Q201: What is the difference between a direct & an indirect tax?
- A. Charge of levy
- B. Nature of transfer
- C. Different collection pattern of tax
- D. All of the above
Answer
Answer D. All of the above
Q202: Which of the following constitutional amendment governs GST act?
- A. 101st amendment
- B. 122nd amendment
- C. 152nd amendment
- D. 140th amendment
Answer
Answer A. 101st amendment
Q203: What kinds of taxes are subsumed under GST?
- A. Central excise duty
- B. State VAT/Sales Tax
- C. Central Sales Tax
- D. Service Tax
- E. All of the above
Answer
Answer E. All of the above
Q204: Which of the taxes are out of purview of GST?
- A. Property tax & stamp duty
- B. Additional duties of Custom (CVD & SAD)
- C. Excise duty on Alcohol
- D. Entertainment tax by local body
- E. Only (a) & (c)
Answer
Answer E. Only (a) & (c)
Q205: The proceeds of the GST Compensation Cess leviable under section 8 shall be distributed among States as and when collected
- A. Yes
- B. No
Answer
Answer B. No
Q206: Which One of the following states does not fall under special category given under Article 279A of the Constitution
- A. Himachal Pradesh
- B. Uttarakhand
- C. Chhattisgarh
- D. Jammu & Kashmir
Answer
Answer C. Chhattisgarh
Q207: The items which will be taxable both under current Central Excise Law and GST even after the implementation of the GST Act
- A. Motor Spirit
- B. Alcoholic Liquor for Human Consumption
- C. Tobacco and Tobacco Products
- D. Natural Gas
Answer
Answer C. Tobacco and Tobacco Products
Q208: ITC of CGST can be utilized for payment of
- A. Only CGST
- B. Only SGST
- C. 1st CGST & then IGST
- D. 1st SGST & then IGST
Answer
Answer C. 1st CGST & then IGST
Q209: Which of the following is not a supply as per section 7 of the CGST Act
- A. Management consultancy services not in course furtherance of business
- A. Import of service for consideration not in course furtherance of business
- C. Both and (a) (b)
- D. None of the above
Answer
Answer A. Management consultancy services not in course furtherance of business
Q210: Which of the following activities is a supply of services?
- A. Transfer of right in goods/ undivided share in goods without transfer of title in goods
- B. Transfer of title in goods
- C. Transfer of title in goods under an agreement which stipulates that property shall pass at a future date
- D. All of the above
Answer
Answer A. Transfer of right in goods/ undivided share in goods without transfer of title in goods
Q211: A___supply comprising of two or more supplies shall be treated as the supply of that particular supply that attracts highest rate of tax
- A. Composite
- B. Mixed
- C. Both (a) and (b)
- D. None of the above
Answer
Answer B. Mixed
Q212: What is the status of. money and securities under GST law
- A. Treated as Goods
- B. Treated as Services
- C. Treated neither as Goods nor as Services
- D. Status is not clear
Answer
Answer C. Treated neither as Goods nor as Services
Q213: XYZ Pvt. Ltd. manufactures the jeans on order of ABC Pvt. Ltd. Further, after manufacturing, it also gets it delivered to ABC Ltd. & gets the in transit insurance done. What kind of supply is this?
- A. Mixed supply
- B. Composite supply
- C. None of the above
- D. Either a or b above
Answer
Answer B. Composite supply
Q214: M/s X Ltd. a dealer offer combo packs of shirt, watch, wallet, book and they are bundled as a kit and this kit is supplied for a single price as a mixed supply. Tax rate for shirt, watch, wallet and book are 12%, 18%, 5% and Nil respectively. The mixed supply will be taxed at
- A. 12%
- B. 18%
- C. 5%
- D. Nil
Answer
Answer B. 18%
Q215: Mr. Vishal has head office in pune and has branches in state of Gujarat, Goa, and Punjab. Mr. Vishal send goods to its branch Goa worth 2, 50,000 in a own ` conveyance. Value of conveyance 15, 00,000 and ` With the conveyance some tools and spares parts are also send worth 50,000. Calculate total value of `taxable supply on which GST is payable
- A. 3,00,000
- B. 2,50,000
- C. 18,00,000
- D. 15,50,000
Answer
Answer B. 2,50,000
Q216: Mr. Amar being a managing director of Alpha Project Pvt. Ltd. made gifts to his employee’s worth of INR 60,000 each for assisting in the architectural work of his house. Does the same be considered supply?
