Q81: Where the entire consideration has been received after issuance of completion certificate or after its first occupation is
- A. Transfer of goods
- B. Transfer of service
- C. Transfer of immovable property
- D. None of these
Answer
Answer C. Transfer of immovable property
Q82: Services by an employee to the employer in the course of or in relation to his employment is
- A. Supply of goods
- B. Supply of services
- C. Supply of both goods and services
- D. Not supply
Answer
Answer D. Not supply
Q83: In the case of composite supply the rate of tax is
- A. Average rate of tax
- B. Rate of principal supply
- C. Highest rate
- D. None of these
Answer
Answer B. Rate of principal supply
Q84: A DTH company supplies a dish, set top box, 3 year repairing and subscription of 500 channels for five years services as a package to the customers for Rs 25000. This is a
- A. Mixed Supply
- B. Joint Supply
- C. Composite supply
- D. Not Supply
Answer
Answer C. Composite supply
Q85: One tooth paste, tooth brush, and a soap sold in a packet for Rs. 50 is
- A. Mixed supply
- B. Composite supply
- C. Joint supply
- D. Not supply
Answer
Answer A. Mixed supply
Q86: On service provided by E- Commerce operator
- A. GST not applicable
- B. GST applicable
- C. Reverse charge applicable
- D. IGST applicable
Answer
Answer B. GST applicable
Q87: GST was implemented in India from
- A. 1st January 2017
- B. 1st April 2017
- C. 1st March 2017
- D. 1st July 2017
Answer
Answer D. 1st July 2017
Q88: In India, the GST is a dual model of
- A. UK
- B. Canada
- C. USA
- D. Japan E China
Answer
Answer B. Canada
Q89: GST is a consumption of goods and service tax based on
- A. Development
- B. Dividend
- C. Destiny
- D. Duration
- E. Destination
Answer
Answer E. Destination
Q90: India’s GST structures are based on how many structures?
- A. 6
- B. 4
- C. 3
- D. 5
Answer
Answer B. 4
Q91: The maximum rate for CGST is?
- A. 28
- B. 12
- C. 18
- D. 20
Answer
Answer D. 20
Q92: A new mobile handset is supplied for Rs. 10000, exchanging an old phone. Without exchange offer the price of handset is Rs. 25000. Market value of similar phones is Rs. 20000. What is the value of supply
- A. 10000
- B. 20000
- C. 25000
- D. either 25000 or 20000
Answer
Answer C. 25000
Q93: Input tax credit is not available for
- A. Services
- B. Zero Rated supplies
- C. Taxable supplies
- D. Exempt supplies
Answer
Answer D. Exempt supplies
Q94: Input tax credit in respect of rent a cab, life insurance and health insurance belong to
- A. Exempt category
- B. Blocked credit category
- C. Composite tax category
- D. None of these
Answer
Answer B. Blocked credit category
Q95: In the case of reversal of input tax credit, interest at the rate of. % is applicable
- A. 8%
- B. 12%
- C. 18%
- D. 24%
Answer
Answer C. 18%
Q96: Reversal of input tax credit happens when a person fails to pay the amount of price including tax to the supplier within a period of
- A. 180 days
- B. 30 days
- C. 60 days
- D. 90 days
Answer
Answer A. 180 days
Q97: Input service distributor shall distribute the credit of CGST
- A. Either as CGST or IGST
- B. As CGST only
- C. SGST only
- D. Either CGST or SGST
Answer
Answer A. Either as CGST or IGST
Q98: Tax credit in respect of goods or inputs sent for job work can be claimed by
- A. Job worker
- B. Principal
- C. Either by job worker or Principal
- D. Not eligible for input credit
Answer
Answer B. Principal
Q99: A registered person need not issue a tax invoice if the value of supply less than
- A. 100
- B. 200
- C. 500
- D. 1000
Answer
Answer B. 200
Q100: A registered person supplying exempted goods or services or paying composition tax under section 10 shall issue
- A. GST Bill
- B. Bill of Supply
- C. Receipt voucher
- D. Debit note
Answer
Answer B. Bill of Supply
Q101: After issuing a receipt voucher for advance payment, if no supply is made
