McqMate
Chapters
1. |
GST Stands for |
A. | Goods and Supply Tax |
B. | Government Sales Tax |
C. | Goods and Services Tax |
D. | Good and Simple Tax |
Answer» C. Goods and Services Tax |
2. |
GST is levied in India on the basis of Principle. |
A. | Origin |
B. | Destination |
C. | Either a or b |
D. | Both a or b |
Answer» B. Destination |
3. |
The main objective of GST implementation is . |
A. | To consolidate multiple indirect tax levies into single tax |
B. | Overcoming limitation of existing indirect tax structure |
C. | Creating efficiencies in tax administration |
D. | All of above |
Answer» D. All of above |
4. |
Which of the following is not a bill passed by parliament for the implementation of GST in India? |
A. | The Central GST Act, 2017 |
B. | The State GST Act, 2017 |
C. | The Integrated GST Act, 2017 |
D. | None of above |
Answer» B. The State GST Act, 2017 |
5. |
Petroleum products have been temporarily been kept out of GST. |
A. | One |
B. | Two |
C. | Three |
D. | Five |
Answer» D. Five |
6. |
In India, GST structure is in nature. |
A. | Single |
B. | Dual |
C. | Triple |
D. | (a) & (b) both |
Answer» B. Dual |
7. |
GST is not levied on which of the following ? |
A. | Alcoholic Liquor for Human Consumption |
B. | Five Petroleum Products |
C. | Immovable Property |
D. | All of above |
Answer» D. All of above |
8. |
GST is not levied on which of the following ? |
A. | Motor Spirit |
B. | High speed diesel |
C. | Natural gas |
D. | All of above |
Answer» D. All of above |
9. |
is levied on Intra-State Supply of goods and/or Services. |
A. | CGST |
B. | SGST |
C. | IGST |
D. | Both a & b |
Answer» D. Both a & b |
10. |
is levied on Inter State Supply of Goods and/or Services. |
A. | CGST |
B. | SGST |
C. | IGST |
D. | Both a & b |
Answer» C. IGST |
11. |
is levied on Intra State Supply of Goods and/or Services in Union Territory. |
A. | SGST |
B. | IGST |
C. | UTGST |
D. | GST is not levied |
Answer» C. UTGST |
12. |
Goods and Services Tax is a tax levied on goods and services imposed at each point of . |
A. | Sale |
B. | Service |
C. | Supply |
D. | Manufacturing |
Answer» C. Supply |
13. |
GST is a national level tax based on . |
A. | First point tax principle |
B. | Value Added principle |
C. | Last point tax principle |
D. | All of the above |
Answer» B. Value Added principle |
14. |
The following tax has been subsumed into Central GST. |
A. | Central Sales Tax |
B. | Custom Duty |
C. | Service Tax |
D. | All of the above |
Answer» D. All of the above |
15. |
GST was introduced in India on |
A. | 1-4-2017 |
B. | 1-5-2017 |
C. | 1-6-2017 |
D. | 1-7-2017 |
Answer» D. 1-7-2017 |
16. |
Indian GST model has tier rate structure. |
A. | 3 |
B. | 4 |
C. | 5 |
D. | 6 |
Answer» B. 4 |
17. |
What does ‘I’ stands for in IGST? |
A. | International |
B. | Internal |
C. | Integrated |
D. | Intra |
Answer» C. Integrated |
18. |
Which of the following tax is not subsumed in GST ? |
A. | VAT |
B. | Stamp Duty |
C. | Entry Tax |
D. | Entertainment Tax |
Answer» B. Stamp Duty |
19. |
HSN Code Stands for |
A. | Home Shopping Network |
B. | Harmonised System of Nomenclature |
C. | Harmonised System Number |
D. | Home State Number |
Answer» B. Harmonised System of Nomenclature |
20. |
Alcoholic liquor for Human Consumption is subject to - |
A. | CGST |
B. | SGST |
C. | IGST |
D. | None of the above |
Answer» D. None of the above |
21. |
Five petroleum products viz. petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel have been kept out of GST . |
A. | Permanently |
B. | Temporarily |
C. | For one year |
D. | None of the above |
