McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 301. |
Which one of following statements is correct? |
| A. | Voluntary registration is not possible under GST. |
| B. | Voluntarily registered person not liable to comply with all the provisions of the GST. |
| C. | A person may get himself registered voluntarily and shall comply with all the provisions of GST. |
| D. | None of the above. |
| Answer» C. A person may get himself registered voluntarily and shall comply with all the provisions of GST. | |
| 302. |
PAN issued under the Income Tax Act is mandatory for grant of registration. |
| A. | It is one of the documents listed. |
| B. | Yes, but non-resident taxable person may be granted registration on the basis of any other document. |
| C. | No |
| D. | Yes, even for non-resident taxable persons |
| Answer» B. Yes, but non-resident taxable person may be granted registration on the basis of any other document. | |
| 303. |
An E-commerce operator should get registered? |
| A. | Yes, irrespective of threshold limit |
| B. | No, required to register only if his aggregate turnover exceeds the threshold limit. |
| C. | Yes, if he is located in North-western states. |
| D. | He is required to register if he is liable to collect tax at source and /or his aggregate turnover |
| Answer» D. He is required to register if he is liable to collect tax at source and /or his aggregate turnover | |
| 304. |
What is the validity of the registration certificate? |
| A. | One year |
| B. | No validity |
| C. | Valid till it is cancelled |
| D. | Five years |
| Answer» C. Valid till it is cancelled | |
| 305. |
What is the validity of the registration certificate issued to casual taxable person and non-resident taxable person? |
| A. | 90 days from the effective date of registration |
| B. | Period specified in the application for registration |
| C. | Earliest of (a) or (b) above |
| D. | 180 days from the effective date of registration |
| Answer» C. Earliest of (a) or (b) above | |
| 306. |
When can a voluntarily registration be cancelled? |
| A. | If the person does not start business within six months from the date of registration. |
| B. | Business has been discontinued or transferred for any reason. |
| C. | Non-filing of returns for a continuous period of six months or for three consecutive tax period in case of composite dealer. |
| D. | All of the above |
| Answer» D. All of the above | |
| 307. |
What are the consequences of obtaining registration by misrepresentation? |
| A. | Liable to cancellation of registration by proper officer. |
| B. | Liable to a fine not exceeding ` 10,00,000/- |
| C. | Imprisonment for a period of 6 months to 3 years. |
| D. | Both (b) and (c) |
| Answer» A. Liable to cancellation of registration by proper officer. | |
| 308. |
Does cancellation of registration under CGST affect the liability under SGST/IGST for period prior to cancellation of registration? |
| A. | Cancellation of registration will immune his liability under CGST only. |
| B. | Cancellation of registration will immune his liability under IGST only. |
| C. | Cancellation of registration will immune his liability under SGST and CGST but not under IGST. |
| D. | Cancellation does not affect the liability of taxable person to pay tax and other dues under CGST/SGST/IGST Act. |
| Answer» D. Cancellation does not affect the liability of taxable person to pay tax and other dues under CGST/SGST/IGST Act. | |
| 309. |
Within how many days an application for revocation of cancellation of registration can be made? |
| A. | Within 7 days from the date of service of the cancellation order. |
| B. | Within 15 days from the date of issue of the cancellation order. |
| C. | Within 45 days from the date of issue of the cancellation order. |
| D. | Within 30 days from the date of service of the cancellation order. |
| Answer» D. Within 30 days from the date of service of the cancellation order. | |
| 310. |
Which of the following statements are correct?