- A. Refund voucher
- B. Debit note
- C. Tax invoice
- D. Bill of supply
Answer
Answer A. Refund voucher
Q102: An unregistered person
- A. Is allowed to collect GST
- B. Is not allowed to collect GST
- C. Is allowed to collect composite tax
- D. Is allowed to collect reverse tax
Answer
Answer B. Is not allowed to collect GST
Q103: The original copy of a tax invoice of goods belongs to
- A. Recipient of supply
- B. Transporter of supply
- C. The Supplier
- D. GST department
Answer
Answer A. Recipient of supply
Q104: The duplicate copy of a tax invoice of goods belongs to
- A. Recipient of supply
- B. Transporter Supply
- C. The supplier
- D. GST Department
Answer
Answer B. Transporter Supply
Q105: A bill of supply is issued in the case of
- A. Taxable goods
- B. Reverse charge
- C. Exempt goods
- D. Composite supply
Answer
Answer C. Exempt goods
Q106: A debit note is issued to tbe recipient of goods or services if
- A. Taxable value is found to be excess
- B. The goods are returned by the recipient
- C. Goods supplied are found to be deficient
- D. Tax charged is found to be lesser
Answer
Answer D. Tax charged is found to be lesser
Q107: The eligible input tax will be automatically credited to the
- A. Electronic credit ledger
- B. Electronic cash ledger
- C. Electronic Liability register
- D. None of these
Answer
Answer A. Electronic credit ledger
Q108: Every deposit made towards tax shall be credited to
- A. Electronic credit ledger
- B. electronic cash ledger
- C. Electronic liability register
- D. None of these
Answer
Answer B. electronic cash ledger
Q109: For the purpose of TDS, the value of supply shall be taken as the amount in the invoice
- A. Including tax
- B. Excluding tax
- C. Before discount
- D. None of these
Answer
Answer B. Excluding tax
Q110: The limit of exclusive economic zone of India is from the nearest point of the baseline
- A. 200 nautical miles
- B. 12 nautical miles
- C. 24 nautical miles
- D. 100 nautical miles
Answer
Answer A. 200 nautical miles
Q111: Indian customs waters means the waters extending into the sea up to
- A. The limit of Exclusive Economic Zone
- B. 24 NM from baseline
- C. 123 NM from baseline
- D. None of the above
Answer
Answer A. The limit of Exclusive Economic Zone
Q112: Mr. Kumar sold goods worth Rs. 40000 to Mr. Lalu on 2.8.2019, but the payment was received from Mr. Lalu on 2.10.2019. time of suppy is
- A. 02.08.2019
- B. 02.10.2019
- C. either 2.8.2019 or 2.10.2019
- D. None of these
Answer
Answer A. 02.08.2019
Q113: Collection of Tax at source is relevant in the case of
- A. Government department
- B. E- commerce operators
- C. Any GST dealers
- D. Contractors
Answer
Answer B. E- commerce operators
Q114: TCS rate under GST is
- A. 5%
- B. 2%
- C. 3%
- D. 1%
Answer
Answer D. 1%
Q115: E-Commerce operators should submit return of TCS
- A. Monthly
- B. Every three months
- C. Every year
- D. Monthly and annually
Answer
Answer D. Monthly and annually
Q116: GST Council meeting is convened
- A. Every week
- B. Every month
- C. Every 3 months
- D. Any time as required
Answer
Answer D. Any time as required
Q117: Validity of E-Way bill is
- A. One day for each 100 kms
- B. Two days for each 100 kms
- C. One day for each 200 kms
- D. One day for each 500 kms
Answer
Answer A. One day for each 100 kms
Q118: Which among the following is not related to EWay bill
- A. RFID
- B. IRN
- C. Form GST INS-01
- D. GSTR-9
Answer
Answer D. GSTR-9
Q119: Electronic way bill is compulsory to move goods of worth
- A. Rs. 10000 or more
- B. Rs 20000 or more
- C. Rs. 50000 or more
- D. Rs 100000 or more
Answer
Answer C. Rs. 50000 or more
Q120: Protective assessment under Sec 64 is also called
- A. Summary Assessment
- B. Self-Assessment
- C. Provisional Assessment
- D. Best Judgment assessment
Answer
Answer A. Summary Assessment
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