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120+ Indirect Tax Solved MCQs

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Management Studies (BMS) .

51.

Integrated Goods and Services Tax Act is applicable to

A. all the states
B. all the union territories
C. the whole of india
D. all the states except jammu and kashmir
Answer» C. the whole of india
52.

Where location of the supplier and the place of supply are in two different Union territories

A. cgst plus utgst is applicable
B. igst is applicable
C. sgst plus utgst is applicable
D. cgst plus igst is applicable
Answer» B. igst is applicable
53.

The managers of ITC Ltd., Kolkata (not registered under GST) are given one week trainning in Munnar, by Infosys Ltd. Bangalore, for a sum of Rs. 10 Lakhs. Payment given at Mumbai.The place of supply of service is

A. mumbai
B. kolkata
C. munnar
D. bangalore
Answer» A. mumbai
54.

The Central Goods and Services Tax is levied under

A. section 9 of the cgst act
B. section 10 cgst act
C. section 8 of the igst act
D. section 2 of the sgst act
Answer» A. section 9 of the cgst act
55.

GST number does not include

A. pan
B. state code
C. aadhaar number
D. alphabet z
Answer» C. aadhaar number
56.

GSTR-2A is autogenerated from

A. gstr 3
B. gstr 2
C. gstr 2a
D. gstr1
Answer» D. gstr1
57.

GSTR-6A is meant for

A. gst dealers
B. composition scheme taxpayers
C. ecommerce operators
D. input service distributor
Answer» D. input service distributor
58.

The proper officer may assess the tax liability on the basis of available information, evidences which is called

A. best judgement assessment
B. provisional assessment
C. self assessment
D. protective assessment
Answer» A. best judgement assessment
59.

GST council meeting is convened

A. every week
B. every month
C. every 3 months
D. any time as required
Answer» C. every 3 months
60.

GST is levied on supply all goods and services except ___________________.

A. computer
B. Machinery
C. Alcoholic Liquor for human consumption
D. Gold & Silver
Answer» C. Alcoholic Liquor for human consumption
61.

Gst is leviable on Petrol from ____________.

A. 1/07/2017
B. will not levied at all
C. GST will be levied from a date notify by GST Council
D. 1/04/2018
Answer» C. GST will be levied from a date notify by GST Council
62.

List I of the constitution contains matters in respect of which _______ has the exclusive power make law.

A. Central Govt
B. State Govt
C. Union Govt
D. Central & State Govt.
Answer» D. Central & State Govt.
63.

___________ Act have been subsumed in GST.

A. Central Exercise
B. Property Tax
C. IGST
D. Income Tax
Answer» A. Central Exercise
64.

_______________ is Indirect Tax.

A. Wealth
B. Estate Duty
C. IGST
D. Income Tax
Answer» C. IGST
65.

CGST _______________.

A. Central Goods and Service Tax
B. State List
C. Concurrent List
D. Union List
Answer» A. Central Goods and Service Tax
66.

List II _____________.

A. Sin Goods
B. Union Territory Goods and Service Tax
C. State List
D. Sin Goods
Answer» C. State List
67.

IGST _____________.

A. Concurrent List
B. Integrated Goods & Service Tax
C. State List
D. Concurrent List
Answer» B. Integrated Goods & Service Tax
68.

List III ___________________.

A. Central Goods and Service Tax
B. Concurrent List
C. State List
D. Union List
Answer» B. Concurrent List
69.

Cess ______________.

A. Sin Goods
B. Integrated goods & Service Tax
C. State goods & Service Tax
D. Union List
Answer» A. Sin Goods
70.

UTGST ____________.

A. Union List
B. Union Territory goods & Service Tax
C. State List
D. Concurrent List
Answer» B. Union Territory goods & Service Tax
71.

SGST __________.

A. State Goods & Service Tax
B. Central Goods & Service Tax
C. Sin Goods
D. Concurrent List
Answer» A. State Goods & Service Tax
72.

List I ____________.

A. State List
B. Union List
C. Concurrent List
D. Central Goods & Service tax
Answer» B. Union List
73.

Taxes in India are levied by _______________.

A. Constitution of India
B. CBEC
C. CBDT
D. Parliament of India
Answer» A. Constitution of India
74.

GST is a ______________ based Tax.

A. Destination
B. Manufacturing
C. Services
D. Entry Tax.
Answer» A. Destination
75.

Import under GST will be considered as ______________.

A. Intra State Sale
B. inter State Sale
C. Sourced Based
D. Destination based
Answer» B. inter State Sale
76.

GST is levied on supply of all goods or services or both except supply of _______________

A. Sin goods
B. Cigarettes
C. Alcoholic liquor for human consumption
D. Pan Masala
Answer» C. Alcoholic liquor for human consumption
77.

