Indirect Tax GST Practice MCQ Questions

Multiple Choice Questions 11 Pages

APJ Abdul Kalam Technological University

Bachelor of Finance Management

Contributed by

Gulab Sawhney

Sr.No Question Answer1 Answer2 Answer3 Answer4
1
GST is _____ based consumption
Indirect tax reforms
Goods and services tax
networks Destination Production
2
GST is applicable on _______ of goods and
services.
Production Demand Supply Manufacturi ng
3
Import of goods would be treated as
Intra- state Supply Inter–State Supplies Exempt Supply Non- taxable Supply
4
_______Petroleum products have been
temporarily been kept out of GST
One
Two
Four Five
5
__________ is levied on Intra-State Supply
of Goods and/or Services in
SGST IGST CGST UTGST
6
GST was introduced in India on
1/4/2016 1/5/2017 1/6/2018 1/7/2017
7
Supply of the following is not liable to GST.
Alcoholic liquor for
industrial consumptio
Alcoholic liquor for
medicinal consumption
Alcoholic liquor for human
consumption
Alcoholic liquor for animal
consumption
8
HSN Code Stands for
Home Shopping Network
Harmonized System of
Nomenclature Harmonized System Number Home State Number
9
The export of goods or services is considered
as a
Zero-rated supply Exempt Supply Taxable Supply Inward Supply
10
The Vice- chairman of the GST council is
Union Minister of state in
charge of Revenue. Union Finance Minister
One elected person amongst
the State Finance Minister’s
Minister in charge of Finance or
Taxation.
11
_________ is a tax that is shifted from one
taxpayer to taxpayer to another.
Direct Tax Indirect Tax Entry Tax GST
12
Indirect Tax is_______
Regressive tax Progressive tax Tax on tax Value added tax
13
Central & excise duty shall be levied in
addition to GST on______ Transaction
Petroleum Products Alcohol products
Tobacco and tobacco
products
Alcohol for human consumptio
n
Question Bank Subject Indirect Tax GST
Page 1
14
of the total number of member of the
GST council shall constitute the quorum at
its meetings.
Two One–half All Two- third
15
would provide three front end
services to the
Goods and services tax
networks GST Council Government Income tax
16
CGST and SGST/ UTGST will be charged
on
Intra-State Inter–State Import Export
17
In an area inside the sea between 12 nautical
miles to 200 nautical miles_______ will
be payable
CGST SGST IGST UTGST
18
Central sales Tax is _______a to be subsumed
under GST.
State Tax Entry tax Government Central Tax
19
On Petroleum Crude, High Speed Diesel,
Motor Spirit (commonly known as Petrol),
Natural Gas, and Aviation Turbine Fuel
GST will never be levied at
all
GST will be levied from a
date to be notified on the
recommendat ions of the
GST Council
GST will be levied, but it
will be exempt GST will be levied fully
20
What does ‘I’ stands for in IGST?
Internationa l Internal Integrated Intra
21
Exempt supply of any goods or services or
both attracts _____ rate of tax
Nil Zero Subsidized 18%
22
In case of services by an insurance agent to
Ms. ABC Insurance Co. Ltd., GST is to be
paid by______
Insurance Agent ABC Both Agent & Company Neither agent nor company
23
One tooth paste and tooth brush and a toilet
soap sold in a packet for Rs. 50, is ______
Mixed supply
Composite supply Joint Supply Not supply
24
In the case of composite supply the rate of
tax is ______
Average Rate of tax
Rate of principal supply
Highest rate
Lowest rate
25
Activities undertaken by the Government, or
any local authority in which they are
engaged as public authorities are
Supply of Goods Supply of Services
Supply of Both goods and
services
Not supply
Page 2
26
Composition scheme is available only
for______
Inter-state supplies B2B supplies
Intra-state supplies
E- commerce operators
27
Services by an employee to the employer in
the course of or in relation to his
employment is ____
Supply of Goods Supply of Services
Supply of Both goods and
services
Not supply
28
The functions performed by the Members
of Parliament, Members of State Legislature
are
Supply of Goods Supply of Services
Supply of Both goods and
services
Not supply
29
Services of funeral, crematorium or
mortuary including transportation of the
deceased is –_______
