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Chapter:

20+ Introduction Solved MCQs

in Indirect Taxes- GST

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .

Chapters

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Chapter: Introduction
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
discuss
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
discuss
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
discuss
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
discuss
5.

Petroleum products have been temporarily been kept out of GST.

A. One
B. Two
C. Three
D. Five
Answer» D. Five
discuss
6.

In India, GST structure is in nature.

A. Single
B. Dual
C. Triple
D. (a) & (b) both
Answer» B. Dual
discuss
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
discuss
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
discuss
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
discuss
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
discuss
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
discuss
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
discuss
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
discuss
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
discuss
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
discuss
16.

Indian GST model has tier rate structure.

A. 3
B. 4
C. 5
D. 6
Answer» B. 4
discuss
17.

What does ‘I’ stands for in IGST?

A. International
B. Internal
C. Integrated
D. Intra
Answer» C. Integrated
discuss
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
discuss
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
discuss
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
discuss
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
discuss
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
discuss
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
discuss
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
discuss
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
discuss
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
discuss
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
discuss
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
discuss
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
discuss

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