|
| A. | (i) and (ii) |
| B. | (i) and (iv) |
| C. | (ii) and (iii) |
| D. | (iii) and (iv) |
| Answer» A. (i) and (ii) | |
| 311. |
Who can submit application for registration in Form GST REG-09? |
| A. | Non- Resident taxable person |
| B. | Input service distributor |
| C. | Person deducting tax at source |
| D. | Person collecting tax at source |
| Answer» A. Non- Resident taxable person | |
| 312. |
Where the application for grant of registration has been approved, a certificate of registration in shall be made available to the applicant on the |
| A. | FORM GST REG-06, Common Portal |
| B. | FORM GST CER-06, Common Portal |
| C. | FORM GST CER-06, Jurisdictional office |
| D. | FORM GST REG-10, Company portal |
| Answer» A. FORM GST REG-06, Common Portal | |
| 313. |
An Unique Identity Number will be allotted to the following persons upon submitting an application: |
| A. | All the taxable persons can apply. |
| B. | Only unregistered persons can apply. |
| C. | Specialized agency of the UNO or any multilateral financial institution or consulate or embassy of foreign countries. |
| D. | No such concept under CGST/SGST Act. |
| Answer» C. Specialized agency of the UNO or any multilateral financial institution or consulate or embassy of foreign countries. | |
| 314. |
Every registered taxable person shall display his certificate of registration in a prominent location at his principal and at every other place of business also GSTIN shall be displayed on the name board at the entry of such places. |
| A. | No, certificate of registration to be displayed only at a registered place of business and GSTIN need not be displayed on the name board. |
| B. | Yes, above statement is correct. |
| C. | No, GSTIN to be displayed only on the invoices. |
| D. | Above statement is correct subject to certificate of registration to be displayed only at registered place of business. |
| Answer» B. Yes, above statement is correct. | |
| 315. |
Under what circumstances physical verification of business premises is mandatory? |
| A. | Physical verification of business premises is a discretionary power of proper officer. |
| B. | If additional information for registration asked by the proper officer is not submitted within specified time. |
| C. | If certificate of registration is obtained on misrepresentation of facts. |
| D. | If photograph of the business premise is not uploaded in the common portal within specified time. |
| Answer» A. Physical verification of business premises is a discretionary power of proper officer. | |
| 316. |
Business which has centralized registration under erstwhile Act |
| A. | Shall obtain a centralized registration under GST Law |
| B. | Shall obtain separate registration in each state from where it is making taxable supplies |
| C. | Shall obtain registration on temporary basis |
| D. | No need to apply for registration under GST |
| Answer» B. Shall obtain separate registration in each state from where it is making taxable supplies | |
| 317. |
Every person registered under any of the existing laws, who is not liable to be registered under the Act may, on or before , at his option, submit an application in FORM GST REG-29 for the cancellation of registration granted to him |
| A. | September 30, 2018 |
| B. | October 31, 2018 |
| C. | November 30, 2018 |
| D. | March 31, 2019 |
| Answer» D. March 31, 2019 | |
| 318. |
Who will take registration on services in relation to transportation of goods (including used household for personal use) if, GTA avails ITC on supplies made by him |
| A. | GTA, forward charge |
| B. | GTA, RCM |
| C. | Service receiver, forward charge |
| D. | Service receiver, RCM |
| Answer» A. GTA, forward charge | |
| 319. |
Which one of the following is true? |
| A. | A person can’t collect tax unless he is registered. |
| B. | Registered person not liable to collect tax till his aggregate turnover exceeds ` 20 lakhs/ ` 10 lakhs as the case may be. |
| C. | A person can collect the tax during the period of his provisional registration. |
| D. | None of the above |
| Answer» A. A person can’t collect tax unless he is registered. | |
| 320. |
An E-commerce operator should get registered irrespective of his threshold limit? |
| A. | Yes |
| B. | No, required to register only if his aggregate turnover exceeds the threshold limit. |
| C. | He is required to register if he is liable to collect tax at source and his aggregate turnover exceeds the threshold limit. |
| D. | None of the above |
| Answer» A. Yes | |
| 321. |
Which of the following require compulsory registration, irrespective of threshold limit ? |
| A. | Casual taxable person |
| B. | Non Resident taxable person |
| C. | Person liable to pay under Reverse Charge Mechanism |
| D. | All of the above |
| Answer» D. All of the above | |
| 322. |
A person not required to obtain registration if he is required to pay tax under reverse charge and there are no taxable supplies made by him. |
| A. | Incorrect, if person who are required to pay tax under reverse charge, irrespective of threshold shall obtain registration. |