Supply of Goods Supply of Services
Supply of Both goods and
services
Not supply
31
In the case of mixed supply the rate of tax is
Average Rate of tax
Rate of principal supply
Highest rate
Lowest rate
32
The notified limit for payment of
composition levy in the case of special
payment of composition levy in the case of
special category states is_____
Rs. 1 Crore Rs. 20Lakh Rs. 50 Lakh
Rs. 75 lakh
33
A person liable to pay tax under Reverse
Charge Mechanism
Cannot opt for composition
Can opt for composition Cannot collect GST
Can collect composite tax
34
Supply of two or more taxable supplies
naturally bundled is
Mixed supply Composite supply Common supply Continuous supply
35
Letting out of the residential house is a
Supply
Taxable
Common supply
Non- taxable
Continuous supply
36
Rent received from letting of agricultural plot
is
Taxable Supply
Common supply
Non- taxable
Continuous supply
37
Sum received from cosmetic surgery to
improve looks is
Taxable Supply
Exempt Supply
Non- taxable
Continuous supply
38
Sale of time slot for advertisement on
television is
Taxable Supply
Exempt Supply
Non- taxable
Continuous supply
39
Royalty received by Mr. Arijit for use of the
song is
Taxable Service
Exempt Service
Non- taxable
Continuous Service
Page 3
40
Rooms are let out for religious purpose
where rent is 500 per day is
Taxable Supply
Common supply
Non- taxable
Continuous supply
41
In case of mobile connection for
telecommunica tion and internet services
provided on postpaid basis, Place of Supply is
Billing address of recipient as
per PAN
Billing address of recipient
as per government records
Billing address of recipient
as per records of supplier Billing address of supplier
42
Mr. Rajedra of Nagpur provides services to
Mr. Virendra of Rajkot, this will classify as
Intra-state supply Inter–State supply Exempt services Non-taxable services
43
M/s Puran of Maharashtra supplies goods to
M/s Viren of Delhi, this will classify as
Intra-state Inter–State Exempt Non-taxable
44
Place of supply when goods are imported into
India is .
Location of Importer Location of supplier Location outside India No location
45
Where goods are supplied on board a
conveyance, place of supply of goods is the
place where
Conveyance commences Conveyance ends Goods are taken on board Conveyance unloaded
46
Time of supply means the date of issue of
invoice or date of payment
Whichever is earlier
whichever is later any of the two issue of date of invoice
47
In respect of the additional payment for
value of supply like interest, late fee etc.,
the time of supply is
Date of additional payment
Date of original payment
Date on which supply was re
received
Any date at the option of the
supplier
48
Under GST law value of supply
Shall not include GST paid Shall include GST paid
Shall include taxes other than
GST
Shall not include any tax
49
The liability to pay tax on goods shall arise
at the
Dispatch of goods Removal of goods Time of supply Delivery of goods
50
Where goods are assembled or installed at
site, place of supply is the place where they
are
Sold Stored Installed Bought
Page 4
51
For catering services provided at an opening
ceremony of a cricket tournament, place of
supply will be the place .
Where event is actually held Location of supplier Location of recipient No Location
52
A desktop is supplied receiving Rs. 30,000
and a mobile phone worth Rs. 20,000.
Value of supply –
Rs 20,000 Rs 30,000
Rs 50,000
Rs 10,000
53
Mr. Ajay supplied goods to Mr. Vijay on
15.06.2019.He raised an invoice on
10.07.2019 and received the payment on
15.07.2019. The rate of tax was changed from
15% to 18% 01.07.2019. Time of supply
will be
10.07.2019 15.07.2019 15.06.2019 01.07.2019
54
will be the place of supply when the
goods are supplied on the direction of the
third party.
Location of the supplier Location of the recipient Location of the third party Location of Factory
55
Subsidies provided by the Central / State
Govt.
Shall be excluded from the
value of taxable supply
Shall be included from the
value of taxable supply Shall require no adjustment
Can be included or excluded
from the value of the taxable
supply
56

