Q1: The headquarters of GST council is located at
- A. New Delhi
- B. Luck now
- C. Ahmadabad
- D. Mumbai
Answer
Answer A. New Delhi
Q2: Which state became the first state of India to ratify GST bill?
- A. Bihar
- B. Telangana
- C. Assam
- D. Andhra Pradesh
Answer
Answer C. Assam
Q3: A special purpose vehicle has been launched to cater the needs of GST
- A. GSTS
- B. GSTR
- C. GSTM
- D. GSTN
Answer
Answer D. GSTN
Q4: Who is the chairman of GST Council
- A. RBI Governor
- B. Prime Minister
- C. Finance Secretary
- D. Finance minister
Answer
Answer D. Finance minister
Q5: GST is a based tax on consumption of goods and services
- A. Origin
- B. Destiny
- C. Development
- D. Destination
Answer
Answer D. Destination
Q6: In which year GST was first proposed in India?
- A. 2000
- B. 2002
- C. 2004
- D. 2006
Answer
Answer A. 2000
Q7: In IGST I stand for
- A. Intra
- B. Integrated
- C. Internal
- D. Innovation
Answer
Answer B. Integrated
Q8: Which of the following comes under sin tax?
- A. Pan Masala
- B. Tobacco
- C. Alcohol
- D. All the above
Answer
Answer D. All the above
Q9: GSTN comes under which act
- A. Banking Regulation Act 1949
- B. RBI Act 1934
- C. Companies act 2013
- D. Indian partnership act 1932
Answer
Answer C. Companies act 2013
Q10: First state that passed GST bill
- A. Bihar
- B. Telangana
- C. Gujarat
- D. Andhra Pradesh
Answer
Answer B. Telangana
Q11: Types of GST in India
- A. 2
- B. 3
- C. 4
- D. 5
Answer
Answer C. 4
Q12: What is integrated goods and services tax?
- A. Tax on international trade
- B. Tax imposed on interstate trade
- C. Tax imposed on value additions to exports
- D. Tax imposed on imported goods and services
Answer
Answer B. Tax imposed on interstate trade
Q13: GST will be levied on
- A. Manufacture
- B. Retailer
- C. Consumer
- D. All the above
Answer
Answer D. All the above
Q14: Which of the following tax is abolished by GST
- A. Service Tax
- B. Income Tax
- C. Wealth Tax
- D. Corporation Tax
Answer
Answer A. Service Tax
Q15: What kind of Tax is GST
- A. Direct Tax
- B. Indirect Tax
- C. Depends on the type of goods and services
- D. None of the above
Answer
Answer B. Indirect Tax
Q16: Which constitutional amendment is done to pass the GST bill
- A. 101st
- B. 120th
- C. 122nd
- D. 115th
Answer
Answer A. 101st
Q17: Which of the following good will not be covered under the GST bill
- A. Cooking gas
- B. Liquor
- C. Petrol
- D. All the above
Answer
Answer D. All the above
Q18: GST threshold limit barring North East and hill states is
- A. 10 lakhs
- B. 15 lakhs
- C. 17 laksh
- D. 25 lakhs
Answer
Answer A. 10 lakhs
Q19: In India GST became effective from
- A. 1st April 2017
- B. 1st January 2017
- C. 1st July 2017
- D. 1st March 2017
Answer
Answer C. 1st July 2017
Q20: Indian GST model has rate structure
- A. 3
- B. 4
- C. 5
- D. 6
Answer
Answer B. 4
Q21: How will the goods and services be classified under GST regime
- A. SAC/HSN Code
- B. HSN Code
- C. SAC Code
- D. GST Code
Answer
Answer A. SAC/HSN Code
Q22: HSN code stands for
- A. Home shopping network
- B. Hormonised system of nomenclature
- C. Harmonised system number
- D. Home state number
Answer
Answer B. Hormonised system of nomenclature
Q23: As a result of constitution amendment for GST a separate list has been inserted
- A. Article 246A
- B. Article 146B
- C. Article 122 C
- D. Article 101B
Answer
Answer A. Article 246A
Q24: The incidence of tax on tax is called
- A. Tax pyramiding
- B. Tax evasion
- C. Tax cascading
- D. Indirect tax
