McqMate
1. |
GST was introduced in India with effect from |
A. | 1.1.2017 |
B. | 1.4.2017 |
C. | 1.1.2018 |
D. | 1.7.2017 |
Answer» D. 1.7.2017 |
2. |
Goods and service tax is -- |
A. | supply based |
B. | consumption based |
C. | both supply and consumption based |
D. | transaction based |
Answer» B. consumption based |
3. |
SGST is applicable when |
A. | goods are sold within a state |
B. | goods are sold from one gst dealer to a customer |
C. | goods are sold by a gst dealer to another gst dealer |
D. | interstate supply |
Answer» A. goods are sold within a state |
4. |
Inter-state trade is presently subject to |
A. | sgst |
B. | cgst |
C. | integrated gst |
D. | utgst |
Answer» C. integrated gst |
5. |
GST can be collected by |
A. | any registered dealer |
B. | any gst dealer |
C. | any service provider |
D. | any dealer |
Answer» B. any gst dealer |
6. |
The chair of GST Council |
A. | nominated by the govt |
B. | nominated by the gst council |
C. | union finance minister |
D. | elected by the gst council |
Answer» C. union finance minister |
7. |
Where the location of the supplier and the place of supply are in two different States – |
A. | igst is applicable |
B. | cgst is applicable |
C. | sgst plus cgst is applicable |
D. | cgst plus igst is applicable |
Answer» A. igst is applicable |
8. |
One tooth paste and tooth brush and a toilet soap sold in a packet for Rs. 50, is |
A. | mixed supply |
B. | composite supply |
C. | joint supply |
D. | not supply |
Answer» A. mixed supply |
9. |
The notified limit for payment of composition levy is - |
A. | rs. 1 crore |
B. | rs. 20lakh |
C. | rs. 50 lakh |
D. | rs. 2 crore |
Answer» A. rs. 1 crore |
10. |
A Composite taxpayer is required to file summarised details of transactions |
A. | annually |
B. | half yearly |
C. | quarterly |
D. | monthly |
Answer» C. quarterly |
11. |
The incidence of tax is called |
A. | tax cascading |
B. | tax pyramiding |
C. | tax evasion |
D. | indirect tax |
Answer» D. indirect tax |
12. |
Introduction of GST affects the revenue of |
A. | consuming states |
B. | manufacturing states |
C. | all the states |
D. | central government |
Answer» C. all the states |
13. |
Goods which get input tax credit without being liable to collect output tax is called |
A. | exempt goods |
B. | white goods |
C. | sin goods |
D. | zero rated goods |
Answer» D. zero rated goods |
14. |
Any goods other than capital goods used or intended to be used by a supplier in the course or furtherance of business is |
A. | input |
B. | output |
C. | merit goods |
D. | white goods |
Answer» A. input |
15. |
If application for registration is ------, the registration shall be effective from the date on which the person becomes liable for registration. |
A. | made within 30 days |
B. | not made within 30 days |
C. | made within 60 days |
D. | not made within 30 days |
Answer» A. made within 30 days |
16. |
When turnover during a financial year exceeds---- the accounts and other records must be audited by a chartered accountant or a cost accountant |
A. | 1 crore |
B. | 2 crore |
C. | 5 crore |
D. | 10 crore |
Answer» B. 2 crore |
17. |
The tax applicable to interstate supplies will be: |
A. | sgst only |
B. | cgst only |
C. | igst only |
D. | cgst-igst |
Answer» C. igst only |
18. |
A person is liable to registered under GST law where aggregate sale of good exceeds----- after 1.4.2019. in general category |
A. | rs.40,00,000 |
B. | rs.20,00,000 |
C. | rs.15,00,00 0 |
D. | rs.1,50,000 |
Answer» A. rs.40,00,000 |
19. |
GST is applicable on------- of goods or services. |
A. | supply |
B. | manufacture |
C. | consumpti on |
D. | production |
Answer» A. supply |
20. |
The first 2 digit of GSTIN represent------ |
A. | entity code |
B. | country code |
C. | state code |
D. | checksum character |
Answer» C. state code |
21. |
The definition of goods under the GST Act does not include-- --- |
A. | grass |
B. | growings crops |
C. | actionable claims |
D. | money & securities |
Answer» D. money & securities |
22. |
If the payment to the supplier of goods or services is not made within----- from the date of issue of invoice, the input tax credit on such goods or services cannot be availed. |
A. | 6 months |
B. | 180 days |
C. | 45 days |
D. | 30 days |
Answer» B. 180 days |
23. |
Electronic Way Bill is compulsory to move goods of worth |
A. | rs. 10,000 or more |
B. | 20,000 or more |
C. | 50,000 or more |
D. | 1,00,000 or more |
Answer» C. 50,000 or more |
24. |
An e-commerce operator neither having physical presence in the taxable territory not a representative in the said territory, shall----- |
A. | not supply goods and/or services in that taxable territory. |
B. | not be liable for collecting and paying taxes on supply in such taxable territory. |
C. | ask the recipient to pay taxes on his behalf. |
D. | appoint a person in the taxable territory for the purpose of paying taxes. |
Answer» D. appoint a person in the taxable territory for the purpose of paying taxes. |
25. |
Every operator who collects the amount of tax has to furnish the details of the same within----after the end of the month. |
A. | 15 days |
B. | 1 month |
C. | 20 days |
D. | 10 days |
Answer» D. 10 days |
26. |
In case an operator fails to furnish the information required by the notice served to him U/s 52(2) within 15 days of date of service, he will be liable to pay penalty of maximum----- |
A. | rs.5,000 |
B. | rs.10,000 |
C. | rs.25,000 |
D. | rs.20,000 |
Answer» C. rs.25,000 |
27. |
In a case where passenger transportation service is provided to an unregistered person, place of supply will be-- ---- |
