Goods-And-Services-Tax-Gst (Set 1)

Goods and Services Tax (GST)
1 of 3 sets
Chapter: Unit 1
1. The concept of Goods and Services Tax (GST) is originated in………..

A. Canada
B. USA
C. Britain
D. Germany
Answer:A
2. Which of the following is statement is not correct about GST?

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A. GST is like a last-point retail tax. GST is going to be collected at point of Sale.
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B. GST will abolish all the direct tax levied in India .
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C. It will be implemented from 1 July, 2017 throughout the country.
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D. It will unified the tax structure in India
Answer:B c
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3. Which of the following tax will be abolished by the GST?
A. Service Tax
B. Corporation tax
C. Income Tax
D. Wealth Ta
Answer:A
4. Which of the following tax rate is not applicable under the GST?
A. 5
B. 12
C. 18
D. 25
Answer:D
5. GST will be levied on………………...
A. Manufacturers
B. Retailers
C. Consumers
D. All of the above
Answer:D
6. 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:B
7. Who is the head of the GST council?

A. Shashi Kant Das
B. Amit Mitra
C. Arun Jaitley
D. Hasmukh Adhia
Answer:C
8. Which constitutional amendment is done to pass the GST bill?

A. 101st
B. 120th
C. 122nd
D. 115th
Answer:A
9. Which of the following good will not be covered under the GST bill?
A. Cooking gas
B. Liquor
C. Petrol
D. All of the above
Answer:D
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10. Which of the following is the main motive of the government behind the
introduction of the Goods and Services Tax
A. To bring tax uniformity in the country
B. To increase government revenue
C. To replace all the indirect tax
D. All of the above
Answer:B
11. GST stands for

A. Goods and Service Tax
B. Goods and Supply Tax
C. Government Service Tax
D. General Sales Tax
Answer:A
12. In India GST became effective from_________________

A. 1st April,2017
B. 1st January,2017
C. 1st July,2017
D. 1st March,2017
Answer:C
13. India has got____________ mode of GST.

A. Singular
B. Dual
C. all
D. none
Answer:B
14. GST is a ____________________ based tax on consumption of goods and

services.
A. Destination
B. Duration
C. Destiny
D. Development

Answer:A
15. What does “I” stand for in IGST?

A. Integrated
B. International
C. Intra
D. Internal
Answer:A
16. How many types of taxes are there in India GST?

A. 2
B. 3
C. 4
D. 5
Answer:B
17. First announcement for introduction of GST arose in

A. 2004
B. 2005
C. 2006
D. 2007
Answer:C
18. What are the taxes levied on intra-state supply of goods?

A. CGST
B. SGST
C. CGST and SGST
D. IGST
Answer:C
19. What type of tax will be levied on import of goods?

A. CGST
B. SGST
C. CGST and SGST
D. IGST

Answer:D
20. HSN code stand for

A. Harmonised System of Nomenclature
B. Home State Number
C. Host State Number
D. Hall State Number
Answer:A
21. India has chosen dual mode of GST same as ____________.

A. USA
B. UK
C. CANADA
D. CHINA
Answer:C
22. India GST model has ____________ rate structure.

A. 3
B. 2
C. 5
D. 4
Answer:D
23. SAC stand for ____________.

A. Service Accounting Code
B. Software Accounting Code
C. System Accounting Code
D. Service Application Code
Answer:A
24. Can a person apply for pan without registration?

A. YES
B. NO
C. none
D. all

Answer:B
25. IGST is payable when the supply is ---

A. Interstate
B. Intra-state
C. Intra- UT
D. All of the above
Answer:A
Chapter: Unit 2
26. Zero Rated Supplies include:

A. Exports
B. Imports
C. SEZs
D. Both A and C
Answer:D
27. GSTN stands for:

A. Goods and Services Transport Nation
B. Goods and Service Tax Network
C. Goods and Society Tax Network
D. Goods and Service Tax Net
Answer:B
28. What is taxable event under GST?

A. Supply of goods
B. Supply of services
C. Supply of goods and services
Answer:C
29. Is reverse charge mechanism applicable to both goods and services?

