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 |