Quiznetik

Indirect Taxes- GST | Set 4

1. 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.

Correct : C. A person may get himself registered voluntarily and shall comply with all the provisions of GST.

2. 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

Correct : B. Yes, but non-resident taxable person may be granted registration on the basis of any other document.

3. 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

Correct : D. He is required to register if he is liable to collect tax at source and /or his aggregate turnover

4. What is the validity of the registration certificate?

A. One year

B. No validity

C. Valid till it is cancelled

D. Five years

Correct : C. Valid till it is cancelled

5. 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

Correct : C. Earliest of (a) or (b) above

6. 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

Correct : D. All of the above

7. 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)

Correct : A. Liable to cancellation of registration by proper officer.

8. 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.

Correct : D. Cancellation does not affect the liability of taxable person to pay tax and other dues under CGST/SGST/IGST Act.

9. 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.

Correct : D. Within 30 days from the date of service of the cancellation order.

10. Which of the following statements are correct? (i) Revocation of cancellation of registration under CGST/SGST Act shall be deemed to be a revocation of cancellation of registration under SGST/CGST Act. (ii) Cancellation of registration under CGST/SGST Act shall be deemed to be a cancellation of registration under SGST/CGST Act. (iii) Revocation of cancellation of registration under CGST/SGST Act shall not be deemed to be a revocation of cancellation of registration under SGST/CGST Act. (iv)Cancellation of registration under CGST/SGST Act shall not be deemed to be a cancellation of registration under SGST/CGST Act.

A. (i) and (ii)

B. (i) and (iv)

C. (ii) and (iii)

D. (iii) and (iv)

Correct : A. (i) and (ii)

11. 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

Correct : A. Non- Resident taxable person

12. 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

Correct : A. FORM GST REG-06, Common Portal

13. 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.

Correct : C. Specialized agency of the UNO or any multilateral financial institution or consulate or embassy of foreign countries.

14. 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.

Correct : B. Yes, above statement is correct.

15. 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.

Correct : A. Physical verification of business premises is a discretionary power of proper officer.

16. 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

Correct : B. Shall obtain separate registration in each state from where it is making taxable supplies

17. 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

Correct : D. March 31, 2019

18. 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

Correct : A. GTA, forward charge

19. 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

Correct : A. A person can’t collect tax unless he is registered.

20. 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

Correct : A. Yes

21. 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

Correct : D. All of the above

22. 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.

Correct : A. Incorrect, if person who are required to pay tax under reverse charge, irrespective of threshold shall obtain registration.

23. 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

Correct : B. 20 lakh

24. Aggregate turnover includes

A. Taxable supplie

B. Exempt supplies

C. Exports

D. All of the above

Correct : D. All of the above

25. 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

Correct : D. All of the above

26. 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

Correct : A. Any person engaged exclusively in supplying services wholly exempt from tax

27. 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

Correct : B. Rohan Toys has to obtain registration as a casual taxable person for attending the Business Fair.

28. 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

Correct : D. 20 lakhs

29. 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

Correct : A. 10 lakh

30. 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

Correct : C. All over India Turnover

31. 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

Correct : D. 20 lakhs

32. 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

Correct : D. All of the above

33. 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

Correct : C. He has to take separate GST registration both at Delhi and Uttar Pradesh with the same PAN

34. 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)

Correct : B. No (it has to take registration in all the states from where it makes supplies of goods or services)

35. 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

Correct : 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

36. 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

Correct : A. The Principal who despatched the goods for Job work

37. 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

Correct : B. The transferee shall be liable to be registered w.e.f. the date of transfer

38. 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)

Correct : B. No

39. Who is called a Deemed supplier of Services?

A. Input Service Distributor

B. Job Worker

C. Agent

D. Subsidiary Company

Correct : A. Input Service Distributor

40. 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

Correct : D. None of the above

41. 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

Correct : C. A person may get himself registered voluntary and shall comply with all the provisions of the Act

