McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 1. |
Which of the following is an inter-State supply? |
| A. | Supplier of goods located in Delhi and place of supply of goods is to an SEZ located in Delhi |
| B. | Supplier of goods located in Delhi and place of supply of goods in Jaipur |
| C. | Supplier of goods located in Delhi and place of supply of goods is to an SEZ located in Chandigarh |
| D. | All the above |
| Answer» D. All the above | |
| 2. |
Which of the following is an intrastate supply? |
| A. | Supplier of goods located in Delhi and place of supply of goods SEZ located in Delhi |
| B. | Supplier of goods located in Delhi and place of supply of goods in Jaipur |
| C. | Supplier of goods located in Delhi and place of supply of goods in Delhi |
| D. | All the above |
| Answer» C. Supplier of goods located in Delhi and place of supply of goods in Delhi | |
| 3. |
Which of the following transaction is inter-state supply of goods? |
| A. | Location of supplier is in Lucknow, UP and location of recipient is in Mumbai. |
| B. | Location of supplier is in Lucknow, UP and place of supply is Mumbai |
| C. | Location of supplier and place of supply is Lucknow, UP |
| D. | None of the above |
| Answer» B. Location of supplier is in Lucknow, UP and place of supply is Mumbai | |
| 4. |
Which of the following transaction is inter-state supply of goods involving movement of goods? (1) Location of supplier is in Bangalore and location of recipient is in Mumbai and goods are shipped to Kolkata (2) Location of supplier is in Bangalore and place of supply is Mumbai (3) Location of supplier and place of supply is Bangalore (4) None of the above |
| A. | 1 and 2 |
| B. | 1 and 3 |
| C. | 2 and 3 |
| D. | 4 |
| Answer» A. 1 and 2 | |
| 5. |
Supply of goods in the course of import into the territory of India is |
| A. | Intrastate supply |
| B. | Inter-State supply |
| C. | Export |
| D. | Neither Export nor Import |
| Answer» B. Inter-State supply | |
| 6. |
Place of supply of a transaction in territorial waters is |
| A. | Location of the supplier |
| B. | Location of the recipient |
| C. | Coastal state where the nearest point of the appropriate baseline is located |
| D. | None of the above |
| Answer» C. Coastal state where the nearest point of the appropriate baseline is located | |
| 7. |
is levied on inter-state supply of goods and services. |
| A. | CGST |
| B. | SGST |
| C. | IGST |
| D. | Both (a) and (b) |
| Answer» C. IGST | |
| 8. |
IGST means |
| A. | Inter-state GST |
| B. | Integrated GST |
| C. | Import GST |
| D. | International GST |
| Answer» B. Integrated GST | |
| 9. |
supply shall attract IGST. |
| A. | Intra-State |
| B. | Inter-State |
| C. | Intra state and inter-state |
| D. | Local |
| Answer» B. Inter-State | |
| 10. |
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 | |
| 11. |
What is rate of tax of IGST? |
| A. | CGST rate |
| B. | SGST rate |
| C. | CGST + SGST rate |
| D. | VAT rate |
| Answer» C. CGST + SGST rate | |
| 12. |
is levied on imports of goods and services. |
| A. | SGST |
| B. | CGST |
| C. | IGST |
| D. | VAT |
| Answer» C. IGST | |
| 13. |
Import/Export is treated as in GST. |
| A. | Intra-state supply |
| B. | Inter-state supply |
| C. | Non-taxable supply |
| D. | Exempted supply |
| Answer» B. Inter-state supply | |
| 14. |
“Inter-State supplies” means |
| A. | Any supply where the location of the supplier and the place of supply are in the same state |
| B. | Any supply where the location of supplier and the place of supply are in the different states |
| C. | Any supply where location of the supplier and place of supply are outside the country |
| D. | None of these |
| Answer» B. Any supply where the location of supplier and the place of supply are in the different states | |
| 15. |
“Import of services” means the supply of any service, where - |
| A. | The supplier of service is located outside India |
| B. | The recipient of service is located in India |
| C. | The place of supply of service is in India |
| D. | All of the above |
| Answer» D. All of the above | |
| 16. |
Zero rated supply includes |
| A. | Export of goods or/and services |
| B. | Supply of goods or/and services to a SEZ developer or SEZ Unit |
| C. | Supply of goods or/and services by a SEZ developer or SEZ Unit |
| D. | Both (a) and (b) |
| Answer» D. Both (a) and (b) | |
| 17. |
The supply of goods to SEZ unit is treated as in the hands of the supplier for eligibility of ITC. |
| A. | Exempt Supply |
| B. | Deemed Taxable Supply |
| C. | Export of Supplies |
| D. | Non-taxable supply |
| Answer» B. Deemed Taxable Supply | |
| 18. |
Place of supply in case of installation of elevator is |
| A. | Where the movement of elevator commences from the supplier’s place |
| B. | Where the delivery of elevator is taken |
| C. | Where the installation of elevator is made |
| D. | Where address of the recipient is mentioned in the invoice |
| Answer» C. Where the installation of elevator is made | |
| 19. |
