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in Goods and Services Tax (GST)

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , General Knowledge (GK) .

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1.

Which of the following is an intra-state supply?

A. supplier of goods located in Nagpur and place of supply of
B. supplier of goods located in Kolkata and place of supply
C. supplier of goods located in Goa and place of supply of
D. all of the above
Answer» C. supplier of goods located in Goa and place of supply of
discuss
2.

Which form is to be used for registration?

A. form GSTR-1A
B. form GSTR -2
C. form GST REG-01
D. form GAT REG
Answer» C. form GST REG-01
discuss
3.

GST council includes

A. union finance minister
B. union minister of state in charge of revenue or finance
C. one nominated member from each state who is in
D. all of the above
Answer» D. all of the above
discuss
4.

Composite supply means

A. the supply of two or more supplies of goods or services by a taxable person, which comprises of a combination of goods
B. supply of two or more individual supplies of goods or services, or any combination of goods and services,
C. all of the above
D. none of the above
Answer» A. the supply of two or more supplies of goods or services by a taxable person, which comprises of a combination of goods
discuss
5.

article 246A include

A. concurrent powers
B. union list
C. state list
D. all of the above
Answer» A. concurrent powers
discuss
6.

GSTR-10 FORM due date is                       

A. Within three months of the date of cancellation or date of
B. 28th of the month following the month for which
C. insufficient information
D. 31st December of next financial
Answer» A. Within three months of the date of cancellation or date of
discuss
7.

When can one request for GST Advance Ruling?

A. Whether the applicant has to be registered under gst
B. Determination of the liability to pay tax on any
C. all of the above
D. none of the above
Answer» C. all of the above
discuss
8.

What is an appeal?

A. Any appeal under any law is an application to a higher court for a reversal of the decision of a high
B. Any appeal under any law is an application to a higher court for a reversal of the
C. none of the above
D. NOT THE PART OF GST
Answer» B. Any appeal under any law is an application to a higher court for a reversal of the
discuss
9.

GST Offences related to Fraudulent Intent includes which of the following?

A. Knowingly supplying, transporting or storing any goods that are liable to be
B. Not registering under GST even though required to do so under GST
C. Falsification of documents/records or providing false information with
D. all of the above
Answer» D. all of the above
discuss
10.

GST Penalties', which of the following term explain it with suitability?

A. GST Penalties resulting from breach of the GST Act, 2017 are subject to fines depending on various factors including but not limited to the
B. GST Penalties resulting from breach of the GST Act, 2014 are subject to fines depending on various factors
C. all of the above
D. none of the above
Answer» A. GST Penalties resulting from breach of the GST Act, 2017 are subject to fines depending on various factors including but not limited to the
discuss
11.

GST Penalties for High Value Frauds

A. Jail term not exceeding 1 year if tax amount involved is between Rs. 100 lakhs to less than Rs. 200
B. Jail term not exceeding 3 years if tax amount involved is between Rs.200 lakhs to less than
C. Jail term not exceeding 5 years if tax amount involved is Rs. 500 lakhs or higher.
D. all of the above
Answer» D. all of the above
discuss
12.

When can the refund be claimed?

A. Finalization of provisional assessment
B. ITC accumulation due to output being tax exempt or nil-
C. Dealer Exports (including deemed export)
D. all of the above
Answer» D. all of the above
discuss
13.

What is the time limit for claiming the refund?

A. The time limit for claiming a refund is 2 years from relevant date.
B. The time limit for claiming a refund is 1 years from relevant date.
C. all of the above
D. none of the above
Answer» A. The time limit for claiming a refund is 2 years from relevant date.
discuss
14.

Offences without GST Penalties include which of the following?

A. No penalty under GST Act for charging a wrong GST rate (lower than the actual rate) but the registered
B. No penalty is applicable for delayed invoice payments. But any input tax credit
C. No penalty under GST Act for incorrect filing of GST returns but interest at the rate
D. all of the above
Answer» D. all of the above
discuss
15.

composition levy means

A. If a Registered Taxable Person issued any invoice before issue of registration certificate then such registered person may issue a revised notice for the period starting
B. A registered taxable person who opts for composition levy shall at the time of supply of goods or services not issue a tax invoice. Instead it had to issue a bill
C. all of the above
D. none of the above
Answer» B. A registered taxable person who opts for composition levy shall at the time of supply of goods or services not issue a tax invoice. Instead it had to issue a bill
discuss
16.