42. Which of these registers/ledgers are maintained online?

A. Tax liability register

B. Credit ledger

C. Cash ledger

D. All of them

Correct : D. All of them

43. 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

Correct : C. Electronic Cash ledger

44. 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

Correct : C. Date of credit to the account of the appropriate Government

45. 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

Correct : D. All of them

46. Balance in electronic credit ledger can be utilized against which liability?

A. Output tax payable

B. Interest

C. Penalty

D. All of them

Correct : A. Output tax payable

47. 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

Correct : C. IGST, CGST and SGST liability

48. 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

Correct : B. CGST and IGST liability

49. 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

Correct : B. SGST and IGST liability

50. 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

Correct : A. Remit tax again and claim refund

51. What should the taxable person do if he pay’s tax under wrong GSTIN?

A. Pay again under right GSTIN and claim refund

B. Auto-adjustment

C. Adjustment on application/request

D. Raise ISD invoice and transfer

Correct : A. Pay again under right GSTIN and claim refund

52. Taxable person made an online payment of tax. Due to technical snag CIN was not generated but my bank account is debited. What should he do?

A. Wait for 24 hours for re-credit

B. Approach bank

C. File application with department

D. File return without challan

Correct : C. File application with department

53. What is the due date for payment of tax?

A. Last day of the month to which payment relates

B. Within 10 days of the subsequent month

C. Within 20 days of the subsequent month

D. Within 15 days of the subsequent month

Correct : C. Within 20 days of the subsequent month

54. A Company has head office in Bangalore and 4 branches in different states, all registered under GST and one ISD registered unit in Delhi. How many electronic cash ledgers will the company have?

A. 1

B. 4

C. 5

D. 6

Correct : C. 5

55. What is the validity of challan in FORM GST PMT-06?

A. 1 day

B. 5 days

C. 15 days

D. Forever

Correct : C. 15 days

56. Input Tax credit as credited in Electronic Credit ledger can be utilized for

A. Payment of Interest

B. Payment of penalty, fine

C. Payment of late fees

D. Payment of Taxes

Correct : D. Payment of Taxes

57. Deposits towards tax, penalty, interest, fee or any other amount are credited into the of a taxable person.

A. Electronic Credit Ledger

B. Electronic Tax Liability Ledger

C. Electronic Cash Ledger

D. All of the above

Correct : C. Electronic Cash Ledger

58. The Input Tax Credit as self-assessed by a taxable person is credited into the

A. Electronic Credit Ledger

B. Electronic Tax Liability Ledger

C. Electronic Cash Ledger

D. All of the above

Correct : A. Electronic Credit Ledger

59. Cross-Utilization of credit of available IGST after utilization towards payment of IGST is done in the following chronological order :

A. CGST then SGST/UTGST

B. SGST/UTGST then CGST

C. CGST, UTGST and SGST simultaneously

D. Only IGST

Correct : A. CGST then SGST/UTGST

60. Which of the following Statements is true?

A. ITC of CGST is first utilized for payment of CGST and the balance is utilized for payment of SGST/UTGST

B. ITC of SGST is first utilized for payment of SGST and the balance is utilized for payment of CGST

C. ITC of CGST is first utilized for payment of CGST and the balance is utilized for payment of IGST

D. All of the Above

Correct : C. ITC of CGST is first utilized for payment of CGST and the balance is utilized for payment of IGST

61. A Company has head office in Bangalore and 4 branches in different states, all registered under GST and one ISD registered unit in Delhi. How many electronic cash ledgers will the company have?

A. 1

B. 2

C. 5

D. 6

Correct : C. 5

62. Over the Counter Payment can be made in branches of Banks Authorized for deposits up to ` per challan per tax period?

A. 5,000

B. 10,000

C. 20,000

D. 40,000

Correct : B. 10,000

63. Which of the following shall be discharged first, while discharging liability of a taxable person?

A. All dues related to previous tax period

B. All dues related to current tax period

C. Additional demand raised

D. No such condition is mandatory

Correct : A. All dues related to previous tax period

64. Cross utilization of ITC is not allowed between :

A. CGST and SGST

B. SGST and IGST

C. IGST and CGST

D. None of the above

Correct : A. CGST and SGST

65. Tax paid on goods and services under Act is allowable both under SGST Act and CGST Act?

A. IGST

B. CGST

C. SGST

D. VAT

Correct : A. IGST

66. ITC includes tax payable also.

A. VAT

B. Reverse Charge

C. Excise

D. Custom laws

Correct : B. Reverse Charge

67. The amounts can be credited in E-Cash ledger by

A. Internet Banking

B. Using Credit cards or Debit Cards

C. NEFT or RTGS

D. Any of the above

Correct : D. Any of the above

68. Suppose Mr. X has a SGST credit of ` 10 lakhs in his ITC ledger and at the same time, he has a CGST output liability of ` 7 lakhs. What an amount should be deposited by Mr. X to his E-Cash ledger maintained at the GSTN portal

A. No deposit is required

B. 2 Lakhs

C. 5 Lakhs

D. 7 Lakhs

Correct : D. 7 Lakhs

69. Suppose Mr. Y has a IGST credit of ` 14 lakhs in his ITC ledger and at the same time, he has a IGST liability of ` 7 lakhs, CGST liability of ` 8 lakhs and SGST liability of ` 5 lakhs. What an amount should be deposited by Mr.Y to his E-Cash ledger maintained at the GSTN portal?

