Goods & Service Tax (GST) – CS Executive Tax Laws MCQsBy CACSMockTest / November 24, 2022 2 Goods & Service Tax (GST) – CS Executive Tax Laws MCQs 1 / 107 Total proceeds of the cess levied under section 8 of GST (Compensation to States) Act, 2017 as per section 10 shall be credited to a fund which is known as……… and shall form part of the public account of India to be utilized for the purposes specified and shall be a non-lapsable fund. (A) GST Cess Fund (B) GST Cess Compensation Fund (C) GST Compensation Fund (D) GST Fund 2 / 107 Tax on inter-State supplies, import into India, supplies made outside India and supplies made in SEZ shall be charged under……… (A) CGST&SGST (B) CGST& UTGST (C) CGST&IGST (D) IGST 3 / 107 Which of the following called the Union territory as being covered under the Union Territory Goods and Services Tax Act, (UTGST), 2017? (A) Andaman and Nicobar Island (B) Puducherry (C) Delhi (D) None of the above 4 / 107 State the “Base Year” and “Projected Growth Rate” for the purpose of calculating the compensation amount payable by the Centre on account of revenue loss to the States as specified under the Goods & Services Tax (Compensation to States) Act, 2017: (A) Financial Year 2014-2015, @ 14% (B) Financial Year 2015-2016, @ 14% (C) Financial Year 2016-2017, @ 14% (D) Financial Year 2017-2018, @ 14% 5 / 107 The base Financial Year for the purpose of calculating compensation amount payable to the State as per Goods & Services Tax (Compensation to States) Act, 2017 shall be taken: (A) 2014-2015 (B) 2016-2017 (C) 2012-2013 (D) 2015-2016 6 / 107 Inter-State supply of service is primarily covered in……..of the CGST Act, 2017. (A) Section 12 (B) Section 14 (C) Section 8 (D) Section 18 7 / 107 For the purpose of calculating the compensation payable to the States under the Goods and Services Tax (Compensation to States) Act, 2017 the base year for reckoning the Revenue is: (A) 31.3.2014 (B) 31.3.2015 (C) 31.3.2016 (D) 31.3.2017 8 / 107 The advance ruling means a decision provided to an applicant on the matter or a question specify u/ss 97(2) and 100(1) of the CGST Act, in relation to the supply of goods or services or both being undertaken by the applicant. (A) Commissioner (Appeals) (B) Authority or Appellate Authority (C) Appellate Tribunal (D) Adjudicating Authority 9 / 107 The Electronic Liability Register specified under section 49(7) of the CGST Act, 2017 as per Rule 85 of the CGST Rules, 2017 shall be maintained in Form……..for each person liable to pay tax, penalty, late fees or any other amounts payable by him on the common portal which shall be debited to the said register. (A) GST PMT-10 (B) GST PMT-01 (C) GST PMT-05 (D) GST PMT-02 10 / 107 Section 35(5) of the Central Goods & Services Tax (CGST) Act, 2017 mandates that every registered person mustget his accounts audited by a……..if his aggregated turnover during a financial year exceeds ₹…….. (A) Chartered Accountant or Company Secretary, 2 Crore (B) Chartered Accountant or Cost Accountant, 2 Crore (C) Chartered Accountant or Company Secretary or Cost Accountant, 3 Crore (D) Chartered Accountant, 3 Crore 11 / 107 A draft template of invoice to be raised by a registered person liable to pay tax under Reverse Charge Mechanism (RCM) under GST is known as…….. (A) GSTINV-1 (B) GSTINV-2 (C) GSTINV-3 (D) GSTINV-4 12 / 107 The proper officer, it has reasons to believe that the registration of a person is liable to be cancelled under section 29 of CGST Act, then he shall issue a notice to such person in Form ……..and after considering the reply furnished by such person shall pass on the order to drop proceedings in Form …….. (A) GST REG-16, GST REG-17 (B) GST REG-17, GST REG-18 (C) GST REG-17, GST REG-19 (D) GST REG-17, GST REG-20 13 / 107 The application for registration filed as per Rule 8, prior to the grant of registration be examined and if found to be deficient, a notice to the applicant in Form ……..be issued within a period of ……..days from the date of submission of application. (A) GST REG-03, 7 (B) GST REG-03, 3 (C) GST REG-05, 7 (D) GST REG-01, 3 14 / 107 Section 22 of the CGST Act, 2017 refers to the expression “Special Category States” and there are total……..special category States as per sub-clause (2) of Clause (4) of Article 279A of the Constitution. However, special category States for the purpose of registration under the CGST Act, 2017 out of which are…….. (A) 7, 2 (B) 7,4 (C) 11,4 (D) 11,7 15 / 107 The registration under GST is……..based on a State-specific number and is known as GST Identification Number (GSTIN) which is a ……..digit number under the CGST Act, 2017. (A) TAN, 12 (B) PAN, 15 (C) TAN, 15 (D) PAN, 12 16 / 107 Refund order should be made by the Proper Officer within……..days from the date of receipt of application which is complete in all respects and where the Proper Officer is satisfied with the amount so refundable is payable to the applicant, he shall make an order in Form……..which