A. YES
B. NO
C. none

D. all
Answer:A
30. Is composition scheme available to people making inter-state supplies?

A. YES
B. NO
C. none
D. all
Answer:B
31. Goods and Service tax is applicable to:

A. Whole of India
B. Whole of India except Jammu and Kashmir
C. Whole of India, except Jammu and Kashmir and Union Territories of Dadra, Nagar Haveli,
Daman & Diu
D. Partially in India
Answer:A
32. Can the taxable person under composition scheme avail the input tax credit?
A. YES
B. NO
C. none
D. all
Answer:B
33. Can the composition tax be collected from customers?

A. YES
B. NO
C. none
D. all
Answer:B
34. Where the supplier involves a movement of goods, the place of supply shall be
determined by -------.
A. Movement of goods
B. Location of goods at the time of final delivery

C. Supplier’s location
D. Recipients’ location
Answer:B
35. Which of the following tax is not subsumed in GST?

A. VAT
B. Stamp Duty
C. Entry Tax
D. Entertainment Tax
Answer:B
36. What are the taxes levied on inter-state supply of goods?

A. CGST
B. SGST
C. CGST and SGST
D. IGST
Answer:D
37. What is the maximum rate prescribed under CGST?

A. 5
B. 10
C. 30
D. 20
Answer:D
38. What is the maximum rate prescribed under UTGST?

A. 5
B. 10
C. 30
D. 20
Answer:D
39. What is the maximum rate prescribed under SGST?

A. 5
B. 10

C. 30
D. 20
Answer:D
40. How will the goods and services be classified under GST regime?
A. SAC/HSN CODE
B. HSN
C. SAC
Answer:A
41. Is there any ceiling limit prescribed for rate under IGST?
A. 12
B. 18
C. 28
D. 40
Answer:D
42. IGST deals with

A. Composition scheme
B. Time of supply
C. Service tax on imported services
D. All of the above
Answer:C
43. The turnover limit of Rs. 50 Lakh for composition scheme is not applicable to
the state of
A. Himachal Pradesh
B. Assam
C. Uttarakhand
Answer:C
44. IGST tax levy means

A. Within state
B. Between two states

C. Only A
Answer:B
45. IGST levy can be levied

A. Centre
B. State
C. Union Territory
D. Both a and b
Answer:A
46. A person is having multiple business requires registration

A. Single
B. Each business separately
C. Either A or B
Answer:B
47. Zero rated supply includes supplies made

A. By SEZ unit in India
B. To SEZ unit in India
C. Both (a & (b) above
Answer:B
48. With the introduction of GST, imports will be—

A. more expensive
B. cheaper
C. neutral with no change
Answer:A
Chapter: Unit 3
49. Compensation to states under GST (Compensation to States) Act, 2017 is paid
by

A. Central Government from consolidated fund of India
B. Central Government from GST compensation fund of India
C. Central Government directly from the collection of compensation cess
D. GST Council under Constitution of India.
Answer:B
50. While computing compensation to states, tax revenue of this tax/ these taxes is
excluded
A. petroleum crude, diesel, petrol, ATF and natural gas
B. Alcohol for human consumption
C. entertainment tax collected by local authorities
D. All of the above
Answer:D
51. Input tax credit on compensation cess paid under GST (Compensation to
States) Act, 2017.
A. is not available
B. is available
C. is available but not fully
D. is available after one year
Answer:B
52. Input tax credit under GST (Compensation to States) Act, 2017 includes GST
Compensation Cess charged on any supply of
A. Goods and/or services,
B. Goods imported
C. GST Compensation Cess payable on reverse charge basis;
D. All of the above
Answer:D
53. Maximum rate of CGST prescribed by law for intrastate supply made is----
A. 18%
B. 20%
C. 40%
D. 28%+cess
Answer:B

54. Input tax credit on Compensation cess paid under GST (Compensation to
States) Act, 2017 is available for payment of
A. IGST only
B. IGST and CGST only
C. compensation under GST (Compensation to States) Act
Answer:C
55. Zero rated supply includes supplies made

A. By SEZ unit in India
B. To SEZ unit in India
C. Both (a & (b above
Answer:B
56. The first committee to design GST model was headed by

A. Vijay Kelkar
B. Asim Das Gupta
C. Dr. Chidambaram
Answer:B
57. First discussion paper (FDP) which formed the basis for GST in 2009 was
released by
A. Union Finance Ministry
B. Dr. Manmohan Singh
C. GST Council
D. Empowered Committee
Answer:D
58. Roll out of GST requires constitutional amendment because

