EXECUTIVE PROGRAMME
PRACTICE QUESTIONS ON GST
- Compensation to states under GST(Compensation to States ) Act , 2017 is paid by
- Central Government from consolidated fund of India
- Central Government from GST compensation fund of India
- Central Government directly from the collection of compensation cess
- GST Council under Constitution of India.
- While computing compensation to states, tax revenue of this tax/ these taxes is excluded
- petroleum crude, diesel, petrol, ATF and natural gas
- Alcohol for human consumption
- entertainment tax collected by local authorities
- All of the above
- Input tax credit on compensation cess paid under GST(Compensation to States ) Act , 2017
- is not available
- is available
- is available but not fully
- is available after one year
- Input tax credit under GST(Compensation to States ) Act , 2017 includes GST Compensation Cess charged on any supply of
- goods and/or services,
- Goods imported
- GST Compensation Cess payable on reverse charge basis;
- All of the above
- Maximum rate of CGST prescribed by law for intrastate supply made is—-
- 18%
- 20%
- 40%
- 28%+cess
- Input tax credit on Compensation cess paid under GST (Compensation to States) Act, 2017 is available for payment of
- IGST only
- IGST and CGST only
- compensation under GST (Compensation to States) Act
- None of the above
- IGST is payable when the supply is —
- Interstate
- Intra-state
- Intra- UT
- All of the above
- Zero rated supply includes supplies made-
- By SEZ unit in India
- to SEZ unit in India
- Both (a & (b above
- None of the above
- With the introduction of GST, imports will be—
- more expensive
- cheaper
- neutral with no change
- None of the above
- The first committee to design GST model was headed by
- Vijay Kelkar
- Asim Das Gupta
- Chidambaram
- None of the above
- First discussion paper (FDP) which formed the basis for GST in 2009 was released by
- Union Finance Ministry
- Manmohan Singh
- GST Council
- Empowered Committee
- Roll out of GST requires constitutional amendment because—
- existing laws were cascading
- the powers of levy were exclusive
- there are separate laws for goods and services
- All of the above
- Works contract under GST is goods used in work relating to-
- Immovable property
- Both movable and immovable property
- Immovable property treated as supply of service
- Immovable property treated as supply of goods
- IGST deals with
- Composition scheme
- Time of supply
- Service tax on imported services
- All of the above
- The turnover limit of Rs. 50 Lakh for composition scheme is not applicable to the state of
- Himachal Pradesh
- Assam
- Uttarakhand
- None of the above
- 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-
- an interstate supplier
- an intra-state supplier
- Electronic commerce operator
- Person liable to pay GST under reverse charge
- Registration under GST is not compulsory to-
- Casual taxable person
- Input service distributor
- Non-resident taxable person
- None of the above
- One of the following states does not fall under special category given under Art. 279A of the Constitution
- Himachal Pradesh
- Uttarakhand
- Chhattisgarh
- Jammu & Kashmir
- Exemption from registration is available to
- Central & State Govt. Departments
- Agriculturists
- a) & b) above
- None of the above
- Address for delivery
- Recipient address mentioned in the tax invoice
- Recipient address mentioned in the delivery challan
- Recipient address not necessary
- Recipient address mentioned in the Gate pass
- When President assent was obtained for central GST
- 18th April 2017
- 22nd April 2017
- 5th April 2017
- 12th April 2017
- What is applicability of GST
- Applicable all over India except Sikkim
- Applicable all over India except Jammu and Kashmir
- Applicable all over India
- Applicable all over India except Nagaland
- Money means
- Indian legal tender
- Foreign currency
- Cheque/promissory note
- All the above
- non-taxable territory means
- Outside taxable territory
- Inside taxable territory
- Inter-state taxable territory
- None of the above
- Person includes
- Individual
- HUF
- LLP
- All the above
- Goods and Service Tax council referred in which section
- 279A of the constitution
- 276 of the constitution
- 277 of the constitution
- 279 of the constitution