A. 6 lakhs (` 1 lakhs to SGST + ` 5 lakhs to CGST)

B. 6 lakhs (` 1 lakhs to CGST + ` 5 lakhs to SGST)

C. 6 lakhs (` 1 lakhs to IGST + ` 5 lakhs to SGST)

D. 6 lakhs (` 2 lakhs to IGST + ` 4 lakhs to SGST)

Correct : B. 6 lakhs (` 1 lakhs to CGST + ` 5 lakhs to SGST)

70. Suppose Mr. Z has a credit of ` 15 lakhs in his ITC ledger and at the same time, he has an interest arrears dues of ` 16 Lakhs and penalty dues of ` 12 lakhs. If so, how much Mr. Z has to deposit to settle the above interest and penalty dues?

A. 16 Lakh

B. 28 Lakhs

C. 12 Lakhs

D. 15 Lakhs

Correct : B. 28 Lakhs

71. A taxable person failed to pay tax and / or file returns on time. He should pay interest on ?

A. Gross tax payable

B. Gross tax payable and input credit claimed

C. Net tax payable i.e. amount to be paid after ITC set off

D. No interest payable, if reasonable cause is shown

Correct : A. Gross tax payable

72. What is the rate of interest in case of belated payment of tax ?

A. 1%

B. 10%

C. 18%

D. 24%

Correct : C. 18%

73. What is the rate of interest in case of undue or excess claim of ITC ?

A. 18%

B. 24%

C. 30%

D. 40%

Correct : B. 24%

74. Mr. A was liable to pay GST of ` 10,000 on 20-8-2019 but he failed to pay. Later he decided to pay tax on 26-10-2019. What would be the period for which interest has to be paid by him ?

A. 66 day

B. 67 days

C. 68 days

D. 70 days

Correct : B. 67 days

75. What is the date for applicability of TDS provisions ?

A. 1-7-2017

B. 1-1-2018

C. 1-9-2018

D. 1-10-2018

Correct : D. 1-10-2018

76. GST TDS provisions can apply where total value of such supply, under a contract, exceeds rupees .

A. 1 lakh

B. 1.5 lakhs

C. 5 lakhs

D. 2.5 lakhs

Correct : D. 2.5 lakhs

77. On what value TDS needs to be deducted ?

A. Contract value

B. Contract value excluding tax

C. Invoice value including tax

D. Invoice value excluding tax

Correct : D. Invoice value excluding tax

78. The amount deducted as tax (TDS) shall be paid to the credit of the Government by the deductor within .

A. Last day of the month to which payment relates

B. 10 days from the relevant period

C. 15 days from the relevant period

D. 20 days from the relevant period

Correct : B. 10 days from the relevant period

79. What is the rate of tax for tax collected at source ?

A. 0.5% each CGST and SGST

B. 2% of IGST

C. Both (a) and (b)

D. None of the above

Correct : A. 0.5% each CGST and SGST

80. What is the threshold limit for applying the provisions of Section 52 for collecting tax at source ?

A. If net value of taxable supplies exceeds ` 2,50,000

B. If net value of taxable supplies exceeds ` 5,00,000

C. If net value of taxable supplies exceeds ` 10,00,000

D. No such limit prescribed

Correct : D. No such limit prescribed

81. Can a supplier take credit of the TCS ?

A. Yes

B. No

C. Yes, on the basis of the valid return filed

D. Yes, on the basis of a valid return filed by the e-commerce operator and there is no discrepancy

Correct : D. Yes, on the basis of a valid return filed by the e-commerce operator and there is no discrepancy

82. Which section deals with the TDS provisions in GST ?

A. Section 51

B. Section 52

C. Section 53

D. Section 54

Correct : A. Section 51

83. Which section deals with the TCS provisions in GST ?

A. Section 51

B. Section 52

C. Section 53

D. Section 54

Correct : B. Section 52

84. the table supplies returned to the supplier on the electronic commerce is as a deduction while calculating the net value.