Answer» B. Temporarily |
22. |
The items which will be taxable both under Central Excise Law and the GST even after the implementation of the GST Act. |
A. | Motor spirit |
B. | Tobacco and Tobacco Products |
C. | Alcoholic liquor for human consumption |
D. | Natural Gas |
Answer» B. Tobacco and Tobacco Products |
23. |
On Petroleum Crude, High Speed Diesel, Motor Spirit (commonly known as Petrol), Natural Gas, and Aviation Turbine Fuel: |
A. | GST will never be levied at all |
B. | GST will be levied from a date to be notified on the recommendations of the GST Council |
C. | GST will be levied, but it will be exempt |
D. | None of the above |
Answer» B. GST will be levied from a date to be notified on the recommendations of the GST Council |
24. |
Supply of the following is not liable to GST . |
A. | Alcoholic liquor for industrial consumption |
B. | Alcoholic liquor for medicinal consumption |
C. | Alcoholic liquor for human consumption |
D. | Alcoholic liquor for animal consumption |
Answer» C. Alcoholic liquor for human consumption |
25. |
GST is a comprehensive tax regime covering . |
A. | Good |
B. | Services |
C. | Both goods and services |
D. | None of the above |
Answer» C. Both goods and services |
26. |
Which of the following taxes have been subsumed under GST ? (1) Central Excise Duty (2) Service Tax (3) VAT (4) Luxury Tax Select the correct answer from the options given below |
A. | (1) & (2) etc. |
B. | (3), (1) & (2) |
C. | All of the above |
D. | None of the above |
Answer» C. All of the above |
27. |
GST is a comprehensive tax regime covering . |
A. | Good |
B. | Services |
C. | Both goods and services |
D. | Goods, services and imports |
Answer» C. Both goods and services |
28. |
Goods and Services Tax is a tax levied on goods and services imposed at each point of |
A. | Demand |
B. | Cash sale |
C. | Supply |
D. | Manufacturing |
Answer» C. Supply |
29. |
The CGST Act, 2017 extends to |
A. | Whole of India excluding the State of Jammu & Kashmir |
B. | Whole of India |
C. | Whole of India excluding the State of Jammu & Kashmir and Union territories |
D. | Whole of India excluding the State of Jammu & Kashmir but including Union territories |
Answer» B. Whole of India |
30. |
P Ltd. has a contract with X Ltd. to provide book keeping services to Q Ltd. Q Ltd. is a subsidiary of P Ltd. The liability to discharge consideration for such book keeping service is of P Ltd. As per the CGST Act, 2017, who will be the recipient of the above service? |
A. | P Ltd. |
B. | Q Ltd. |
C. | X L |
D. | (d) Both (a) and (b) |
Answer» A. P Ltd. |
31. |
The definition of goods under section 2(52) of the CGST Act does not include- |
A. | Gras |
B. | Money and securities |
C. | Actionable claims |
D. | Growing crops |
Answer» B. Money and securities |
32. |
is not included in the term “Goods” under GST Law: |
A. | Movable Property |
B. | Actionable Claim |
C. | Securities |
D. | Growing Crops |
Answer» C. Securities |
33. |
Which of the following is not covered under the term “Goods” under GST ? |
A. | Money |
B. | Actionable Claim |
C. | Securities |
D. | Both (a) & (c) |
Answer» D. Both (a) & (c) |
34. |
As per the CGST Act, 2017, "business" includes : (i) Adventure not for a pecuniary benefit (ii) Any activity or transaction undertaken by the Central Government, a State Government or any local authority in which they are engaged as public authorities. |
A. | (ii) only |
B. | Both (i) and (ii) |
C. | Neither (i) nor (ii) |
D. | (i) only |
Answer» B. Both (i) and (ii) |
35. |
Which of the following can be treated as "goods" under the CGST Act, 2017 ?