of supply is the amount upon which tax is
levied
Value Cost Turnover Discount
57
Discounts are excluded from value of
supply.
Reverse charge Transaction Recipient Supplier
58
Where services in relation to relation to
training and performance appraisal to a
registered person are provided,place of supply
is .
Location of such registered
person Location of supplier
Location where training is
provided Location of recipient
Page 5
59
Ms. Amruta issued an invoice to Ms.
Ankita on 5– 7–2018 for services rendered
on 15–7–2018. Ms. Ankita paid this amount
on 7–7–2018. The rate of tax was changed on
10–7–2018. The time of supply shall be
5–7–2018 7–7–2018 10–7–2018 15–7–2018
60
Place of supply in case of live concert
performed at Delhi by a singer from
Mumbai
Delhi Mumbai Maharashtra Punjab
61
Tax collected at the time of supply of
goods or services is called
Output tax
Input tax Composite tax Reverse tax
62
Input Tax credit cannot be availed if the
payment for supply is not made within
from the date of issue of the invoice.
150 days 180 days 130 days 110 days
63
The shall distribute the credit of
integrated tax and central tax.
Inputs central tax Input service distributor State Tax
64
ITC can be claimed by a registered person for
Taxable supplies for business
purpose
Taxable supplies for non-
business purpose Exempted supplies Non-taxable supplies
65
Input tax credit is not available for
Services
Zero Rated Supplies Taxable Supplies Exempt Supplies
66
Reversal of input tax credit happens when
Recipient does not pay the
amount within 180 days
When goods are of
inferior quality
Supplier refuses to accept
payment None of these
67
Rate of interest in case of belated payment of
tax is
1% 12% 18% 24%
68
The input credit of CGST can be utilized
for payment of and
CGST, UTGST CGST, PMT CGST, IGST SGST
69
The amount available in the Electronic
ledger may be utilized for making payment of
tax, interest, penalty, fees or any other amount
under GST
Cash Liabilities Credit Refund
Page 6
70
Cross utilization of ITC is not allowed
between
CGST and SGST SGST and IGST IGST and CGST IGST and IGST
71
A non-resident person having _____ may
take registration as
TAN Number PAN Number Aadhar Number Citizenship
72
Find out the time of Supply from the
following information where supply
involves movement of Goods 1.Date of
removal : 07/10/2019, 2. Date of Invoice
08/10/2019, 3. Date of Receipt of
payment 10/11/2019
11/11/2019 10/11/2019 8/10/2019 7/10/2019
73
Find out the time of Supply from the
following information where supply
involves movement of Goods 1.Date of
removal : 06/11/2019, 2. Date of Invoice
05/10/2019, 3. Date of Receipt of
payment 03/10/2019
5/10/2019 6/11/2019 3/10/2019 2/10/2019
74
Find out the time of Supply from the
following information where supply does
not involves movement of Goods 1.Date
on which goods are made available :
05/12/2019, 2. Date of Invoice
24/02/2020 3. Date of Receipt of
payment 12/01/2020
5/12/2019 12/1/2020 24/02/2020 13/1/2020
Page 7
75
Find out the time of Supply from the
following information where supply does
not involves movement of Goods 1.Date
on which goods are made available
:07/12/2019 2. Date of Invoice
30/12/2019, 3. Date of Receipt of
payment 02/01/2020
8/12/2019 7/12/2019 30/12/2019 2/1/2020
76
GSTR 1= Inward Supplies Outwrad Supples Annual Return Final Return
77 GSTR 9 = final return
Monthly Return by online
information
Annual Return Monthly summary return
78 GSTR 2 = Inward Supplies Annual Return Final Return monthly return TDS
79
GSTR 3= Inward Supplies
Monthly Return (periodic)
outward Supplies Final Return
80 GSTR 5 =
Return by Non resident tax
payers Monthly summary return
monthly return TDS Outwrad Supples
81 GSTR 11=
Monthly return by input
service distributers
monthly return TDS
Return to be filed by a
person having UIN
Final Return
82
Mr. C of Tamilnadu supplied goods/Services
for Rs.20000 to Mr. M of Maharashtra. SGST
and CGST rate on supply of Goods and