A. | location of recipient |
B. | location of transporter |
C. | location of the destination |
D. | location where journey starts |
Answer» B. location of transporter |
28. |
TDS certificate is to be issued by deductor in form----- |
A. | gstr1a |
B. | gstr2a |
C. | gstr7b |
D. | gstr7a |
Answer» D. gstr7a |
29. |
Every registered person required to deduct tax at source shall furnish a return in Form------- |
A. | gstr-1 |
B. | gstr-5 |
C. | gstr-9 |
D. | gstr-7 |
Answer» D. gstr-7 |
30. |
An operator can rectify any omission or incorrect particulars in furnishing the statement U/s 52(4) subject to payment of----- |
A. | taxes |
B. | interest |
C. | penalty |
D. | late fee |
Answer» C. penalty |
31. |
Every electronic commerce operator required to collect tax at source has to furnish a statement in form------ |
A. | gstr-1 |
B. | gstr-5 |
C. | gstr-7 |
D. | gstr-8 |
Answer» C. gstr-7 |
32. |
Central & excise duty shall be levied in addition to GST on --- --- |
A. | petroleum products |
B. | alcohol products |
C. | tobacco and tobacco products |
D. | alcohol for human consumption |
Answer» B. alcohol products |
33. |
Where supply is received at place other than place of business, location of recipient of services is---- |
A. | location of place of business |
B. | location of fixed establishment |
C. | location of establishm ent most directly concerned |
D. | location of usual place of residence of recipient. |
Answer» C. location of establishm ent most directly concerned |
34. |
M/s. ABC of Gujarat supplies goods to M/s. XYZ of Delhi, this will classify as |
A. | intra state supply |
B. | export supply |
C. | inter state supply |
D. | deemed supply |
Answer» C. inter state supply |
35. |
Indirect Tax is a------ |
A. | regressive |
B. | progressive tax |
C. | tax on tax |
D. | value added tax. |
Answer» D. value added tax. |
36. |
GST is charged on----- of goods or services |
A. | manufacture or provision |
B. | consumption |
C. | supply |
D. | demand |
Answer» C. supply |
37. |
Supply of services Imported into the territory if India are treated as------ |
A. | inter state supply |
B. | intra state supply |
C. | exempt supplies |
D. | international supplies |
Answer» A. inter state supply |
38. |
Ms. Pooja supplied services to Ms. Smita on 5-7-2018.She raised an invoice on 20-6-2018 and recived the amount on 10-7-2018. The tax rate for these services was changed from 15% to 28% on 1-7-2018. The time of supply will be------ and tax rate levied will be----- |
A. | 20-6- 2018,28% |
B. | 10-7-2018,28% |
C. | 20-6- 2018,15% |
D. | 10-7-2018,15% |
Answer» B. 10-7-2018,28% |
39. |
In example (8) above, if invoice is raised on 10-7-2018 and amount is received on 20-6-2018 everything else being same, time of supply will be ------ and tax rate levied will be-- ---. |
A. | 20-6- 2018,28% |
B. | 10-7-2018,15% |
C. | 20-6- 2018,15% |
D. | 10-7-2018,28% |
Answer» B. 10-7-2018,15% |
40. |
Where the location of the supplier and the place of supply are in two different States- |
A. | igst is applicable |
B. | cgst is applicable |
C. | sgst plus cgst is applicable |
D. | cgst plus igst is applicable |
Answer» A. igst is applicable |
41. |
Where location of the supplier and place of supply are in a State and a Union territory |
A. | cgst plus utgst is applicable |
B. | cgst plus igst is applicable |
C. | sgst plus utgst is applicable |
D. | igst is applicable |
Answer» D. igst is applicable |
42. |
Place of supply of goods exported from India shall be |
A. | the location outside india |
B. | the location of the exporter |
C. | state in which exported goods reaches first |
D. | place of supply not applicable. |
Answer» A. the location outside india |
43. |
The place of supply of telecommunication services shall be |
A. | the location where connection is installed |
B. | place of office of the services provider |
C. | place of payment |
D. | place of supply not relevant |
Answer» A. the location where connection is installed |
44. |
Gifts not exceeding----- in a year by an employer to employee shall not be treated as supply. |
A. | rs. 5,000 |
B. | rs. 10,000 |
C. | rs. 50,000 |
D. | rs. 1,00,000 |
Answer» C. rs. 50,000 |
45. |
Integrated Goods and services Tax is applicable when- |
A. | sold in union territory |
B. | sold from one gst dealer to another gst dealer |
C. | sold within a state |
D. | there is interstate supply |
Answer» D. there is interstate supply |
46. |
Dealers whose annual turnover between Rs.1.5 crore and Rs. 5 crore need to use |
A. | two-digit hsn code |
B. | four digit hsn codes |
C. | four digit hsn codes |
D. | eight digit hsn codes |
Answer» B. four digit hsn codes |
47. |
Composite tax is applicable for dealer with turnover upto |
A. | rs. 1 crore |
B. | rs. 20 lakh |
C. | rs. 1.5 crore |
D. | rs. 10 crore |
Answer» C. rs. 1.5 crore |
48. |
Supply of goods provided, or agreed to be provided, continuously or on recurrent basis, under a contract, is |
A. | mixed supply |
B. | composite supply |
C. | common supply |
D. | continuous supply |
Answer» D. continuous supply |
49. |
The maximum limit of IGST rate fixed in the Act is |
A. | 18% |
B. | 28% |
C. | 40% |
D. | 100% |
Answer» C. 40% |
50. |
Supply of two or more taxable supplies naturally bundled and supplied is called |
A. | mixed supply |
B. | composite supply |
C. | common supply |
D. | continuous supply |
Answer» B. composite supply |
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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