- Weight age of vote for centre at GST council
- 1/4th of total votes cast
- 1/3rd of total votes cast
- ½ of total votes cast
- Only B
- Weightage of States ( combined together) at GST council
- 2/3rd of total votes cast
- 1/3rd of total votes cast
- 1/4th of total votes cast
- None of the above
- Who is chairperson of GST council
- Finance secretary
- State Finance Minister
- Union Finance Minister
- None of the above
- Taxable turnover of below 1.5 crore assessee under control of
- Centre
- State
- Both a and b
- Only c
- Powers to declare certain activities/transactions as neither supply of goods nor of services
- Schedule I
- Schedule III
- Schedule II
- Schedule IV
- When GST council constituted
- 09.2016
- 09.2016
- 09.2016
- 09.2016
- Address for delivery
- Recipient address mentioned in the invoice
- Recipient address mentioned in the delivery challan
- Recipient address not necessary
- Recipient address mentioned in the Gate pass
- Agriculturist
- Individual or HUF
- Individual and HUF
- Partnership
- All the above
- Associated enterprise mentioned
- Income tax act 1961
- Companies Act 2013
- Central GST Act 2017
- State GST Act 2017
- Appointed day
- Date on which the provisions of this Act shall come into force
- Date on which President assent
- Date of which both houses passed the act
- Date on which sent to Finance Ministry
- Deemed exports mentioned in which section
- Section 137
- Section 147
- Section 142
- Section 145
- Quarter means
- March
- September
- December
- All the above
- Taxable levy in case of manufacture under composite scheme
- Two percent
- Three per cent
- One per cent
- Half per cent
- Whether person opted for composite scheme collect tax under GST
- No
- Yes
- Only A
- None of the above
- Participation of ITC value chain in composite scheme
- With participation
- Without participation
- Either a or b
- None of the above
- Taxes paid on
- Transaction value
- Manufacturing cost
- Both A and B
- None of the above
- ITC available
- In the course or Furtherance of business
- Other than business exp
- Only A
- None of the above
- Input tax credit availability
- On receipt of goods
- On payment of taxes paid by supplier to Govt.
- Taken to manufacturing site or availed services
- None of the above
- Input tax on capital goods
- In one installment
- Partly five equal installments
- Only A
- Equally 10% every year
- Appellate Tribunal mentioned in which section
- Section 109
- Section 105
- Section 103
- Section 119
- Authorised representative referred in which section
- Section 110
- Section 116
- Section 119
- Section 106
- Common portal referred in which section
- Section 136
- Section 146
- Section 143
- Section 149
- Debit note and credit note mentioned in which section
- Section 36
- Section 39
- Section 34
- None of the above
- Electronic cash ledger and Electronic credit ledger mentioned in which section
- Section 39
- Section 42
- Section 49
- Section 47
- “invoice” or “tax invoice mentioned in which section
- Section 27
- Section 29
- Section 31
- Section 47
- Valid return mentioned in which section
- Section 29
- Section 39
- Section 47
- Section 49
- GST Registration
- Aadhar based
- Passport based
- Pan based
- None of the above
- A person is having multiple business requires registration
- Single
- Each business separately
- Either A or B
- None of the above
- Deemed Registration
- After four working days
- After five working days
- After three common working days
- After seven working days
- Annual Return to be filed every year
- 30th June
- 30th September
- 31st December
- 31st October
- IGST tax levy means
- Within state
- Between two states
- Only A
- None of the above
- IGST levy can be levied
- Centre
- State
- Union Territory
- Both a and b
Answers:
1 (b), 2 (d), 3 (b), 4 (d), 5 (b), 6 (c), 7 (a), 8 (b), 9 (a), 10 (b), 11 (d), 12 (d), 13 (c), 14 (c), 15 (c), 16 (b), 17 (d), 18 (c), 19 (b), 20 (a), 21 (d), 22 (c), 23 (d), 24 (a), 25 (d), 26 (a), 27 (b), 28 (a), 29 (c), 30 (c), 31 (b), 32 (c), 33 (a), 34 (a), 35 (a), 36 (a), 37 (b), 38 (d), 39 (c), 40 (c), 41 (b), 42 (a), 43 (a), 44 (b), 45 (c), 46 (a), 47 (b), 48 (b), 49 (c), 50 (c), 51 (c), 52 (b), 53 (c), 54 (b), 55 (c), 56 (c), 57 (b), 58 (a)
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