A. existing laws were cascading
B. the powers of levy were exclusive
C. there are separate laws for goods and services
D. All of the above

Answer:D
59. Works contract under GST is goods used in work relating to

A. Immovable property
B. Both movable and immovable property
C. Immovable property treated as supply of service
D. Immovable property treated as supply of goods
Answer:C
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
A. an interstate supplier
B. an intra-state supplier
C. Electronic commerce operator
D. Person liable to pay GST under reverse charge
Answer:B
61. Registration under GST is not compulsory to

A. Casual taxable person
B. Input service distributor
C. Non-resident taxable person
Answer:D
62. One of the following states does not fall under special category given under Art.
279A of the Constitution
A. Himachal Pradesh
B. Uttarakhand
C. Chhattisgarh
D. Jammu & Kashmir
Answer:C
63. Exemption from registration is available to

A. Central & State Govt. Departments
B. Agriculturists

C. a) & b) above
Answer:B
64. Address for delivery

A. Recipient address mentioned in the tax invoice
B. Recipient address mentioned in the delivery challan
C. Recipient address not necessary
D. Recipient address mentioned in the Gate pass
Answer:A
65. When President assent was obtained for central GST?

A. 18th April 2017
B. 22nd April 2017
C. 5th April 2017
D. 12th April 2017
Answer:D
66. What is applicability of GST?

A. Applicable all over India except Sikkim
B. Applicable all over India except Jammu and Kashmir
C. Applicable all over India
D. Applicable all over India except Nagaland
Answer:C
67. Money means

A. Indian legal tender
B. Foreign currency
C. Cheque/promissory note
D. All the above
Answer:D
68. Non-taxable territory means

A. Outside taxable territory
B. Inside taxable territory

C. Inter-state taxable territory
Answer:A
69. Person includes

A. Individual
B. HUF
C. LLP
D. All the above
Answer:D
Chapter: Unit 4
70. Goods and Service Tax council referred in which section

A. 279A of the constitution
B. 276 of the constitution
C. 277 of the constitution
D. 279 of the constitution
Answer:A
71. Weight age of vote for centre at GST council

A. 1/4th of total votes cast
B. 1/3rd of total votes cast
C. ½ of total votes cast
D. Only B
Answer:B
72. Weightage of States (combined) at GST council

A. 2/3rd of total votes cast
B. 1/3rd of total votes cast
C. 1/4th of total votes cast
Answer:A
73. Who is chairperson of GST council

A. Finance secretary

B. State Finance Minister
C. Union Finance Minister
Answer:C
74. Taxable turnover of below Rs.1.5 crore assessee under control of

A. Centre
B. State
C. Both a and b
D. Only c
Answer:C
75. Powers to declare certain activities/transactions as neither supply of goods nor

of services
A. Schedule I
B. Schedule III
C. Schedule II
D. Schedule IV
Answer:B
76. When GST council constituted

A. 15.09.2016
B. 13.09.2016
C. 12.09.2016
D. 20.09.2016
Answer:C
77. Address for delivery is

A. Recipient address mentioned in the invoice
B. Recipient address mentioned in the delivery challan
C. Recipient address not necessary
D. Recipient address mentioned in the Gate pass
Answer:A
78. Agriculturist includes

A. Individual or HUF

B. Individual and HUF
C. Partnership
D. All the above
Answer:A
79. Associated enterprise is mentioned under

A. Income tax act 1961
B. Companies Act 2013
C. Central GST Act 2017
D. State GST Act 2017
Answer:A
80. Appointed day is

A. Date on which the provisions of this Act shall come into force
B. Date on which President assent
C. Date of which both houses passed the act
D. Date on which sent to Finance Ministry
Answer:A
81. Deemed exports mentioned in which section

A. Section 137
B. Section 147
C. Section 142
D. Section 145
Answer:B
82. Quarter means

A. March
B. September
C. December
D. All the above
Answer:D
83. Taxable levy in case of manufacture under composite scheme

A. Two percent

B. Three per cent
C. One per cent
D. Half per cent
Answer:C
84. Whether person opted for composite scheme collect tax under GST
A. No
B. Yes
C. Only A
Answer:C
85. Participation of ITC value chain in composite scheme

A. With participation
B. Without participation
C. Either a or b
Answer:B
86. Taxes paid on

A. Transaction value
B. Manufacturing cost
C. Both A and B
Answer:A
87. ITC available

A. In the course or Furtherance of business
B. Other than business exp
C. Only A
Answer:A
88. Input tax credit availability

A. On receipt of goods

B. On payment of taxes paid by supplier to Govt.
C. Taken to manufacturing site or availed services
Answer:B
89. Input tax on capital goods

A. In one instalment
B. Partly five equal instalments
C. Only A
D. Equally 10% every year
Answer:C
90. Appellate Tribunal is mentioned in which section?

