Multiple Choice Questions of Goods & Service Tax
1 . IGST is payable
when the supply is........
a) Interstate
c) Intra-state
b) Intra- UT
d) All of the above
2 . Maximum rate of
CGST prescribed by law for intrastate supply made is.......
a) 18%
c) 20%
b) 40%
d) 28%+cess
3 . Which of the
following taxes have been subsumed in GST?
a) Central sales tax
b) Central excise duty
c) VAT
d) All of the above
4 . GST is levied on
supply of all goods and service except.....
a) Alcoholic liquor
for human consumption
b) Tobacco
c) Health care
service
d) All of the above
5 . The functions of
goods and services network (GSTN) include....
a) Facilitating
registration
b) Forwarding the
return to central and state authorities
c) Computation and
settlement of GST
d) All of the above
6 . Aggregate turnover
does not include-
(a) Inward supplies on
which tax is payable on reverse charge basis
(b) Exempt supplies
(c) Export of goods or
services or both
(d) Inter-State
supplies of persons having the same PAN number
7 . Which of the following
are benefits of GST?
1) Creation of unified
national market
2) Boost to ‘Make in
India' initiative
3) Reduction of
compliance burden on taxpayers
4) Buoyancy to the
Government Revenue
5) Elimination of
multiple taxes and double taxation
Select the correct
answer from the options given below
a. 1, 3, 4 & 5
b. 2, 3, 4 & 5
c. 1, 2, 4 and 5
d. 1, 2, 3, 4 and 5
8 . Which of the
following is/are included in definition of “Goods” as defined under section
2(52) of the CGST Act,
2017-
I. Money
II. Actionable claim
III. Security
IV. Growing crops
Select the correct
answer from the options given below
a. IV only
b. II & III
c. II & IV
d. I & II
9 . A __________
supply comprising of two or more supplies shall be treated as the supply
of that particular
supply that attracts highest rate of tax.
a) Composite
b) Mixed
c) Both (a) and (b)
d) None of the
above
10 . GST is a
comprehensive tax regime covering _________
a) Goods
b) Services
c) Both goods and
services
d) Goods, services and
imports
11 . What are the
taxes levied on an intra-State supply?
(a) CGST
(b) SGST
(c) CGST and
SGST
(d) IGST
12 . Who will notify
the rate of tax to be levied under CGST Act?
(a) Central
Government
(b) State
Government
(c) GST Council
(d) Central Government
as per the recommendations of the GST Council
13 . Which of the
following taxes will be levied on imports?
(a) CGST
(b) SGST
(c) IGST
(d) CGST and SGST
14 . Which of the
following is not included in aggregate turnover?
a) Exempt supplies of
goods or services or both
b) Export of goods or
services or both
c) Inter-State supply
of goods or services or both
d) Value of inward
supplies on which tax is paid under reverse charge
15 . The IGST Act,2017
extends to the
a. Whole of India
except the state of Jammu & Kashmir
b. Whole of India
c. Whole of India
except the state of Jammu & Kashmir & Pondicherry
d. None of the above
16 . What is time of
supply of goods, in case of forward charge?
(a) Date of issue of
invoice
(b) Due date of issue
of invoice
(c) Date of receipt of
consideration by the supplier
(d) Earlier of (a)
& (b)
17 . What is time of
supply of goods, in case of supplier opting for composition levy under
Section 10 of the CGST
Act, 2017?
(a) Date of issue of
invoice
(b) Date of receipt of
consideration by the supplier
(c) Latter of (a)
& (b)
(d) Earlier of (a)
& (b)
18 . What is the time
of supply of vouchers when the supply with respect to the voucher is identifiable?
(a) Date of issue of
voucher
(b) Date of redemption
of voucher
(c) Earlier of (a)
& (b)
(d) (a) & (b)
whichever is later
19 . What is the time
of supply of vouchers when the supply with respect to the voucher is not identifiable?
