1. The concept of Goods and Services Tax (GST) is originated in………..
Correct : A. Canada
2. Which of the following is statement is not correct about GST?
Correct : B. GST will abolish all the direct tax levied in India .
3. Which of the following tax will be abolished by the GST?
Correct : A. Service Tax
4. Which of the following tax rate is not applicable under the GST?
Correct : D. 25
5. GST will be levied on………………...
Correct : D. All of the above
6. What kind of Tax is GST?
Correct : B. Indirect Tax
7. Who is the head of the GST council?
Correct : C. Arun Jaitley
8. Which constitutional amendment is done to pass the GST bill?
Correct : A. 101st
9. Which of the following good will not be covered under the GST bill?
Correct : D. All of the above
10. Which of the following is the main motive of the government behind the introduction of the Goods and Services Tax
Correct : B. To increase government revenue
11. GST stands for
Correct : A. Goods and Service Tax
12. In India GST became effective from_________________
Correct : C. 1st July,2017
13. India has got____________ mode of GST.
Correct : B. Dual
14. GST is a ____________________ based tax on consumption of goods and services.
Correct : A. Destination
15. What does “I” stand for in IGST?
Correct : A. Integrated
16. How many types of taxes are there in India GST?
Correct : B. 3
17. First announcement for introduction of GST arose in
Correct : C. 2006
18. What are the taxes levied on intra-state supply of goods?
Correct : C. CGST and SGST
19. What type of tax will be levied on import of goods?
Correct : D. IGST
20. HSN code stand for
Correct : A. Harmonised System of Nomenclature
21. India has chosen dual mode of GST same as ____________.
Correct : C. CANADA
22. India GST model has ____________ rate structure.
Correct : D. 4
23. SAC stand for ____________.
Correct : A. Service Accounting Code
24. Can a person apply for pan without registration?
Correct : B. NO
25. IGST is payable when the supply is ---
Correct : A. Interstate
26. Zero Rated Supplies include:
Correct : D. Both A and C
27. GSTN stands for:
Correct : B. Goods and Service Tax Network
28. What is taxable event under GST?
Correct : C. Supply of goods and services
29. Is reverse charge mechanism applicable to both goods and services?
Correct : A. YES
30. Is composition scheme available to people making inter-state supplies?
Correct : B. NO
31. Goods and Service tax is applicable to:
Correct : A. Whole of India
32. Can the taxable person under composition scheme avail the input tax credit?
Correct : B. NO
33. Can the composition tax be collected from customers?
Correct : B. NO
34. Where the supplier involves a movement of goods, the place of supply shall be determined by -------.
Correct : B. Location of goods at the time of final delivery
35. Which of the following tax is not subsumed in GST?
Correct : B. Stamp Duty
36. What are the taxes levied on inter-state supply of goods?
Correct : D. IGST
37. What is the maximum rate prescribed under CGST?
Correct : D. 20
38. What is the maximum rate prescribed under UTGST?
Correct : D. 20
39. What is the maximum rate prescribed under SGST?
Correct : D. 20
40. How will the goods and services be classified under GST regime?
Correct : A. SAC/HSN CODE
41. Is there any ceiling limit prescribed for rate under IGST?
Correct : D. 40
42. IGST deals with
Correct : C. Service tax on imported services
43. The turnover limit of Rs. 50 Lakh for composition scheme is not applicable to the state of
Correct : C. Uttarakhand
44. IGST tax levy means
Correct : B. Between two states
45. IGST levy can be levied
Correct : A. Centre
46. A person is having multiple business requires registration
Correct : B. Each business separately
47. Zero rated supply includes supplies made
Correct : B. To SEZ unit in India
48. With the introduction of GST, imports will be—
Correct : A. more expensive
49. Compensation to states under GST (Compensation to States) Act, 2017 is paid by
Correct : B. Central Government from GST compensation fund of India
50. While computing compensation to states, tax revenue of this tax/ these taxes is excluded
Correct : D. All of the above
51. Input tax credit on compensation cess paid under GST (Compensation to States) Act, 2017.
Correct : B. is available
52. Input tax credit under GST (Compensation to States) Act, 2017 includes GST Compensation Cess charged on any supply of