A. Section 109
B. Section 105
C. Section 103
D. Section 119
Answer:A
91. Authorised representative is referred in which section?

A. Section 110
B. Section 116
C. Section 119
D. Section 106
Answer:B
92. Common portal is referred in which section?

A. Section 136
B. Section 146
C. Section 143
D. Section 149
Answer:B
93. Debit note, and credit note is mentioned in which section?

A. Section 36

B. Section 39
C. Section 34
Answer:C
94. Electronic cash ledger and Electronic credit ledger is mentioned in which
section?
A. Section 39
B. Section 42
C. Section 49
D. Section 47
Answer:C
95. Which of the following is an intra-state supply?

A. supplier of goods located in Nagpur and place of supply of
B. supplier of goods located in Kolkata and place of supply
C. supplier of goods located in Goa and place of supply of
D. all of the above
Answer:C
96. Which form is to be used for registration?

A. form GSTR-1A
B. form GSTR -2
C. form GST REG-01
D. form GAT REG
Answer:C
97. GST council includes

A. union finance minister
B. union minister of state in charge of revenue or finance
C. one nominated member from each state who is in
D. all of the above
Answer:D
98. Composite supply means

A. the supply of two or more supplies of goods or services by a taxable person, which comprises
of a combination of goods
B. supply of two or more individual supplies of goods or services, or any combination of goods
and services,
C. all of the above
D. none of the above
Answer:A
99. article 246A include

A. concurrent powers
B. union list
C. state list
D. all of the above
Answer:A
100. GSTR-10 FORM due date is

A. Within three months of the date of cancellation or date of
B. 28th of the month following the month for which
C. insufficient information
D. 31st December of next financial
Answer:A

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Goods and Services Tax (GST)

1. The concept of Goods and Services Tax (GST) is originated in………..

2. Which of the following is statement is not correct about GST?

6. What kind of Tax is GST?

7. Who is the head of the GST council?

8. Which constitutional amendment is done to pass the GST bill?

View all MCQ's at McqMate.com

11. GST stands for

12. In India GST became effective from_________________

13. India has got____________ mode of GST.

14. GST is a ____________________ based tax on consumption of goods and

View all MCQ's at McqMate.com

15. What does “I” stand for in IGST?

16. How many types of taxes are there in India GST?

17. First announcement for introduction of GST arose in

18. What are the taxes levied on intra-state supply of goods?

19. What type of tax will be levied on import of goods?

View all MCQ's at McqMate.com

20. HSN code stand for

21. India has chosen dual mode of GST same as ____________.

22. India GST model has ____________ rate structure.

23. SAC stand for ____________.

24. Can a person apply for pan without registration?

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25. IGST is payable when the supply is ---

26. Zero Rated Supplies include:

27. GSTN stands for:

28. What is taxable event under GST?

29. Is reverse charge mechanism applicable to both goods and services?

View all MCQ's at McqMate.com

30. Is composition scheme available to people making inter-state supplies?

31. Goods and Service tax is applicable to:

33. Can the composition tax be collected from customers?

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35. Which of the following tax is not subsumed in GST?

36. What are the taxes levied on inter-state supply of goods?

37. What is the maximum rate prescribed under CGST?

38. What is the maximum rate prescribed under UTGST?

39. What is the maximum rate prescribed under SGST?

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42. IGST deals with

44. IGST tax levy means

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45. IGST levy can be levied

46. A person is having multiple business requires registration

47. Zero rated supply includes supplies made

48. With the introduction of GST, imports will be—

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55. Zero rated supply includes supplies made

56. The first committee to design GST model was headed by

58. Roll out of GST requires constitutional amendment because

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59. Works contract under GST is goods used in work relating to

61. Registration under GST is not compulsory to

63. Exemption from registration is available to

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64. Address for delivery

65. When President assent was obtained for central GST?