|
A. | ✔✕✔ |
B. | ✕✔✔ |
C. | ✕✔✕ |
D. | ✔✕✕ |
Answer» A. ✔✕✔ |
36. |
Securities are excluded from the definition of . |
A. | Good |
B. | Services |
C. | Both (a) and (b) |
D. | Neither (a) nor (b) |
Answer» C. Both (a) and (b) |
37. |
Money is . |
A. | Specifically included in the definition of goods |
B. | Specifically included in the definition of services |
C. | Specifically excluded from the definition of goods as well as services |
D. | None of the above |
Answer» C. Specifically excluded from the definition of goods as well as services |
38. |
Actionable Claims are . |
A. | Specifically included in the definition of goods |
B. | Specifically included in the definition of services |
C. | Specifically excluded from the definition of goods as well as services |
D. | Specifically excluded from the definition of goods only |
Answer» A. Specifically included in the definition of goods |
39. |
Which of the following is a non–taxable supply under the CGST Act, 2017 ? |
A. | Supply of goods not leviable to tax under the CGST Act, 2017 |
B. | Supply of services not leviable to tax under the CGST Act, 2017 |
C. | Supply which is neither a supply of good nor a supply of service. |
D. | Both (a) and (b) |
Answer» D. Both (a) and (b) |
40. |
What are different types of supplies covered under the scope of supply? |
A. | Supplies made with consideration |
B. | Supplies made without consideration |
C. | Both of the above |
D. | None of the above |
Answer» C. Both of the above |
41. |
The activities to be treated as supply of goods or supply of services as referred to in of CGST Act, 2017. |
A. | Schedule I of CGST Act |
B. | Schedule II of CGST Act |
C. | Schedule III of CGST Act |
D. | Section 7 |
Answer» B. Schedule II of CGST Act |
42. |
Which of the following taxes will be levied on Imports? |
A. | CGST |
B. | SGST |
C. | IGST |
D. | None of the above |
Answer» C. IGST |
43. |
Which of the following is not a supply as per section 7 of the CGST Act ? |
A. | Management consultancy services not in course or furtherance of business |
B. | Import of service for consideration not in course or furtherance of business |
C. | Both (a) and (b) |
D. | None of the above |
Answer» A. Management consultancy services not in course or furtherance of business |
44. |
specifies the activities to be treated as supply even if made without Consideration |
A. | Schedule I of CGST Act |
B. | Schedule II of CGST Act |
C. | Schedule III of CGST Act |
D. | All of the above |
Answer» A. Schedule I of CGST Act |
45. |
Which of the following activity is outside the scope of supply and not taxable under GST? |
A. | Services by an employee to the employer in the course of or in relation to his employment |
B. | Services of funeral |
C. | Actionable claims, other than lottery, betting and gambling. |
D. | All of the above |
Answer» D. All of the above |
46. |
Which of the following activities is a supply of services? |
A. | Transfer of right in goods/ undivided share in goods without transfer of title in goods |
B. | Transfer of title in goods |
C. | Transfer of title in goods under an agreement which stipulates that property shall pass at a future date |
D. | All of the above |
Answer» A. Transfer of right in goods/ undivided share in goods without transfer of title in goods |
47. |
Supply includes import of services for a consideration . |
A. | Only if in the course or furtherance of business |
B. | Only if not in the course or furtherance of business |
C. | Whether or not in the course or furtherance of business |
D. | None of the above |
Answer» C. Whether or not in the course or furtherance of business |
48. |
specifies the activities which are neither to be treated as supply of goods nor a supply of services. |
A. | Schedule I of CGST Act |
B. | Schedule II of CGST Act |
C. | Schedule III of CGST Act |
D. | All of the above |
Answer» C. Schedule III of CGST Act |
49. |
Activities or transactions undertaken by the Central Government, a State Government or any local authority in which they are engaged as public authorities, as may be notified by the Government on the recommendations of the Council, shall treated as . |
A. | Supply of good |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» C. Neither as a supply of goods nor a supply of services |
50. |
Transfer of the title in goods shall be considered as . |
A. | Supply of good |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» A. Supply of good |
51. |
Transfer of right in goods or of undivided share in goods without the transfer of title thereof shall be considered as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» B. Supply of services |
52. |
Transfer of title in goods under an agreement which stipulates that property in goods shall pass at a future date upon payment of full consideration as agreed shall be considered as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» A. Supply of goods |
53. |
Lease, tenancy, easement, licence to occupy land shall be considered as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» B. Supply of services |
54. |
Lease or letting out of the building including a commercial, industrial or residential complex for business or commerce, either wholly or partly shall be treated as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» B. Supply of services |
55. |
Any treatment or process which is applied to another person’s goods shall be treated as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» B. Supply of services |
56. |
Where goods forming part of the assets of a business are transferred or disposed of by or under the directions of the person carrying on the business so as no longer to form part of those assets, whether or not for a consideration, such transfer or disposal is a by the person. |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» A. Supply of goods |
57. |