(a) Date of issue of
voucher
(b) Date of redemption
of voucher
(c) Earlier of (a)
& (b)
(d) (a) & (b)
whichever is later
20 . What is the time
of supply of service if the invoice is issued within 30 days from the date
of provision of
service?
a) Date of issue of
invoice
b) Date on which the
supplier receives payment
c) Date of provision
of service
d) Earlier of (a)
& (b)
21 . What is the time
of supply of service where services are received from an associated enterprise
located outside India?
a) Date of entry of
services in the books of account of recipient of service
b) Date of payment
c) Earlier of (a)
& (b)
d) Date of entry of
services in the books of the supplier of service
22 . Time of supply
means
a. The point in time
when GST is actually paid by the supplier of goods or services
b. The point in time
when GST is actually paid after taking input credit by the supplier of goods or
services
c. The point in time
when goods have been deemed to be supplied or services have been deemed to
be provided
d. The point in time
when GST return is filed by the supplier of goods or services.
23 . What is the time
of supply of services where the supplier is liable to pay tax under
forward charge and the
invoice is not issued within prescribed period under section 31(2)?
a. Date of issue of
invoice
b. Date of completion
of provision of services
c. Date of receipt of
payment
d. Date of completion
of provision of service or date of receipt of payment; whichever is earlier.
24 . What is the time
of supply of import of service?
a. Date of entry of
services in the books of account of recipient of service
b. Date of payment
c. 61st day from the
date of invoice
d. Earlier of (a)
& (b)
e. Earlier of (b)
& (c)
25 . Which of the
following shall not be included in value of supply?
a) GST
b) Interest
c) Late fee
d) Commission
26 . The value of
supply should include:
a) Any non-GST taxes,
duties, cesses, fees charged separately by supplier
b) Interest, late fee
or penalty for delayed payment of any consideration for any supply
c) Subsidies directly
linked to the price except subsidies provided by the Central and State Governments
d) All of the above
27 . Value of supply
under section 15(1) is:
a) Wholesale price
b) Market value
c) Maximum retail
price
d) Transaction value
28 . Which of the
following forms part of transaction value?
1) GST compensation
cess
2) Payments made to
third parties by the recipient on behalf of the supplier in relation to the
supply
3) Entertainment tax
levied by local authority
4) Commission paid to
an agent and recovered from the recipient
5) Inspection charges
at recipient’s site
6) Charges for delay
in payment waived off by supplier
State the correct
answer from the options given below
a. 1, 2, 3, 4 & 5
b. 2, 3, 4, 5 & 6
c. 2, 3, 4 & 5
d. All of the above
29 . When can the
transaction value be rejected for computation of value of supply
(a) When the buyer and
seller are related and price is not the sole consideration
(b) When the buyer and
seller are related or price is not the sole consideration
(c) It can never be
rejected
(d) When the goods are
sold at very low margins
30 . What deductions
are allowed from the transaction value
(a) Discounts offered
to customers, subject to conditions
(b) Packing Charges,
subject to conditions
(c) Amount paid by
customer on behalf of the supplier, subject to conditions
(d) Freight charges
incurred by the supplier for CIF terms of supply, subject to conditions
31 . Rule 30 of the
CGST Rules inter alia provides value of supply of goods or services or both based
on cost shall be ……………% of cost of production or manufacture or the cost of acquisition
of such goods or the cost of provision of such services
(a) 100
(b) 10
(c) 110
(d) 120
32 . Aggregate
turnover includes:
a) Taxable supplies of
goods or service or both
b) Exempt supplies of
goods
c) Exports
d) All of the above
33 . 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
34 . Within how many
days a person should apply for registration?
a. Within 60 days from
the date he becomes liable for registration.
b. Within 30 days from
the date he becomes liable for registration.
c. No Time Limit
d. Within 90 days from
the date he becomes liable for registration.
35 . A person having
_______business verticals in a State ______ obtain a separate
registration for each
business vertical.
a. Single, shall
b. Multiple, shall
c. Multiple, may
d. Single, may
36 . What is the
validity of the registration certificate?
a. One year
b. No validity
c. Valid till it is
cancelled.
d. Five years.
