McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 101. |
Which of the following activity shall be treated neither as a supply of goods nor a supply of services ?
|
| A. | (i) and (iii) |
| B. | (ii) and (iv) |
| C. | (i) and (ii) |
| D. | (iii) and (iv) |
| Answer» D. (iii) and (iv) | |
| 102. |
Indirect Tax is a . |
| A. | Regressive tax |
| B. | Progressive tax |
| C. | Tax on tax |
| D. | Value added tax |
| Answer» A. Regressive tax | |
| 103. |
is levied on Inter-State supplies of goods or services or both. |
| A. | CGST |
| B. | SGST |
| C. | IGST |
| D. | Both (a) and (b) |
| Answer» C. IGST | |
| 104. |
The liability to pay tax on goods shall arise at the . |
| A. | Dispatch of good |
| B. | Time of supply |
| C. | Removal of goods |
| D. | Delivery of goods |
| Answer» B. Time of supply | |
| 105. |
Input Tax Credit of CGST can be first utilised to pay output liability of . |
| A. | SGST |
| B. | CGST |
| C. | IGST |
| D. | UTGST |
| Answer» B. CGST | |
| 106. |
The first 2 digits of GSTIN represent . |
| A. | Entity code |
| B. | Country code |
| C. | State code |
| D. | Check sum character |
| Answer» C. State code | |
| 107. |
of supply is the amount upon which tax is levied and collected. |
| A. | Value |
| B. | Cost |
| C. | Turnover |
| D. | Gross value |
| Answer» A. Value | |
| 108. |
Input tax does not include . |
| A. | IGST on import of good |
| B. | SGST and UTGST |
| C. | Tax paid under composition levy |
| D. | Tax payable section 9(3) and 9(4) |
| Answer» C. Tax paid under composition levy | |
Done Studing? Take A Test.
Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.