When a Credit note should be issued?

A. When a registered dealer issued a tax invoice for supply of goods or services and in such invoice the amount of tax charged and taxable value is more than the taxable value and tax payable,
B. Never
C. at the end of the month
D. none of the above
Answer» A. When a registered dealer issued a tax invoice for supply of goods or services and in such invoice the amount of tax charged and taxable value is more than the taxable value and tax payable,
discuss
17.

which statement is correct in terms of accounts and records

A. Every registered person shall
B. Every registered person, other than a
C. all of the above
D. none of the above
Answer» D. none of the above
discuss
18.

Who can claim ITC?

A. The dealer should be in possession of tax invoice
B. The said goods/services have been received
C. No ITC will be allowed if depreciation has
D. all of the above
Answer» D. all of the above
discuss
19.

Define "Time of supply".

A. Time of supply means the point in time when goods/services are considered supplied’. When the seller knows
B. Any amount that the supplier is liable to pay which has been incurred by the recipient and is not
C. not defined
D. not the term of gst
Answer» A. Time of supply means the point in time when goods/services are considered supplied’. When the seller knows
discuss
20.

What is Exempt Supply?

A. Supplies taxable at a ‘NIL’ rate of tax* (0% tax);
B. Supplies that are wholly or partially exempted from CGST or IGST, by way of a notification
C. Non-taxable supplies as defined under Section 2(78) – supplies that are not taxable under
D. all of the above
Answer» D. all of the above
discuss
21.

GST is a consumption of goods and services tax based

A. Development
B. Destiny
C. Duration
D. Destination
Answer» D. Destination
discuss
22.

Is Scrutiny of Returns is

A. yes
B. no
C. depends on returns
D. depends on
Answer» A. yes
discuss
23.

Every registered person is required to issue a tax invoice

A. Description of goods
B. Quantity of goods
C. Value of goods
D. ALL OF THE
Answer» D. ALL OF THE
discuss
24.

ITC on goods sent for job work, in which of the following case?

A. The principal manufacturer will be allowed to take credit
B. The principal manufacturer will be allowed to take
C. all of the above
D. none of the above
Answer» A. The principal manufacturer will be allowed to take credit
discuss
25.

Central or the State Governments are empowered to grant exemptions from

A. Exemption should be in public interest
B. Exemption by way of special order (not notification) may be
C. A&B
D. Never
Answer» C. A&B
discuss
26.

the rate of GST as applicable on goods and services are

A. 0%, 5%, 12%, 16%, 28%
B. 0%, 5%, 12%, 18%, 28%
C. 0%, 5%, 12%, 16%, 18%
D. 0%, 15%, 12%, 16%,
Answer» B. 0%, 5%, 12%, 18%, 28%
discuss
27.

In India, the GST is a dual model of

A. UK
B. Canada
C. France
D. China
Answer» B. Canada
discuss
28.

What are the proposed

A. overall reduction in
B. decrease in \black\
C. all of the above
D. none of the
Answer» C. all of the above
discuss
29.

Goods can be sent to job worker:

A. From principal’s place of business
B. Directly from the place of supply of
C. all of the above
D. none of the above
Answer» C. all of the above
discuss
30.

How to calculate the GST payment to be made?

A. Usually, the Input Tax Credit should be reduced from Outward Tax Liability to
B. TDS/TCS will be reduced from the total GST to arrive at the net payable
C. Also, ITC cannot be claimed on interest and late fees. Both Interest
D. all of the above
Answer» D. all of the above
discuss
31.

. Which of the following taxes have been subsumed in GST?

A. Central sales tax
B. Central excise duty
C. VAT
D. All of the above
Answer» D. All of the above
discuss
32.

GST is levied on supply of all goods and service except.....

A. Alcoholic liquor for human consumption
B. Tobacco
C. Health care service
D. All of the above
Answer» A. Alcoholic liquor for human consumption
discuss
33.

The functions of goods and services network (GSTN) include....

A. Facilitating registration
B. Forwarding the return to central and state authorities
C. Computation and settlement of GST
D. All of the above
Answer» D. All of the above
discuss (2)
34.