A. No, not allowed

B. Yes, allowed

C. Yes, not allowed

D. No, allowed

Correct : B. Yes, allowed

85. No TDS shall be made when

A. Location of supplier and place of supply is in a State or Union Territory which is different from the State / UT of registration of the recipient

B. Location of supplier and place of supply is in same state and location of recipient is in same state

C. Location of supplier and place of supply is in different state and location of recipient is in different state

D. None of the above

Correct : A. Location of supplier and place of supply is in a State or Union Territory which is different from the State / UT of registration of the recipient

86. A service would be called as “continuous supply of service”, if the service under a contract is provided continuously or on recurrent basis exceeding:

A. One year

B. 6 months

C. 3 months

D. 1 month

Correct : C. 3 months

87. Which law will govern the inter-state supply of goods or services?

A. CGST

B. SGST

C. UTGST

D. IGST

Correct : D. IGST

88. Which of the following has been kept out of the GST Levy?

A. Generator

B. Computer

C. Jewellery

D. Electricity

Correct : D. Electricity

89. Threshold limit of turnover for levy of GST in the case of a person having business (supply of goods and services) in Gujarat is

A. 10 lakh

B. 20 lakhs

C. 30 lakhs

D. 40 lakhs

Correct : B. 20 lakhs

90. Abhijit Sen is engaged in running a textile showroom at Gangtok (Sikkim). In order to avail composition scheme under GST law, his “aggregate turnover” in the preceding financial year should not have exceeded:

A. 10 lakh

B. 20 lakhs

C. 50 lakhs

D. 75 lakhs

Correct : C. 50 lakhs

91. When employer gifts goods to his employees, it will not be considered as taxable supply for the purpose of GST if the value of supply to an employee does not exceed:

A. 5,000

B. 20,000

C. 50,000

D. 1,00,000

Correct : C. 50,000

92. Which of the following incomes/activities is liable for GST?

A. Salary

B. Salary and allowances of MPs

C. Services by Court

D. Sale of jewellery

Correct : D. Sale of jewellery

93. Which of the following represents composite supply?

A. Doctor’s service with medicines

B. Package with fruits and chocolates

C. Coaching centre with monthly excursions on trekking

D. Supply of computer printer and laptop

Correct : A. Doctor’s service with medicines

94. Mr. Ram supplied goods to Mr. Laxman. The invoice is dated 30.7.2019. Payment was received for the supply on 30.10.2019. The goods were dispatched on 5.8.2019. What is time of supply under GGST Act?

A. 5.8.2019

B. 30.7.2019

C. 30.10.2019

D. None of the-above

Correct : B. 30.7.2019

95. Which of the following though shown in Bill will not be included in determining the value of supply for the purpose of GST?

A. Packing

B. Discount

C. Interest for late payment

D. Installation charges

Correct : B. Discount

96. Madhan is located in Chennai. He has a branch office in Cochin. He wants to transfer goods. His turnover was always below ` 10 lakhs. His registration under GST is

A. Voluntary

B. Compulsory

C. Compulsory only when turnover exceeds 20 lakhs

D. As and when deemed by the Revenue

Correct : B. Compulsory

97. A taxable person whose registration has been cancelled or surrendered must file the final return of GST within

A. 6 months of the cancellation

B. 6 months after the end of the financial year

C. 3 months after the end of the financial year

D. 3 months after the date of cancellation

Correct : D. 3 months after the date of cancellation

98. Refreshments were supplied on board in an aircraft proceeding from Chennai to Delhi. It had a stop at Hyderabad. The refreshments were taken on board at Hyderabad. The place of supply is

A. Delhi

B. Chennai

C. Hyderabad

D. None of the above

Correct : C. Hyderabad

99. For the purpose of calculating the compensation payable to the States under the Goods and Service Tax (Compensation to States) Act, 2017 the base year for reckoning the Revenue is :

A. 31.3.2014

B. 31.3.2015

C. 31.3.2016

D. 31.3.2017

Correct : C. 31.3.2016

100. Which of the following GST model is adopted in India?

A. Australian model

B. Bagchi-Poddar model

C. Dual model

D. American model

Correct : C. Dual model