Goods and Services Tax (GST) MCQs [set-3]

Chapter: Unit 1

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

A. USA

B. UK

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C. CANADA
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D. CHINA
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Answer: C

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52. India GST model has ____________ rate structure.

A. 3
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B. 2

C. 5

D. 4

Answer: D

53. SAC stand for ____________.

A. Service Accounting Code

B. Software Accounting Code

C. System Accounting Code

D. Service Application Code

Answer: C

54. Can a person apply for pan without registration?

A. YES

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 B. NO

C. none

D. all

Answer: B

Chapter: Unit 3

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

A. Interstate
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B. Intra-state .c
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C. Intra- UT
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D. All of the above
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Answer: A c
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56. IGST deals with

A. Composition scheme

B. Time of supply

C. Service tax on imported services

D. All of the above

Answer: C

57. The turnover limit of Rs. 50 Lakh for composition scheme is not
applicable to the state of

A. Himachal Pradesh

B. Assam

C. Uttarakhand

D. None of the above

Answer: C

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 Chapter: Unit 2

58. Zero Rated Supplies include:

A. Exports

B. Imports

C. SEZs

D. Both A and C

Answer: D
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59. GSTN stands for:
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A. Goods and Services Transport Nation

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B. Goods and Service Tax Network
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C. Goods and Society Tax Network

D. Goods and Service Tax Net

Answer: B

60. What is taxable event under GST?

A. Supply of goods

B. Supply of services

C. Supply of goods and services

D. None of the above

Answer: C

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

A. YES

B. NO

C. none

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 D. all

Answer: A

62. Is composition scheme available to people making inter-state

supplies?

A. YES

B. NO

C. none

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D. all
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Answer: B
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63. Goods and Service tax is applicable to:
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A. Whole of India
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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

64. Can the taxable person under composition scheme avail the input tax
credit?

A. YES

B. NO

C. none

D. all

Answer: B

65. Can the composition tax be collected from customers?

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 A. YES

B. NO

C. none

D. all

Answer: B

66. Where the supplier involves a movement of goods, the place of supply
shall be determined by -------.

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A. Movement of goods
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B. Location of goods at the time of final delivery
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C. Supplier’s location

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D. Recipients’ location
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Answer: B
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67. Which of the following tax is not subsumed in GST?

A. VAT

B. Stamp Duty

C. Entry Tax

D. Entertainment Tax

Answer: B

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

A. CGST

B. SGST

C. CGST and SGST

D. IGST

Answer: D

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69. What is the maximum rate prescribed under CGST?

A. 5

B. 10

C. 30

D. 20

Answer: D

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70. What is the maximum rate prescribed under UTGST?
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A. 5
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B. 10

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C. 30
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D. 20
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Answer: D

71. What is the maximum rate prescribed under SGST?

A. 5

B. 10

C. 30

D. 20

Answer: D

72. How will the goods and services be classified under GST regime?

A. SAC/HSN CODE

B. HSN

C. SAC

D. None of the above

Answer: A

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73. Is there any ceiling limit prescribed for rate under IGST?

A. 12

B. 18

C. 28

D. 40

Answer: D

74. IGST tax levy means o m

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A. Within state
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B. Between two states

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C. Only A
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D. None of the above
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Answer: B

75. IGST levy can be levied

A. Centre

B. State

C. Union Territory

D. Both a and b

Answer: A

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