On _________, the constitution (122nd Amendment) bill, 2014 was passed by Rajya Sabah with certain amendments.

A. July 30,2016
B. August 3, 2016
C. August 16, 2016
D. August 1 ,2016
Answer» B. August 3, 2016
78.

GST has been made applicable by ________ number of countries across the globe.

A. 150
B. 125
C. 140
D. 141
Answer» C. 140
79.

GST is ________ Level Tax.

A. State
B. National
C. State and National
D. International
Answer» C. State and National
80.

The constitution Amendment Bill was adopted on _____________ by majority of state Legislatures wherein approval of at least 50% of the state assemblies was required________.

A. August, 2016
B. September, 2016
C. October, 2016
D. December, 2016
Answer» B. September, 2016
81.

Supply include which of the following___________.

A. Service
B. Goods
C. Goods & Services
D. Goods and or Services
Answer» C. Goods & Services
82.

What is IGST __________.

A. Integrated Goods and Service Tax
B. Indian Goods and Service Tax
C. Initial Goods & Service Tax
D. International Goods & Service Tax.
Answer» A. Integrated Goods and Service Tax
83.

India ____________.

A. Trust
B. Territorial Water up to 200 national miles
C. Recipient
D. Consideration.
Answer» B. Territorial Water up to 200 national miles
84.

Money ___________.

A. Not subject to GST
B. Money Order
C. Profit Motive irrelevant
D. Exchange of goods against goods
Answer» B. Money Order
85.

Amazon ____________.

A. Electronic Commerce Operator
B. Exchange of goods against goods
C. Trust
D. Profit Motive Irrelevant
Answer» A. Electronic Commerce Operator
86.

Person _____________.

A. Territorial Water up to 200 national miles
B. Money order
C. TRUST
D. Recipient
Answer» C. TRUST
87.

Admission in exhibition on Donor card ___________.

A. Electronic Commerce Operator
B. Profit Motive Irrelevant
C. Consideration
D. Not subject to GST
Answer» C. Consideration
88.

Business ___________

A. Profit Motive Irrelevant
B. Exchange of goods against goods
C. Not subject to GST
D. Trust
Answer» A. Profit Motive Irrelevant
89.

Sovereign activities _______________-

A. Money order
B. Electronic Operator
C. Not Suitable to GST
D. Consideration
Answer» C. Not Suitable to GST
90.

Barter ____________

A. Exchange of goods against goods
B. Profit Motive
C. Trust
D. Electronic Commerce Operator
Answer» A. Exchange of goods against goods
91.

Swiggy ___________________.

A. Exchange of goods against goods
B. Trust
C. Electronic Commerce Operator
D. Recipient
Answer» C. Electronic Commerce Operator
92.

Section 2 (93) of CGST Act ____________

A. Recipient
B. Consideration
C. Territorial water up to 200 national miles
D. Money order
Answer» A. Recipient
93.

Goods ______________.

A. 2(105) of CGST Act
B. 2(52) of CGST Act
C. 2(56) of CGST Act
D. 2 (93) of CGST Act
Answer» B. 2(52) of CGST Act
94.

Services ______________.

A. 2 (31) of CGST Act
B. 2(17) of CGST Act
C. 2(84) of CGST Act
D. 2 (102) of CGST Act
Answer» D. 2 (102) of CGST Act
95.

Money ____________-

A. 5(58) of CGST Act
B. 2(75) of CGST Act
C. 2(107) of CGST Act
D. 2(17) of CST Act
Answer» B. 2(75) of CGST Act
96.

Securities ____________.

A. 2(45) of CGST Act
B. 2(107) of CGST Act
C. 2(31) CGST Act
D. 2 (101) of SCRA Act
Answer» D. 2 (101) of SCRA Act
97.

India _________________.

A. 2(84) of GCST Act
B. 2(56) of CGST Act
C. 2 (84) of CGST Act
D. 2 (75) of CGST Act
Answer» B. 2(56) of CGST Act
98.

Persons _____________.

A. 2(56) of CGST act
B. 2(84) of CGST ACT
C. 2(17) of CGST Act
D. 2(93) of CGST Act
Answer» B. 2(84) of CGST ACT
99.

Taxable Persons ________.

A. 2(107) of CGST Act
B. 2(17) of CGST Act
C. 2 (45) of CGST Act
D. 2(31) of CGST Act
Answer» A. 2(107) of CGST Act
100.

Business ___________.

A. 2(105) of CGST Act
B. 2(17) of CGST Act
C. 2(31) of CGST Act
D. 2(107) of CGST Act
Answer» B. 2(17) of CGST Act

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