Place of supply of food taken on board at Delhi for an aircraft departing from Delhi to Bangalore via Hyderabad is |
| A. | Address of the aircraft carrier mentioned on the invoice of the supplier |
| B. | Delhi |
| C. | Jaipur |
| D. | Hyderabad |
| Answer» B. Delhi | |
| 20. |
What is location of supply in case of importation of goods? |
| A. | Customs port where the goods are cleared |
| B. | Location of the importer |
| C. | Place where the goods are delivered after clearance from customs port |
| D. | Owner of the goods |
| Answer» B. Location of the importer | |
| 21. |
Place of supply of goods, other than supply of goods imported into, or exported from India, when supply involves movement of goods is the |
| A. | Location of the goods at the time at which the movement terminates for delivery |
| B. | Location of the goods at the time at which the movement starts for delivery |
| C. | Location of the principal place of business of the recipient |
| D. | Location of the principal place of business of the supplier |
| Answer» A. Location of the goods at the time at which the movement terminates for delivery | |
| 22. |
Place of supply of goods, other than supply of goods imported into, or exported from India, when supply does not involve movement of goods is the |
| A. | Location of the supplier |
| B. | Location of the goods at the time of the delivery to the recipient |
| C. | Location of the goods at the time of purchase order |
| D. | Location of the recipient |
| Answer» B. Location of the goods at the time of the delivery to the recipient | |
| 23. |
Place of supply of goods, other than supply of goods imported into, or exported from India, where the goods are assembled or installed is the |
| A. | Location of the agent of the recipient |
| B. | Location of the recipient |
| C. | Location of the supplier |
| D. | Place of the such assembly or installation |
| Answer» D. Place of the such assembly or installation | |
| 24. |
Place of supply of goods, other than supply of goods imported into, or exported from India, where the goods are supplied on board a conveyance such as vessel, an aircraft, a train or motor vehicle is the |
| A. | Location of the recipient |
| B. | Location of the supplier |
| C. | Location at which such goods are taken on board |
| D. | None of the above |
| Answer» C. Location at which such goods are taken on board | |
| 25. |
Where will be the place of supply when the goods are supplied on the direction of the third party? |
| A. | Location of the supplier |
| B. | Location of the recipient |
| C. | Location of the third party |
| D. | Any of the above |
| Answer» C. Location of the third party | |
| 26. |
Where will be the place of supply of goods supplied in a train which is heading towards Delhi from Chennai, if the goods are taken on board at Coimbatore? |
| A. | Delhi |
| B. | Chennai |
| C. | Coimbatore |
| D. | None of the above |
| Answer» C. Coimbatore | |
| 27. |
In case of any ambiguity where the place of supply cannot be determined as provided in IGST Act, 2016 who will determine place of supply? |
| A. | Central Government or State Government on the recommendation of the Council |
| B. | Central Government and State Government on the recommendation of the Council |
| C. | In a manner as may be prescribed |
| D. | Central Government |
| Answer» C. In a manner as may be prescribed | |
| 28. |
The place of supply of goods imported into India shall be the |
| A. | Location of the importer |
| B. | Location of the exporter |
| C. | Location of the agent of exporter |
| D. | None of the above |
| Answer» A. Location of the importer | |
| 29. |
The place of supply of goods exported from India shall be the |
| A. | Location of the importer |
| B. | Location of the exporter |
| C. | Location of the agent of exporter |
| D. | Location outside India |
| Answer» D. Location outside India | |
| 30. |
Real estate agent in Delhi charges brokerage fee to Company A located in Chandigarh for assistance in getting a commercial property in Kolkata. Which is the place of supply in this case? |
| A. | Delhi |
| B. | Chandigarh |
| C. | Kolkata |
| D. | None of the above |
| Answer» C. Kolkata | |
| 31. |
Mr. X a resident from Pune conducts training for employees of P Ltd. being a registered person under GST based out in Chennai at a resort in Darjeeling. The place of supply in this case is: |
| A. | Chennai |
| B. | Pune |
| C. | Darjeeling |
| D. | None of the above |
| Answer» A. Chennai | |
| 32. |
If XYZ Ltd a company based out of Bangalore, awards online maintenance contract of its servers located in Mumbai office to Y INC, a company based out of USA, and as per the terms of the online maintenance Y INC shall be required to perform regular maintenance from USA using Internet, then the place of supply is |
| A. | Bangalore |
| B. | Mumbai |
| C. | USA |
| D. | None of the above |
| Answer» B. Mumbai | |
| 33. |
Mr. Y residing in Ahmedabad appoints an architect in Delhi to provide Indian traditional home design for his proposed construction at Los Angeles, the place of supply of service is |