37 . The registration
certificate granted to Non-resident taxable person is valid for days from the
effective date of registration.
a. 30
b. 60
c. 90
d. 120
38 . If an entity has
multiple branches within the same state, it requires
a) Registration for
each branch separately
b) Single registration
for all the branches
c) Multiple
registration or single registration at the option of the Assessee
d) Registration for
each branch separately if the turnover of each branch exceeds INR 20 Lakhs
39 . Which of the
following persons are not liable for registration?
a) Any person engaged
exclusively in supplying goods or services wholly exempt from tax
b) Causal taxable
person
c) Non-resident
taxable person
d) None of the above
40 . An agriculturist
is not required to take registration if he supplies
a) Any agricultural
produce
b) Any agricultural
produce grown by him or other agriculturalist
c) Agricultural
produce out of cultivation of land
d) All the above
41 . Which of the
following forms are used for applicable for registration?
a) Form GSTR-1
b) Form GSTR-2
c) Form GST REG-01
d) Form GST REG-02
42 . Which of the
following statement are correct?
a) Voluntary
registration not possible under GST
b) Voluntarily
registered person is 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
43 . An E-commerce
operator should get itself registered
a) Irrespective of the
threshold limit
b) If his aggregate
turnover exceeds the threshold limit of INR 20,00,000
c) If he is liable to
collect tax at source and his aggregate turnover exceeds the threshold limit
d) If he is liable to
collect tax at source
44 . There will be
deemed approval of registration if no action is taken on application
a) Within a period of
3 working days from the date of submission of the application
b) Within a period of
7 working days from the date of submission of the application
c) Within a period of
10 working days from the date of submission of the application
45 . A certificate of
registration shall be issued by the proper officer in form
a) GST REG-02
b) GST REG-03
c) GST REG-04
d) GST REG-06
46 . Which of the
following requires amendment in the registration certificate?
a) Change of name of
the registered person
b) Change in
constitution of the registered person
c) Switching over from
composition scheme to normal scheme or vice versa
d) All of the above
47 . A voluntarily
registered person’s registration can be cancelled if the person does not
start business within
a) 3 months from the
date of registration
b) 6 months from the
date of registration
c) 9 months from the
date of registration
d) 1 months from the
date of registration
48 . Registration can
be cancelled by the proper officer if the person registered under
composition scheme has
not furnished return for
a) 3 consecutive tax
periods
b) 6 consecutive tax
periods
c) For a consecutive
period of 6 months
d) For a consecutive
period of 1 year
49 . Any registered
person, whose registration is cancelled by the proper officer on his own motion
may apply to such officer for revocation of cancellation of the registration in
the prescribed manner within____ from the date of service of the cancellation
order.
a. 180 days
b. 120 days
c. 90 days
d. 30 days
50 . The proper
officers may cancel suo motu the registered where a person paying tax has not
furnished returns for ____
a. 3 consecutive tax
periods
b. 4 consecutive tax
periods
c. 2 consecutive tax
periods
d. 5 consecutive tax
periods
51 . As per section 25
of CGST Act, 2017, a casual taxable person shall apply for registration at
least _____ prior to the commencement of business.
a. 5 days
b. 10 days
c. 7 days
d. 30 days
52 . In case of
taxable supply of services, invoice shall be issued within a period of
__________ from the
date of supply of service.
a) 30 days
b) 45 days
c) 60 days
d) 90 days
53 . In case of
taxable supply of services by an insurer, invoice shall be issued within a
period of __________from the date of supply of service.
a) 30 days
b) 45 days
c) 60 days
d) 90 days
54 . Where the goods being
sent or taken on approval for sale or return are removed before the supply
takes place, the invoice shall be issued:
a) before/at the time
of supply
b) 6 months from the
date of removal
c) Earlier of (a) or
(b)
d) None of the above
55 . Registered person
may issue a consolidated tax invoice for such supplies at the close of each day
in respect of all such supplies provided
a) The recipient is
not a registered person
b) The recipient does
not require such invoice
c) The value of goods
and services or both per invoice is less than INR 200
d) All the above
conditions are satisfied
56 . In case of supply
of exempted goods or services or both, the registered person shall issue
a) A tax invoice
b) A bill of supply
c) Receipt voucher
d) Any of the above
57 . In case of supply
of goods by a composition dealer the registered person shall issue
a) A tax invoice
b) A bill of supply
c) Receipt voucher
d) Any of the above
58 . Where advance
payment is received, the registered person shall issue
a) A tax invoice
b) A bill of supply
c) Receipt voucher
d) Any of the above
59 . The tax invoice
in case of supplier of goods is issued in
a. Triplicate
b. Duplicate
c. Either (a) or (b)
at the option of Taxpayer
d. Either (a) or (b)
at the option of PO
60 . What is the nature
of supply if the nature of Supply is not determinable?
