7. Where the location of the supplier and the place of supply are in two different States –
Correct : A. igst is applicable
8. One tooth paste and tooth brush and a toilet soap sold in a packet for Rs. 50, is
Correct : A. mixed supply
9. The notified limit for payment of composition levy is -
Correct : A. rs. 1 crore
10. A Composite taxpayer is required to file summarised details of transactions
Correct : C. quarterly
11. The incidence of tax is called
Correct : D. indirect tax
12. Introduction of GST affects the revenue of
Correct : C. all the states
13. Goods which get input tax credit without being liable to collect output tax is called
Correct : D. zero rated goods
14. Any goods other than capital goods used or intended to be used by a supplier in the course or furtherance of business is
Correct : A. input
15. If application for registration is ------, the registration shall be effective from the date on which the person becomes liable for registration.
Correct : A. made within 30 days
16. When turnover during a financial year exceeds---- the accounts and other records must be audited by a chartered accountant or a cost accountant
Correct : B. 2 crore
17. The tax applicable to interstate supplies will be:
Correct : C. igst only
18. A person is liable to registered under GST law where aggregate sale of good exceeds----- after 1.4.2019. in general category
Correct : A. rs.40,00,000
19. GST is applicable on------- of goods or services.
Correct : A. supply
20. The first 2 digit of GSTIN represent------
Correct : C. state code
21. The definition of goods under the GST Act does not include--
---
Correct : D. money & securities
22. If the payment to the supplier of goods or services is not made within----- from the date of issue of invoice, the input tax credit on such goods or services cannot be availed.
Correct : B. 180 days
23. Electronic Way Bill is compulsory to move goods of worth
Correct : C. 50,000 or
more
24. An e-commerce operator neither having physical presence in the taxable territory not a representative in the said territory, shall-----
Correct : D. appoint a person in the taxable territory for the purpose of paying taxes.
25. Every operator who collects the amount of tax has to furnish the details of the same within----after the end of the month.
Correct : D. 10 days
26. In case an operator fails to furnish the information required by the notice served to him U/s 52(2) within 15 days of date of service, he will be liable to pay penalty of maximum-----
Correct : C. rs.25,000
27. In a case where passenger transportation service is provided to an unregistered person, place of supply will be--
----
Correct : B. location of transporter
28. TDS certificate is to be issued by deductor in form-----
Correct : D. gstr7a
29. Every registered person required to deduct tax at source shall furnish a return in Form-------
Correct : D. gstr-7
30. An operator can rectify any omission or incorrect particulars in furnishing the statement U/s 52(4) subject to payment of-----
Correct : C. penalty
31. Every electronic commerce operator required to collect tax at source has to furnish a statement in form------
Correct : C. gstr-7
32. Central & excise duty shall be levied in addition to GST on ---
---
Correct : B. alcohol products
33. Where supply is received at place other than place of business, location of recipient of services is----
Correct : C. location of establishm ent most directly concerned
34. M/s. ABC of Gujarat supplies goods to M/s. XYZ of Delhi, this will classify as
Correct : C. inter state supply
35. Indirect Tax is a------
Correct : D. value added tax.
36. GST is charged on----- of goods or services
Correct : C. supply
37. Supply of services Imported into the territory if India are treated as------
Correct : A. inter state supply
38. Ms. Pooja supplied services to Ms. Smita on 5-7-2018.She raised an invoice on 20-6-2018 and recived the amount on 10-7-2018. The tax rate for these services was changed from 15% to 28% on 1-7-2018. The time of supply will be------ and tax rate levied will be-----
Correct : B. 10-7-2018,28%
39. In example (8) above, if invoice is raised on 10-7-2018 and amount is received on 20-6-2018 everything else being same, time of supply will be ------ and tax rate levied will be--
---.