Where, by or under the direction of a person carrying on a business, goods held or used for the purposes of the business are put to any private use or are used, or made available to any person for use, for any purpose other than a purpose of the business, whether or not for a consideration, the usage or making available of such goods is a . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» B. Supply of services |
58. |
Renting of immovable property is . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» B. Supply of services |
59. |
Construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier, shall be treated as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» B. Supply of services |
60. |
Temporary transfer or permitting the use or enjoyment of any intellectual property right shall be treated as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» B. Supply of services |
61. |
Development, design, programming, customisation, adaptation, upgradation, enhancement, implementation of information technology software shall be treated as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» B. Supply of services |
62. |
Agreeing to the obligation to refrain from an act, or to tolerate an act or a situation, or to do an act is . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» B. Supply of services |
63. |
Transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration shall be treated as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» B. Supply of services |
64. |
Works contract as defined in section 2 (119) shall be treated as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» B. Supply of services |
65. |
Supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or any drink (other than alcoholic liquor for human consumption), where such supply or service is for cash, deferred payment or other valuable consideration is . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» B. Supply of services |
66. |
Supply of goods by any unincorporated association or body of persons to a member thereof for cash, deferred payment or other valuable consideration shall be treated as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» A. Supply of goods |
67. |
Services by an employee to the employer in the course of or in relation to his employment is. |
A. | Supply of good |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» C. Neither as a supply of goods nor a supply of services |
68. |
Services by any court or Tribunal established under any law for the time being in force is . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» C. Neither as a supply of goods nor a supply of services |
69. |
The functions performed by the Members of Parliament, Members of State Legislature, Members of Panchayats, Members of Municipalities and Members of other local authorities shall be treated as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» C. Neither as a supply of goods nor a supply of services |
70. |
The duties performed by any person who holds any post in pursuance of the provisions of the Constitution in that capacity shall be considered as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» C. Neither as a supply of goods nor a supply of services |
71. |
The duties performed by any person as a Chairperson or a Member or a Director in a body established by the Central Government or a State Government or local authority and who is not deemed as an employee before the commencement of this clause shall be considered as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» C. Neither as a supply of goods nor a supply of services |
72. |
Services of funeral, burial, crematorium or mortuary including transportation of the deceased shall be treated as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» C. Neither as a supply of goods nor a supply of services |
73. |
Actionable claims, other than lottery, betting and gambling shall be treated as . |
A. | Supply of goods |
B. | Supply of services |
C. | Neither as a supply of goods nor a supply of services |
D. | Either as a supply of goods or a supply of services |
Answer» C. Neither as a supply of goods nor a supply of services |
74. |
Gifts not exceeding in value in a financial year by an employer to an employee shall not be treated as supply of goods or services or both. |
A. | 50,000 |
B. | 1,00,000 |
C. | 2,00,000 |
D. | 2,50,000 |
Answer» A. 50,000 |
75. |
The shall be treated as supply even if made without consideration |
A. | Permanent transfer or disposal of business assets where input tax credit has been availed on such assets. |
B. | Permanent transfer or disposal of business assets where input tax credit has NOT been availed on such assets. |
C. | Both of the above |
D. | None of the above |
Answer» A. Permanent transfer or disposal of business assets where input tax credit has been availed on such assets. |
76. |
The shall be treated as supply even if made without consideration |
A. | Supply of goods by a principal to his agent where the agent undertakes to supply such goods on behalf of the principal; |
B. | Supply of goods by an agent to his principal where the agent undertakes to receive such goods on behalf of the principal. |
C. | Both of the above |
D. | None of the above |
Answer» C. Both of the above |
77. |
The shall be treated as supply even if made without consideration. |
A. | Supply of goods by a principal to his agent where the agent undertakes to supply such goods on behalf of the principal; |
B. | Supply of goods by an agent to his principal where the agent undertakes to receive such goods on behalf of the principal. |
C. | Permanent transfer or disposal of business assets where input tax credit has been availed on such assets |
D. | All of the above |
Answer» D. All of the above |
78. |
Import of services by a taxable person from a related person or from any of his other establishments outside India, in the course or furtherance of business shall . |
A. | Supply of services |
B. | Not to be treated as supply of service |
C. | Be treated as supply even when made without consideration |
D. | None of the above |