Correct : D. All of the above
53. Maximum rate of CGST prescribed by law for intrastate supply made is----
Correct : B. 20%
54. Input tax credit on Compensation cess paid under GST (Compensation to States) Act, 2017 is available for payment of
Correct : C. compensation under GST (Compensation to States) Act
55. Zero rated supply includes supplies made
Correct : B. To SEZ unit in India
56. The first committee to design GST model was headed by
Correct : B. Asim Das Gupta
57. First discussion paper (FDP) which formed the basis for GST in 2009 was released by
Correct : D. Empowered Committee
58. Roll out of GST requires constitutional amendment because
Correct : D. All of the above
59. Works contract under GST is goods used in work relating to
Correct : C. Immovable property treated as supply of service
60. A supplier is liable to get registered under GST if his aggregate turnover in a financial year crosses Rs. 20 lakh in a state or UT other than special category states if he is
Correct : B. an intra-state supplier
61. Registration under GST is not compulsory to
Correct : D. None of the above
62. One of the following states does not fall under special category given under Art. 279A of the Constitution
Correct : C. Chhattisgarh
63. Exemption from registration is available to
Correct : B. Agriculturists
64. Address for delivery
Correct : A. Recipient address mentioned in the tax invoice
65. When President assent was obtained for central GST?
Correct : D. 12th April 2017
66. What is applicability of GST?
Correct : C. Applicable all over India
67. Money means
Correct : D. All the above
68. Non-taxable territory means
Correct : A. Outside taxable territory
69. Person includes
Correct : D. All the above
70. Goods and Service Tax council referred in which section
Correct : A. 279A of the constitution
71. Weight age of vote for centre at GST council
Correct : B. 1/3rd of total votes cast
72. Weightage of States (combined) at GST council
Correct : A. 2/3rd of total votes cast
73. Who is chairperson of GST council
Correct : C. Union Finance Minister
74. Taxable turnover of below Rs.1.5 crore assessee under control of
Correct : C. Both a and b
75. Powers to declare certain activities/transactions as neither supply of goods nor of services
Correct : B. Schedule III
76. When GST council constituted
Correct : C. 12.09.2016
77. Address for delivery is
Correct : A. Recipient address mentioned in the invoice
78. Agriculturist includes
Correct : A. Individual or HUF
79. Associated enterprise is mentioned under
Correct : A. Income tax act 1961
80. Appointed day is
Correct : A. Date on which the provisions of this Act shall come into force
81. Deemed exports mentioned in which section
Correct : B. Section 147
82. Quarter means
Correct : D. All the above
83. Taxable levy in case of manufacture under composite scheme
Correct : C. One per cent
84. Whether person opted for composite scheme collect tax under GST
Correct : C. Only A
85. Participation of ITC value chain in composite scheme
Correct : B. Without participation
86. Taxes paid on
Correct : A. Transaction value
87. ITC available
Correct : A. In the course or Furtherance of business
88. Input tax credit availability
Correct : B. On payment of taxes paid by supplier to Govt.
89. Input tax on capital goods
Correct : C. Only A
90. Appellate Tribunal is mentioned in which section?
Correct : A. Section 109
91. Authorised representative is referred in which section?
Correct : B. Section 116
92. Common portal is referred in which section?
Correct : B. Section 146
93. Debit note, and credit note is mentioned in which section?
Correct : C. Section 34
94. Electronic cash ledger and Electronic credit ledger is mentioned in which section?
Correct : C. Section 49
95. Which of the following is an intra-state supply?
Correct : C. supplier of goods located in Goa and place of supply of
96. Which form is to be used for
registration?
Correct : C. form GST REG-01
97. GST council includes
Correct : D. all of the above
98. Composite supply means
Correct : A. the supply of two or more supplies of goods or services by a taxable person, which comprises of a combination of goods
99. article 246A include
Correct : A. concurrent powers
100. GSTR-10 FORM due date is
Correct : A. Within three months of the date of cancellation or date of