
    b) Indirect Expenses
    c) Sales Accounts
    d) Miscellaneous

59. Tally shows GST liability in which report?
    a) Day Book
    b) Trial Balance
    c) GSTR-3B ✅
    d) Receivables

60. To view tax computation, go to:
    a) GSTR-1
    b) GSTR-2
    c) GSTR-3B → Tax Liability ✅
    d) Payroll Report