| 1. |
The concept of Goods and Services Tax (GST) is originated in……….. |
| A. | Canada |
| B. | USA |
| C. | Britain |
| D. | Germany |
| Answer» A. Canada | |
| 2. |
Which of the following is statement is not correct about GST? |
| A. | GST is like a last-point retail tax. GST is going to be collected at point of Sale. |
| B. | GST will abolish all the direct tax levied in India . |
| C. | It will be implemented from 1 July, 2017 throughout the country. |
| D. | It will unified the tax structure in India |
| Answer» B. GST will abolish all the direct tax levied in India . | |
| 3. |
Which of the following tax will be abolished by the GST? |
| A. | Service Tax |
| B. | Corporation tax |
| C. | Income Tax |
| D. | Wealth Ta |
| Answer» A. Service Tax | |
| 4. |
Which of the following tax rate is not applicable under the GST? |
| A. | 5 |
| B. | 12 |
| C. | 18 |
| D. | 25 |
| Answer» D. 25 | |
| 5. |
GST will be levied on………………... |
| A. | Manufacturers |
| B. | Retailers |
| C. | Consumers |
| D. | All of the above |
| Answer» D. All of the above | |
| 6. |
What kind of Tax is GST? |
| A. | Direct Tax |
| B. | Indirect Tax |
| C. | Depends on the type of goods and services |
| D. | None of the above |
| Answer» B. Indirect Tax | |
| 7. |
Who is the head of the GST council? |
| A. | Shashi Kant Das |
| B. | Amit Mitra |
| C. | Arun Jaitley |
| D. | Hasmukh Adhia |
| Answer» C. Arun Jaitley | |
| 8. |
Which constitutional amendment is done to pass the GST bill? |
| A. | 101st |
| B. | 120th |
| C. | 122nd |
| D. | 115th |
| Answer» A. 101st | |
| 9. |
Which of the following good will not be covered under the GST bill? |
| A. | Cooking gas |
| B. | Liquor |
| C. | Petrol |
| D. | All of the above |
| Answer» D. All of the above | |
| 10. |
Which of the following is the main motive of the government behind the introduction of the Goods and Services Tax |
| A. | To bring tax uniformity in the country |
| B. | To increase government revenue |
| C. | To replace all the indirect tax |
| D. | All of the above |
| Answer» B. To increase government revenue | |
| 11. |
GST stands for |
| A. | Goods and Service Tax |
| B. | Goods and Supply Tax |
| C. | Government Service Tax |
| D. | General Sales Tax |
| Answer» A. Goods and Service Tax | |
| 12. |
In India GST became effective from_________________ |
| A. | 1st April,2017 |
| B. | 1st January,2017 |
| C. | 1st July,2017 |
| D. | 1st March,2017 |
| Answer» C. 1st July,2017 | |
| 13. |
India has got____________ mode of GST. |
| A. | Singular |
| B. | Dual |
| C. | all |
| D. | none |
| Answer» B. Dual | |
| 14. |
GST is a ____________________ based tax on consumption of goods and services. |
| A. | Destination |
| B. | Duration |
| C. | Destiny |
| D. | Development |
| Answer» A. Destination | |
| 15. |
What does “I” stand for in IGST? |
| A. | Integrated |
| B. | International |
| C. | Intra |
| D. | Internal |
| Answer» A. Integrated | |
| 16. |
How many types of taxes are there in India GST? |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 5 |
| Answer» B. 3 | |
| 17. |
First announcement for introduction of GST arose in |
| A. | 2004 |
| B. | 2005 |
| C. | 2006 |
| D. | 2007 |
| Answer» C. 2006 | |
| 18. |
What are the taxes levied on intra-state supply of goods? |
| A. | CGST |
| B. | SGST |
| C. | CGST and SGST |
| D. | IGST |
| Answer» C. CGST and SGST | |
| 19. |
What type of tax will be levied on import of goods? |
| A. | CGST |
| B. | SGST |
| C. | CGST and SGST |
| D. | IGST |
| Answer» D. IGST | |
| 20. |
HSN code stand for |
| A. | Harmonised System of Nomenclature |
| B. | Home State Number |
| C. | Host State Number |
| D. | Hall State Number |
| Answer» A. Harmonised System of Nomenclature | |
| 21. |
India has chosen dual mode of GST same as ____________. |
| A. | USA |
| B. | UK |
| C. | CANADA |
| D. | CHINA |
| Answer» C. CANADA | |
| 22. |
India GST model has ____________ rate structure. |
| A. | 3 |
| B. | 2 |
| C. | 5 |
| D. | 4 |
| Answer» D. 4 | |
| 23. |
SAC stand for ____________. |
| A. | Service Accounting Code |
| B. | Software Accounting Code |
| C. | System Accounting Code |
| D. | Service Application Code |
| Answer» A. Service Accounting Code | |
| 24. |
Can a person apply for pan without registration? |
| A. | YES |
| B. | NO |
| C. | none |
| D. | all |
| Answer» B. NO | |
| 25. |
IGST is payable when the supply is --- |
| A. | Interstate |
| B. | Intra-state |
| C. | Intra- UT |
| D. | All of the above |
| Answer» A. Interstate | |