

McqMate
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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