Aggregate turnover does not include-

A. Inward supplies on which tax is payable on reverse charge basis
B. Exempt supplies
C. Export of goods or services or both
D. Inter-State supplies of persons having the same PAN number
Answer» A. Inward supplies on which tax is payable on reverse charge basis
discuss
35.

Which of the following are benefits of GST?
1) Creation of unified national market
2) Boost to ‘Make in India' initiative
3) Reduction of compliance burden on taxpayers
4) Buoyancy to the Government Revenue
5) Elimination of multiple taxes and double taxation
Select the correct answer from the options given below

A. 1, 3, 4 & 5
B. 2, 3, 4 & 5
C. 1, 2, 4 and 5
D. 1, 2, 3, 4 and 5
Answer» C. 1, 2, 4 and 5
discuss
36.

. Which of the following is/are included in definition of “Goods” as defined under section 2(52) of the CGST Act, 2017- I. Money
II. Actionable claim
III. Security
IV. Growing crops
Select the correct answer from the options given below

A. IV only
B. II & III
C. II & IV
D. I & II
Answer» C. II & IV
discuss
37.

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
discuss
38.

. 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
discuss
39.

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
discuss
40.

. Who will notify the rate of tax to be levied under CGST Act?

A. Central Government
B. State Government
C. GST Council
D. Central Government as per the recommendations of the GST Council
Answer» D. Central Government as per the recommendations of the GST Council
discuss
41.

. Which of the following taxes will be levied on imports?

A. CGST
B. SGST
C. IGST
D. CGST and SGST
Answer» C. IGST
discuss
42.

. Which of the following is not included in aggregate turnover?

A. Exempt supplies of goods or services or both
B. Export of goods or services or both
C. Inter-State supply of goods or services or both
D. Value of inward supplies on which tax is paid under reverse charge
Answer» D. Value of inward supplies on which tax is paid under reverse charge
discuss
43.

. The IGST Act,2017 extends to the

A. Whole of India except the state of Jammu & Kashmir
B. Whole of India
C. Whole of India except the state of Jammu & Kashmir & Pondicherry
D. None of the above
Answer» B. Whole of India
discuss
44.

. What is time of supply of goods, in case of forward charge?

A. Date of issue of invoice
B. Due date of issue of invoice
C. Date of receipt of consideration by the supplier
D. Earlier of (a) & (b)
Answer» D. Earlier of (a) & (b)
discuss
45.

. What is time of supply of goods, in case of supplier opting for composition levy under Section 10 of the CGST Act, 2017?

A. Date of issue of invoice
B. Date of receipt of consideration by the supplier
C. Latter of (a) & (b)
D. Earlier of (a) & (b)
Answer» D. Earlier of (a) & (b)
discuss
46.

. What is the time of supply of vouchers when the supply with respect to the voucher is identifiable?

A. Date of issue of voucher
B. Date of redemption of voucher
C. Earlier of (a) & (b)
D. (a) & (b) whichever is later
Answer» A. Date of issue of voucher
discuss
47.

. What is the time of supply of vouchers when the supply with respect to the voucher is not identifiable?

A. Date of issue of voucher
B. Date of redemption of voucher
C. Earlier of (a) & (b)
D. (a) & (b) whichever is later
Answer» B. Date of redemption of voucher
discuss
48.

. What is the time of supply of service if the invoice is issued within 30 days from the date of provision of service?

A. Date of issue of invoice
B. Date on which the supplier receives payment
C. Date of provision of service
D. Earlier of (a) & (b)
Answer» D. Earlier of (a) & (b)
discuss
49.

. What is the time of supply of service where services are received from an associated enterprise located outside India?

A. Date of entry of services in the books of account of recipient of service
B. Date of payment
C. Earlier of (a) & (b)
D. Date of entry of services in the books of the supplier of service
Answer» C. Earlier of (a) & (b)
discuss
50.

. Time of supply means

A. The point in time when GST is actually paid by the supplier of goods or services
B. The point in time when GST is actually paid after taking input credit by the supplier of goods or services
C. The point in time when goods have been deemed to be supplied or services have been deemed to be provided
D. The point in time when GST return is filed by the supplier of goods or services
Answer» C. The point in time when goods have been deemed to be supplied or services have been deemed to be provided
discuss

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