services is 9% each . IGST rate is 18% what is
the total Price charged by Mr.C?
20000 23600 3600 16949
83
Which of the following is example of Service
Access to free channels on
T.V.
An artist performing on
street
Provision for free Tourism
information
Serivces Provided by a club to
it’s members
Page 8
84
Mr. Mahesh of Maharashtra supplied
goods/Services for Rs.35000 to Mr. P of Pune.
SGST and CGST rate on supply of Goods and
services is 9% each . IGST rate is 18% what is
the total Price charged by Mr.C?
41300 6350 3150 35000
85
Mr M of Maduri Supplied Goods/Services for
Rs.24000 to Mr. S of Salem. Mr. M ourchased
goods and services for Rs.23600 (inclusive of
CGST and SGST at 9% ) from Mr.C of Chennai
what is the Net Liability of GST.
-3600 4320 720 1800
86
Which of the following taxes will be levied on
imports?
CGST SGST IGST Excise Duty
87
What would be the tax rate applicable in case
of composite Supply?
Tax rate applicable on
principal supply
Tax rate appllicable on
ancillary Supply
Tax rate appllicable on
respective Supply Tax rate is fixed at 18%
88
What would be the tax rate applicable in case
of Mixed Supply?
Tax rate applicable on supply
attracting the lowest rate of
Tax
Tax rate applicable on
supply attracting the
Highest rate of Tax
Tax rate is 28%
Tax rate applicable on supply
attracting the average rate of
Tax
89
Which of the follwing persons can opt for
composition scheme
Person Making any supply
goods which are not leviable
to tax under this act
Person making any inter
state outward supplies of
goods and services
Person effecting supply of
goods through the e
commere operator liable to
collect tax at source
Person providing restaurant
services
90
Mr. Richard a trader in Delhi has opted for
composition scheme of taxation under GST.
Determanine the rate of GST payble by him
under composition scheme?
0.5% CGST and 0.5% SGST 2.5% CGST and 2.5% SGST 5% IGST 5% UTGST
Page 9
91
Mr k of Maduri Supplied Goods/Services for
Rs.12000 to Mr. S of Salem. Mr. k purchased
goods and services for Rs.23600 (inclusive of
CGST and SGST at 9% ) from Mr.C of Chennai.
Who is Liable to Pay Tax
Mr.K Mr.S Mr.C Mr. P
92
Ekdanta Ltd (Mumbai Maharashtra) gives
a contract to Sunshine Ltd (Ranchi,
Jharkhand) to assemble a power plant in
its Kutch, Gujarat Which place of supply
is this?
This is the place of Supply
involves movement of goods
This is the place of Supply
involves no movement of
goods
This is the place of Supply
involves as per direction of a
third person
This is the place of Supply
involves palce of Installation
93
Mr. Z purchases coffee and snacks on
board at Airjet Mumbai to Delhi flight
when the aircraft flying over Gujarat. The
food items were loaded into aircraft at
Mumbai Which place of supply is this?
This is the place of Supply
involves movement of goods
This is the place of supply
whwre goods supplied on
Board a Conveyance
This is the place of Supply
involves as per direction of a
third person
This is the place of Supply
involves palce of Installation
94
Ekdanta Ltd (Mumbai Maharashtra) gives
a contract to Sunshine Ltd (Ranchi,
Jharkhand) to assemble a power plant in
its Kutch, Gujarat
Mumbai Ranchi Kutch Ranchi and Mumbai
95
Mr. Ashwin of Pune places order on Mr.
Amod of Mumbai for delivery of certain
goods. Mr. Ashwin directs Mr Amod to
deliver goods to Mr. Rahul in Indore. Which
place of supply is this?
This is the place of Supply
involves movement of goods
This is the place of Supply
involves no movement of
goods
This is the place of Supply
involves as per direction of a
third person
This is the place of Supply
involves palce of Installation
96
Mr. Z purchases coffee and snacks on
board at Airjet Mumbai to Delhi flight
when the aircraft flying over Gujarat. The
food items were loaded into aircraft at
Mumbai
Delhi Gujrat Mumbai
Place Between Mumbai and
Delhi
Page 10

Indirect Tax GST Practice MCQ Questions

Indirect Tax GST Practice MCQ Questions

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