- A. Yes, since the value of gift exceeds the provided limit of INR 50,000
- B. No, since the gift is not made in course or furtherance of business
- C. As per the option of appropriate authority
- D. Either b or c above
Answer
Answer B. No, since the gift is not made in course or furtherance of business
Q217: Silk yarn procured by M/s ABC Silks Ltd. from a Trader, GST is payable by
- A. Trader
- B. M/s ABC Silks Ltd
- C. Both the above
- D. None of the above
Answer
Answer A. Trader
Q218: In case of GTA Services, provided to an Individual not registered under GST and not a business entity, liability to pay GST is on
- A. Supplier
- B. Recipient
- C. Both
- D. None of the above
Answer
Answer A. Supplier
Q219: Services by an Insurance Agent to Ms. ABC Insurance Co. Ltd., GST is to be paid by
- A. Insurance Agent
- B. ABC Insurance Co. Ltd
- C. Both
- D. None of the above
Answer
Answer B. ABC Insurance Co. Ltd
Q220: Sitting Fees received by director of XYZ Ltd., is liable for GST in the hands of the___
- A. Director
- B. XYZ Ltd
- C. Both of above
- D. None of the above
Answer
Answer B. XYZ Ltd
Q221: Mr. A was having Rs. 50,000 in his credit ledger in the month of January, 2018 and in the same month he made purchases on which tax of Rs. 30,000 under RCM was to be paid. Which of the following method can be used for the same?
- A. Pay Rs. 30,000 by utilizing ITC of Rs. 50,000
- B. Pay Rs. 30,000 from cash ledger
- C. Pay Rs. 15,000 by cash and utilize ITC for the balance amount
- D. Anyone of the above can be followed
Answer
Answer B. Pay Rs. 30,000 from cash ledger
Q222: A radio taxi driver has provided his services through Electronic Commerce Operator. Kuber Cabs. The tax on such supplies shall be paid by the
- A. Electronic Commerce Operator. Kuber Cabs
- B. Radio taxi driver
- C. Customer receiving the services from radio taxi driver
- D. None of the above
Answer
Answer A. Electronic Commerce Operator. Kuber Cabs
Q223: GTA is under expansion mode and is acquiring lot of trucks for the transportation. It wants to take the ITC on such capital goods. What rate shall he charge in order to avail the ITC?
- A. 18%
- B. 12%
- C. 5%
- D. 28%
Answer
Answer B. 12%
Q224: Mr. B, a GTA in Delhi supplied services of Rs. 60,000 to Mr. Q, a registered person in Delhi and the entire amount was being paid to the GTA. What shall be the tax amount to be paid under RCM?
- A. Rs. 1,500 each in CGST and Delhi GST
- B. Rs. 3,000 in IGST
- C. Rs. 2,857 each in CGST and Delhi GST
- D. Rs. 2,857 in IGST
Answer
Answer A. Rs. 1,500 each in CGST and Delhi GST
Q225: Mr. Vishal is appointed as a director of ABC Ltd. company (not in capacity of employee) and earn sitting fees ` 5, 00,000. Who is liable to pay GST?
- A. Mr. Vishal
- B. ABC Ltd. Company
- C. Exempt supply
- D. Not cover in a supply
Answer
Answer B. ABC Ltd. Company
Q226: ABC Ltd. avail service of Rudra goods transport agency for transportation of goods from factory located in Mumbai to its Nasik depot and paid freight `1, 00,000 and GST is applicable @ 5%. Who will pay GST?
- A. Rudra goods transport agency
- B. ABC Ltd. Co
- C. Both a 50% and b 50%
- D. None of the above
Answer
Answer B. ABC Ltd. Co
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