Correct : B. 10-7-2018,15%
40. Where the location of the supplier and the place of supply are in two different States-
Correct : A. igst is applicable
41. Where location of the supplier and place of supply are in a State and a Union territory
Correct : D. igst is applicable
42. Place of supply of goods exported from India shall be
Correct : A. the location outside india
43. The place of supply of telecommunication services shall be
Correct : A. the location where connection is installed
44. Gifts not exceeding----- in a year by an employer to employee shall not be treated as supply.
Correct : C. rs. 50,000
45. Integrated Goods and services Tax is applicable when-
Correct : D. there is interstate supply
46. Dealers whose annual turnover between Rs.1.5 crore and Rs. 5 crore need to use
Correct : B. four digit hsn codes
47. Composite tax is applicable for dealer with turnover upto
Correct : C. rs. 1.5
crore
48. Supply of goods provided, or agreed to be provided, continuously or on recurrent basis, under a contract, is
Correct : D. continuous supply
49. The maximum limit of IGST rate fixed in the Act is
Correct : C. 40%
50. Supply of two or more taxable supplies naturally bundled and supplied is called
Correct : B. composite supply
51. Integrated Goods and Services Tax Act is applicable to
Correct : C. the whole of india
52. Where location of the supplier and the place of supply are in two different Union territories
Correct : B. igst is applicable
53. The managers of ITC Ltd., Kolkata (not registered under GST) are given one week trainning in Munnar, by Infosys Ltd. Bangalore, for a sum of Rs. 10 Lakhs. Payment given at Mumbai.The place of supply of service is
Correct : A. mumbai
54. The Central Goods and Services Tax is levied under
Correct : A. section 9 of the cgst act
55. GST number does not include
Correct : C. aadhaar number
56. GSTR-2A is autogenerated from
Correct : D. gstr1
57. GSTR-6A is meant for
Correct : D. input service distributor
58. The proper officer may assess the tax liability on the basis of available information, evidences which is called
Correct : A. best judgement assessment
59. GST council meeting is convened
Correct : C. every 3 months
60. GST is levied on supply all goods and services except ___________________.
Correct : C. Alcoholic Liquor for human consumption
61. Gst is leviable on Petrol from ____________.
Correct : C. GST will be levied from a date notify by GST Council
62. List I of the constitution contains matters in respect of which _______ has the exclusive power make law.
Correct : D. Central & State Govt.
63. ___________ Act have been subsumed in GST.
Correct : A. Central Exercise
64. _______________ is Indirect Tax.
Correct : C. IGST
65. CGST _______________.
Correct : A. Central Goods and Service Tax
66. List II _____________.
Correct : C. State List
67. IGST _____________.
Correct : B. Integrated Goods & Service Tax
68. List III ___________________.
Correct : B. Concurrent List
69. Cess ______________.
Correct : A. Sin Goods
70. UTGST ____________.
Correct : B. Union Territory goods & Service Tax
71. SGST __________.
Correct : A. State Goods & Service Tax
72. List I ____________.
Correct : B. Union List
73. Taxes in India are levied by _______________.
Correct : A. Constitution of India
74. GST is a ______________ based Tax.
Correct : A. Destination
75. Import under GST will be considered as ______________.
Correct : B. inter State Sale
76. GST is levied on supply of all goods or services or both except supply of _______________
Correct : C. Alcoholic liquor for human consumption
77. On _________, the constitution (122nd Amendment) bill, 2014 was passed by Rajya Sabah with certain amendments.
Correct : B. August 3, 2016
78. GST has been made applicable by ________ number of countries across the globe.
Correct : C. 140
79. GST is ________ Level Tax.
Correct : C. State and National
80. The constitution Amendment Bill was adopted on _____________ by majority of state Legislatures wherein approval of at
least 50% of the state assemblies was required________.
Correct : B. September, 2016
81. Supply include which of the following___________.
Correct : C. Goods & Services
82. What is IGST __________.
Correct : A. Integrated Goods and Service Tax
83. India ____________.
Correct : B. Territorial Water up to 200 national miles
84. Money ___________.
Correct : B. Money Order
85. Amazon ____________.
Correct : A. Electronic Commerce Operator
86. Person _____________.
Correct : C. TRUST
87. Admission in exhibition on Donor card ___________.