Answer
Answer C. Tax cascading
Q25: Under GST value addition refers to
- A. Cost plus profit
- B. Expenses plus profit
- C. Cost plus tax plus profit
- D. Tax plus profit
Answer
Answer B. Expenses plus profit
Q26: The tax which was not merged into GST
- A. Countervailing Tax
- B. Excise Duty
- C. Basic Customs duty
- D. Purchase Tax
Answer
Answer C. Basic Customs duty
Q27: When a GST dealer in Kerala sells a product to a GST dealer in Tamilnadu, the tax collected is
- A. SGST
- B. UTGST
- C. IGST
- D. CGST
Answer
Answer C. IGST
Q28: After introduction of GST, supplied to SEZ are Subject to
- A. IGST
- B. Subject to CGST and SGST
- C. Zero Rated
- D. SGST+CGST+IGST
Answer
Answer C. Zero Rated
Q29: Which of the following is an intrastate supply?
- A. Supplier of goods located in Nagpur and place of supply is in Mumbai
- B. Supplier of goods located in Kolkata and place of supply of goods in Bangalore
- C. Supplier of goods located in Goa and place of supply of goods in Goa
- D. All the above
Answer
Answer C. Supplier of goods located in Goa and place of supply of goods in Goa
Q30: Goods are packed and transported with insurance packing material, transport and insurance is a
- A. Mixed supply
- B. Composite supply
- C. Common supply
- D. Continuous supply
Answer
Answer B. Composite supply
Q31: Indian oil corporation limited sells 10000 liters of petrol every day to a petrol pump and invoices the same every week is a case of
- A. Mixed supply
- B. Composite supply
- C. Common supply
- D. Continuous supply
Answer
Answer D. Continuous supply
Q32: Any good other than capital goods used or intended to be used by a supplier in the course or furtherance of business is
- A. Input
- B. Output
- C. Merit goods
- D. White goods
Answer
Answer A. Input
Q33: Receipt of goods or services or both whether by purchase, acquisition or any other means with or without consideration
- A. Outward Supply
- B. Inward supply
- C. Taxable supply
- D. None of these
Answer
Answer B. Inward supply
Q34: Two or more individual, supplies the goods or services or any combination thereof made in conjunction with each other
- A. Mixed Supply
- B. Composite Supply
- C. Common Supply
- D. Continuous Supply
Answer
Answer A. Mixed Supply
Q35: Output tax of a taxable person
- A. Includes reverse charge
- B. Excludes reverse charge
- C. Includes composite tax
- D. Includes all the taxes
Answer
Answer B. Excludes reverse charge
Q36: Supply of goods or services which constitutes the predominant element of a composite supply is called
- A. Common supply
- B. Principal supply
- C. Mixed supply
- D. Continuous supply
Answer
Answer B. Principal supply
Q37: Liability to pay tax by the recipient of supply of goods or services is called
- A. Output tax
- B. Input tax
- C. Reverse charge
- D. None of the above
Answer
Answer C. Reverse charge
Q38: The maximum limit of IGST rate fixed in the Act is
- A. 18%
- B. 28%
- C. 40%
- D. 100%
Answer
Answer C. 40%
Q39: The place of supply of goods imported into India shall be
- A. The location of exporter
- B. The location of importer
- C. State in which imported goods reaches first
- D. Place of supply not applicable
Answer
Answer B. The location of importer
Q40: The place of supply of goods exported from India shall be
- A. The location outside India
- B. The location of the exporter
- C. State in which exported goods reaches first
- D. Place of supply not applicable
Answer
Answer A. The location outside India
Total Views: 7