| B. | Incorrect, if person who are required to pay tax under reverse charge obtain registration only if such value of supplies under reverse charge exceeds the threshold limit. |
| C. | Above statement is correct |
| D. | A person is required to obtain registration if he is required to pay tax under reverse charge and also he is also making taxable supplies irrespective of the threshold limit. |
| Answer» A. Incorrect, if person who are required to pay tax under reverse charge, irrespective of threshold shall obtain registration. | |
| 323. |
Mr. A has started supply of goods and services in Delhi. He is required to obtain registration, if his aggregate turnover exceeds during a financial year. |
| A. | 10 lakh |
| B. | 20 lakh |
| C. | 30 lakh |
| D. | 50 lakh |
| Answer» B. 20 lakh | |
| 324. |
Aggregate turnover includes |
| A. | Taxable supplie |
| B. | Exempt supplies |
| C. | Exports |
| D. | All of the above |
| Answer» D. All of the above | |
| 325. |
Which of the following persons are compulsorily required to obtain registration? |
| A. | Persons making any inter-State taxable supply |
| B. | Non-resident taxable persons making taxable supply |
| C. | Casual taxable persons making taxable supply |
| D. | All of the above |
| Answer» D. All of the above | |
| 326. |
Which of the following persons are not liable for registration? |
| A. | Any person engaged exclusively in supplying services wholly exempt from tax |
| B. | Casual Taxable Person |
| C. | Both (a) and (b) |
| D. | None of the above |
| Answer» A. Any person engaged exclusively in supplying services wholly exempt from tax | |
| 327. |
Rohan Toys is a registered supplier of goods in Delhi. It intends to attend a 7 days’ Business Fair organised in Mumbai (next month) where it does not have a fixed place of business. Examine which of the following statements are true for Rohan Toys: |
| A. | Rohan Toys is not required to obtain registration in Mumbai for attending a 7 days’ Business Fair. |
| B. | Rohan Toys has to obtain registration as a casual taxable person for attending the Business Fair. |
| C. | Rohan Toys has to obtain a Unique Identification Number for attending the Business Fair. |
| D. | None of the above |
| Answer» B. Rohan Toys has to obtain registration as a casual taxable person for attending the Business Fair. | |
| 328. |
Every supplier shall be liable to be registered under this Act in the State or Union Territory, other than Special Category States, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds |
| A. | 10 lakh |
| B. | 25 lakhs |
| C. | 1.5 crores |
| D. | 20 lakhs |
| Answer» D. 20 lakhs | |
| 329. |
Where a person makes taxable supplies of goods or services or both from any of the Special Category States, he shall be liable to be registered if his aggregate turnover in a financial year exceeds |
| A. | 10 lakh |
| B. | 25 lakhs |
| C. | 1.5 crores |
| D. | 20 lakhs |
| Answer» A. 10 lakh | |
| 330. |
The calculation of aggregate turnover to decide the registration limit will be based on |
| A. | State wise Turnover |
| B. | State wise Turnover excluding Export |
| C. | All over India Turnover |
| D. | All over Turnover excluding Export |
| Answer» C. All over India Turnover | |
| 331. |
Taxable minimum turnover limit in GST that is applicable to the State of Maharashtra |
| A. | 10 lakh |
| B. | 25 lakhs |
| C. | 1.5 crores |
| D. | 20 lakhs |
| Answer» D. 20 lakhs | |
| 332. |
The dealers who are not eligible for any threshold limit for registration under GST law are? |
| A. | Input Service Distributors and Dealers making supply through Electronic Commerce Operator |
| B. | Casual Dealers and Non-resident Taxable Persons |
| C. | Dealers making inter-state supplies and those having Reverse Charge Liability |
| D. | All of the above |
| Answer» D. All of the above | |
| 333. |
Suppose a dealer who is a resident of Delhi has business places both at Delhi and Uttar Pradesh. From where does he have to take GST registration? |
| A. | From Delhi only |
| B. | From Uttar Pradesh only |
| C. | He has to take separate GST registration both at Delhi and Uttar Pradesh with the same PAN |
| D. | From either of the states |
| Answer» C. He has to take separate GST registration both at Delhi and Uttar Pradesh with the same PAN | |
| 334. |
Suppose one Multi National Company (MNC) has places of business all over India. Can such an MNC take a single centralised GST registration? |
| A. | Yes |
| B. | No (it has to take registration in all the states from where it makes supplies of goods or services) |
| C. | Registration only from the state in which its Head Office in India is situated |
| D. | Either (a) or (c) |
| Answer» B. No (it has to take registration in all the states from where it makes supplies of goods or services) | |
| 335. |
Are all suppliers mandatorily required to obtain registration? |
| A. | Yes |
| B. | Not required if he is an agriculturist or person exclusively engaged in supplying exempt goods or services |