| A. | Los Angele |
| B. | Ahmedabad |
| C. | Delhi |
| D. | None of the above |
| Answer» A. Los Angele | |
| 34. |
If NM shipping Co. located in Chennai charges ocean freight charges for transport of goods to California for a customer located in Bangalore, the place of supply of service will be |
| A. | Chennai |
| B. | California |
| C. | Bangalore |
| D. | None of the above |
| Answer» B. California | |
| 35. |
The default rule of place of supply of services made to a registered person shall be the |
| A. | Location of the registered person |
| B. | Location of the service provider |
| C. | Location where the service is provided |
| D. | Any of the above |
| Answer» A. Location of the registered person | |
| 36. |
The default rule of place of supply of services made to any person other than a registered person if address on record exist shall be the |
| A. | Location where service is rendered |
| B. | Location of the service provider |
| C. | Location of the recipient |
| D. | Any of the above |
| Answer» C. Location of the recipient | |
| 37. |
The default rule of place of supply of services made to any person other than a registered person if address on record doesn’t exist shall be the |
| A. | Location where service is rendered |
| B. | Location of the service provider |
| C. | Location of the recipient |
| D. | Any of the above |
| Answer» B. Location of the service provider | |
| 38. |
Place of supply of services of architects in relation to the design of office building shall be the |
| A. | Location of the supplier |
| B. | Location of the recipient |
| C. | Location of such office building |
| D. | Any of the above |
| Answer» C. Location of such office building | |
| 39. |
Place of supply of services in relation to lodging accommodation shall be the |
| A. | Location of the supplier |
| B. | Location of the recipient |
| C. | Location at which the lodging accommodation is located |
| D. | Any of the above |
| Answer» C. Location at which the lodging accommodation is located | |
| 40. |
ABC Ltd of Delhi has entered into a contract with KSM Training Ltd. of Mumbai for training and performance appraisal of its employees. The services were performed at Nainital Training Centre of KSM Training Ltd. Determine the place of supply of services in case ABC Ltd is not registered. |
| A. | Mumbai |
| B. | Nainital |
| C. | Delhi |
| D. | Any of the above |
| Answer» B. Nainital | |
| 41. |
The place of supply of services provided by way of admission to a cultural, artistic, sporting, scientific, educational, entertainment event or amusement park or any other place and services ancillary thereto shall be the |
| A. | Place where the event is actually held |
| B. | Location of the supplier of service |
| C. | Location of the recipient of service |
| D. | Any of the above |
| Answer» A. Place where the event is actually held | |
| 42. |
The place of supply of services provided by way of transportation of goods, including by mail or courier, to a person other than a registered person, shall be the |
| A. | Place at which such goods are handed over for their transportation |
| B. | Location of the supplier of service |
| C. | Location of the recipient of service |
| D. | Any of the above |
| Answer» A. Place at which such goods are handed over for their transportation | |
| 43. |
Place of supply of services in relation to mobile connection for pre-paid customers other than through internet banking shall be the |
| A. | Location where such prepayment is received as such vouchers are sold |
| B. | Location of the supplier of service |
| C. | Location of the recipient of service |
| D. | Any of the above |
| Answer» A. Location where such prepayment is received as such vouchers are sold | |
| 44. |
The place of supply of passenger transportation services to a person other than a registered person, shall be the |
| A. | Location of the supplier of service |
| B. | Place where the passenger embarks on the conveyance for a continuous journey |
| C. | Place of destination of the journey |
| D. | Any of the above |
| Answer» B. Place where the passenger embarks on the conveyance for a continuous journey | |
| 45. |
The place of supply of services on board a conveyance, including a vessel, an aircraft, a train or a motor vehicle shall be the |
| A. | Location of the supplier of service |
| B. | Place where the passenger embarks on the conveyance for a continuous journey |
| C. | Location of the first scheduled point of departure of that conveyance for the journey |
| D. | Place of destination of journey |
| Answer» C. Location of the first scheduled point of departure of that conveyance for the journey | |
| 46. |
The place of supply of insurance services to a registered person, shall be the |
| A. | Location of the supplier |
| B. | Location of the recipient |
| C. | Location where the services are performed |
| D. | Any of the above |
| Answer» B. Location of the recipient | |
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