a. Intra-state
b. Inter-state
c. Either (a) or (b)
at the option of Taxpayer
d. Either (a) or (b)
at the option of PO
61 . Which of these
electronic ledgers are maintained online?
a) Electronic liability
register
b) Electronic credit
ledger
c) Electronic cash
ledger
d) All of the above
62 . Deposits towards
tax, penalty, interest, fee or any other amount are credited into the _________________of
a taxable person.
a) Electronic
liability register
b) Electronic credit
ledger
c) Electronic cash
ledger
d) All of the above
63 . Input tax credit
as self-assessed in the return of the registered person shall be credited
to which of the
following ledger?
a) Electronic
liability register
b) Electronic credit ledger
c) Electronic cash
ledger
d) All of the above
64 . Which of the
following items are debited to electronic credit ledger?
a) Output tax
b) Interest
c) Penalty
d) All of the above
66 . Which input tax
credit cannot be claimed against which output tax liability?
a) IGST, SGST
b) CGST, IGST
c) SGST, IGST
d) CGST, SGST
67 . Interest is
payable on:
a) Belated payment of
tax
b) Undue/excess claim
of input tax credit
c) Undue/ excess
reduction in output tax liability
d) All of the above
68 . Which of the
following liability cannot be adjusted against input tax credit of CGST?
a) IGST
b) SGST/UTGST
c) All of the above
d) None of the above
69 . 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) Demand raised under
section 73 and 74
d) No such condition
is mandatory
70 . Which date is
considered as date of deposit of the tax dues
a) Date of
presentation of cheque or
b) Date of payment or
c) Date of credit of
amount in the account of Government
71 . Who is required
to furnish details of outward supplies in Form GSTR-1?
a) Person paying tax
under composition scheme
b) Non-resident
taxable person
c) Both (a) & (b)
d) None of the above
72 . What does N stand
for in HSN?
a) Network
b) Nationalization
c) Nomenclature
d) Nomination
73 . Which form is
furnished for submission of details of outward supplies u/s 37?
a) GSTR-1
b) GSTR-2
c) GSTR-3
d) GSTR-5
74 . What is the due
date for submission of monthly GSTR-1?
a) on or before 10th
day of the immediately succeeding month
b) on or before 15th
day of the immediately succeeding month
c) on or before 17th
day of the immediately succeeding month
d) on or before 20th
day of the immediately succeeding month
75 . Composition tax
payer is required to file return in Form no. ______.
a) GSTR-2
b) GSTR-3
c) GSTR-4
d) GSTR-5
76 . The due date for
filing GSTR-3B is _______.
a) on 10th day of the
next month
b) on 15th day of the
next month
c) on 17th day of the
next month
d) on or before 20th
day of the next month
77 . Which of the
following are not required to file the Annual Return?
a) Input Service
Distributor
b) Casual Taxable
Person
c) Non-resident
Taxpayer
d) All of the above
78 . As per GST Law
only citizen of India can act at as GST practitioner
a. False
b. True
c. Partly one
d. None of the above
79 . Who is authorised
to conduct audit under section 35(5) of the CGST Act, 2017?
1. Chartered
accountant
2. Any person having
master degree in finance of recognised university
3. Cost accountant
4. Company secretary
Select the correct
answers from the options given belowa. 1, 3 and 4
b. 4, 2, 3 and 1
c. 1 only
d. 1 or 3 only
80 . A registered
person whose aggregate turnover during a FY exceeds INR 2 crores is
required to file which
of the following documents.
a. Annual Return
b. Audited annual
accounts
c. A Reconciliation
Statement, duly certified, in prescribed form.
d. All of the above
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