Answer» C. Be treated as supply even when made without consideration |
79. |
Which of the following is - the supply in which possession of the goods are transferred but the title on the same will be transferred at the future date? |
A. | Rent a car |
B. | Hire Purchase |
C. | Normal sale of goods |
D. | None of the above |
Answer» B. Hire Purchase |
80. |
Which of the following is - the supply in which possession of the goods are transferred but the title of the goods is not transferred at all and thereby attains the character of the supply of service ? |
A. | Rent a car |
B. | Hire Purchase |
C. | Normal sale of goods |
D. | None of the above |
Answer» A. Rent a car |
81. |
Suppose XYZ Ltd has a license to operate a particular business venture but he refrains from operating such business venture after an agreement with other business houses in the same line of business against receiving certain amount. Is this a supply of service? |
A. | Ye |
B. | No |
C. | Exempted |
D. | None of the above |
Answer» A. Ye |
82. |
Which of the following is the supply even if made without consideration? |
A. | Stock transfer out to another state |
B. | Temporary application of business asset for a non-business needs |
C. | Free transfer of business asset |
D. | All of the above |
Answer» D. All of the above |
83. |
What are the factors differentiating composite supply & mixed supply? |
A. | Nature of bundling i.e. artificial or natural |
B. | Existence of principal supply |
C. | Both of the above |
D. | None of the above |
Answer» C. Both of the above |
84. |
What would be the tax rate applicable in case of composite supply? |
A. | Tax rate as applicable on principal supply |
B. | Tax rate as applicable on ancillary supply |
C. | Tax rate as applicable on respective supply |
D. | None of the above |
Answer» A. Tax rate as applicable on principal supply |
85. |
What would be the tax rate applicable in case of mixed supply? |
A. | Tax rate as applicable on supply attracting the lowest rate of tax |
B. | Tax rate as applicable on supply attracting the highest rate of tax |
C. | Tax @ 28% |
D. | None of the above |
Answer» B. Tax rate as applicable on supply attracting the highest rate of tax |
86. |
Which of the following supplies are naturally bundled? |
A. | Rent deed executed for renting of two different floors of a building-one for residential and another for commercial purpose to same person |
B. | Pack of watch, tie and belt |
C. | Package of canned food such as burger, chocolates, sweets, cake etc. |
D. | None of the above |
Answer» D. None of the above |
87. |
A supply comprising of two or more supplies shall be treated as the supply of that particular supply that attracts highest rate of tax. |
A. | Composite |
B. | Mixed |
C. | Both (a) and (b) |
D. | None of the above |
Answer» B. Mixed |
88. |
means a supply made by a taxable person to a recipient consisting of two or more taxable supplies of goods or services or both, or any combination thereof, which are naturally bundled and supplied in conjunction with each other in the ordinary course of business, one of which is a principal supply. |
A. | Composite Supply |
B. | Principal Supply |
C. | Mixed Supply |
D. | Inward Supply |
Answer» A. Composite Supply |
89. |
means two or more individual supplies of goods or services, or any combination thereof, made in conjunction with each other by a taxable person for a single price where such supply does not constitute a composite supply. |
A. | Mixed Supply |
B. | Principal Supply |
C. | Inward Supply |
D. | Exempt Supply |
Answer» A. Mixed Supply |
90. |
What are the taxes levied on an intra-State supply? |
A. | CGST |
B. | SGST |
C. | CGST and SGST |
D. | IGST |
Answer» C. CGST and SGST |
91. |
What is the maximum rate prescribed under CGST Act? |
A. | 12% |
B. | 28% |
C. | 20% |
D. | 18% |
Answer» C. 20% |
92. |
Who will notify the rate of tax to be levied under CGST Act? |
A. | Central Government suo moto |
B. | State Government suo moto |
C. | GST Council suo moto |
D. | Central Government as per the recommendations of the GST Council |
Answer» D. Central Government as per the recommendations of the GST Council |
93. |
Which of the following taxes will be levied on imports? |
A. | CGST |
B. | SGST |
C. | IGST |
D. | CGST and SGST |
Answer» C. IGST |
94. |
What is the maximum rate prescribed under UTGST Act? |
A. | 14% |
B. | 28% |
C. | 20% |
D. | 30% |
Answer» C. 20% |
95. |
Supply shall attract IGST? |
A. | Intra-State |
B. | Inter-State |
C. | Both |
D. | none |
Answer» B. Inter-State |
96. |
Is there any ceiling limit prescribed on the rate under IGST? |
A. | 14% |
B. | 40% |
C. | 26% |
D. | 30% |
Answer» B. 40% |
97. |
What if an e-commerce operator having no physical presence in the taxable territory, does not have a representative in the taxable territory? |
A. | His will have to discharge his tax liability in foreign currency |
B. | He will not be liable to tax |
C. | He has to appoint a person in the taxable territory for the purpose of paying tax on his behalf |
D. | None of the above |
Answer» C. He has to appoint a person in the taxable territory for the purpose of paying tax on his behalf |
98. |
Unless and until notified, IGST shall not be levied on the inter-State supply of which of the following: |
A. | Industrial alcohol |
B. | Works contract |
C. | Petroleum |
D. | None of the above |
Answer» C. Petroleum |
99. |
What are the supplies on which reverse charge mechanism would apply at present? |
A. | Notified categories of goods or services or both under section 9(3) |
B. | Inward supply of goods or services or both from an unregistered dealer under section 9(4) |
C. | Both the above |
D. | None of the above |
Answer» A. Notified categories of goods or services or both under section 9(3) |
100. |
Which of the following services are covered under Reverse Charge Mechanism of CGST Act, 2017?
|
A. | i & iii |
B. | i & iv |
C. | i & ii |
D. | All the above |
Answer» C. i & ii |
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