| C. | Not required if he is an agriculturist or person exclusively engaged in supplying exempt goods or services and for others if the specified threshold exceeds in any financial year |
| D. | No only if the specified threshold exceeds in any financial year |
| Answer» C. Not required if he is an agriculturist or person exclusively engaged in supplying exempt goods or services and for others if the specified threshold exceeds in any financial year | |
| 336. |
The supply of goods after the completion of the Job work from the registered place of business place of a Job worker |
| A. | The Principal who despatched the goods for Job work |
| B. | The Job worker |
| C. | Either of the party |
| D. | Deemed supply of the Job worker |
| Answer» A. The Principal who despatched the goods for Job work | |
| 337. |
Where a business carried on by a taxable person registered under this Act is transferred to another person as a going concern, |
| A. | Transferror’s registration shall be taken as transferee’s registration |
| B. | The transferee shall be liable to be registered w.e.f. the date of transfer |
| C. | Both transferor and transferee are required to obtain fresh registration |
| D. | None of the above |
| Answer» B. The transferee shall be liable to be registered w.e.f. the date of transfer | |
| 338. |
Shall a dealer making the exclusive supply of Liquor or Petrol, Diesel and Crude Oil have to take registration under the GST Act? |
| A. | Ye |
| B. | No |
| C. | Optional |
| D. | Either (a) or (c) |
| Answer» B. No | |
| 339. |
Who is called a Deemed supplier of Services? |
| A. | Input Service Distributor |
| B. | Job Worker |
| C. | Agent |
| D. | Subsidiary Company |
| Answer» A. Input Service Distributor | |
| 340. |
Threshold limit of registration is applicable to the following persons |
| A. | Input Service Distributor, whether or not separately registered under this Act |
| B. | Non-resident taxable persons making taxable supply |
| C. | Every Electronic Commerce Operator |
| D. | None of the above |
| Answer» D. None of the above | |
| 341. |
Which of the following statements are correct? |
| A. | Voluntary registration is not possible under GST |
| B. | Voluntary registered person not liable to comply with all the provisions of the GST |
| C. | A person may get himself registered voluntary and shall comply with all the provisions of the Act |
| D. | None of the above |
| Answer» C. A person may get himself registered voluntary and shall comply with all the provisions of the Act | |
| 342. |
Which of these registers/ledgers are maintained online? |
| A. | Tax liability register |
| B. | Credit ledger |
| C. | Cash ledger |
| D. | All of them |
| Answer» D. All of them | |
| 343. |
Payment made through challan will be credited to which registers/ledgers? |
| A. | Electronic Tax liability register |
| B. | Electronic Credit ledger |
| C. | Electronic Cash ledger |
| D. | All of them |
| Answer» C. Electronic Cash ledger | |
| 344. |
What is deemed to be the date of deposit in the electronic cash ledger? |
| A. | Date on which amount gets debited in the account of the taxable person |
| B. | Date on which payment is initiated and approved by the taxable person |
| C. | Date of credit to the account of the appropriate Government |
| D. | Earliest of the above three dates |
| Answer» C. Date of credit to the account of the appropriate Government | |
| 345. |
What gets debited to the electronic credit ledger? |
| A. | Matched input tax credit |
| B. | Provisionally input tax credit |
| C. | Unmatched input tax credit |
| D. | All of them |
| Answer» D. All of them | |
| 346. |
Balance in electronic credit ledger can be utilized against which liability? |
| A. | Output tax payable |
| B. | Interest |
| C. | Penalty |
| D. | All of them |
| Answer» A. Output tax payable | |
| 347. |
Balance in electronic credit ledger under IGST can be used against which liability? |
| A. | IGST Liability only |
| B. | IGST and CGST liability |
| C. | IGST, CGST and SGST liability |
| D. | None of them |
| Answer» C. IGST, CGST and SGST liability | |
| 348. |
Balance in electronic credit ledger under CGST can be used against which liability? |
| A. | CGST Liability only |
| B. | CGST and IGST liability |
| C. | CGST, IGST and SGST liability |
| D. | None of them |
| Answer» B. CGST and IGST liability | |
| 349. |
Balance in electronic credit ledger under SGST can be used against which liability? |
| A. | SGST Liability only |
| B. | SGST and IGST liability |
| C. | SGST, IGST and CGST liability |
| D. | None of them |
| Answer» B. SGST and IGST liability | |
| 350. |
What should the taxable person do if he pay’s the wrong tax i.e. IGST instead of CGST/SGST or vice versa? |
| A. | Remit tax again and claim refund |
| B. | It will be auto-adjusted |
| C. | It will be adjusted on application/request |
| D. | None of the above |
| Answer» A. Remit tax again and claim refund | |
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.