shall be credited to the account of the applicant. (A) 45, GST-RFD-5 (B) 90, GST-RFD-4 (C) 60, GST-RFD-6 (D) 90, GST-RFD-6 17 / 107 The certificate of registration issued to a casual taxable person or to a non-resident taxable person shall be valid for the period specified in the application for registration or for……..days from the effective date of registration whichever is earlier. The validity of the registration period on a request made by such taxable person may be further extended by the Proper Officer for a period not exceeding……..days. (A) 60,45 (B) 90,60 (C) 90,90 (D) 90,30 18 / 107 Goods and Services to be supplied chargeable under the CGST Act, 2017 have been classified under different specified Code Number/s which are known as Harmonized System Nomenclature (HSN) Codes. These HSN codes have been evolved and developed by: (A) GST Council (B) HSN/SAC Codes Committee (C) Customs Cooperation Council of Belgium (D) None of the above 19 / 107 When the goods are dispatched to a destination which is 280 km from the place of dispatch, the e-way bill generated is valid for: (A) 1 day (B) 3 days (C) 2 days (D) 5 days 20 / 107 Mr. Pandit is engaged in the trading of gifts articles and his annual turn-over will exceed ₹ 200 lakh. The due date for filing the annual return would be……..of the following financial year. (A) 31st October (B) 31st December (C) 30th September (D) 30th November 21 / 107 The assessee is required mandatorily to mention the Harmonized System Nomenclature (HSN) or Service Accounting Code (SAC) on the tax invoice of the product or service supplied under GST: (A) Having a turnover of ₹ 2 Crore and above (B) Having a turnover of ₹ 3 Crore and above (C) Having a turnover of ₹ 4 Crore and above (D) Having a turnover of ₹ 5 Crore and above 22 / 107 State the default committed on the part of a registered person which attracts an action by the proper officer to make best judgment assessment and also state the time limit within which such assessment is to be made: (A) Furnish inaccurate data in return and within 2 years from the due date of annual return of the period to which the tax not paid relates (B) Fails to file a general return under section 39 and within 5 years from the due date of annual return of the period to which tax not paid relates (C) Fails to file a final return under section 45 even after the notice under section 46 and within 5 years from the due date of annual return of the period to which tax not paid relates (D) Both (B) and (C) above 23 / 107 The validity period specified for an e-way bill or a consolidated e-way bill under E-way rules as specified in rule 138 for …….. (A) Distance up to 1 km – half day (B) Distance up to 10 km – 1 day (C) For every 100 km or part thereof thereafter—one additional day (D) Both (B) and (C) above 24 / 107 The maximum validity period of the certificate of registration issued to a casual and non-resident taxable person as per Section 27 of the CGST Act, 2017 is: (A) 90 days from the effective date of registration (B) 180 days from the effective date of registration (C) 365 days from the effective date of registration (D) None of the above 25 / 107 The time duration for retention of accounts and records under Goods and Services Tax (GST) as per section 36 of the CGST Act, 2017 is: (A) Untilexpiryof36monthsfromthe due date of furnishing of annual return for the year pertaining to such accounts and records (B) Until the expiry of 48 months from the due date of furnishing of annual return for the year pertaining to such accounts and records (C) Until the expiry of 60 months from the due date of furnishing of annual return for the year pertaining to such accounts and records (D) Untilexpiryof72monthsfromthe due date of furnishing of annual return for the year pertaining to such accounts and records 26 / 107 Goods seized by a proper Officer or an Authorized Officer can be released on a provisional basis upon execution of a bond for the value of goods and furnishing of security. The bond so executed will be in Form: (A) GST INS-06 (B) GST INS Bond-03 (C) GST INS-01 (D) GST INS-4 27 / 107 A taxable person who makes an excess claim of input tax credit or excess reduction in output tax liability shall pay interest at such rate not exceeding: (A) 18% (B) 24% (C) 20% (D) 21% 28 / 107 Input Service Distributor shall file the return in GSTR-6 for the input service distributed by: (A) 10th of the next month (B) 18th of the next month (C) 13th of the next month (D) 20th of the next month 29 / 107 A casual taxable person or a non-resident taxable person shall be required to apply for registration at least ……..days prior to the commencement of business. (A) 30 (B) 5 (C) 15 (D) 7 30 / 107 Time duration as per section 36 of the CGST Act, 2017 for retention of accounts and records under GST is until the expiry of……..months from the due date of furnishing of annual return for the year pertaining to such accounts and record. (A) 72 (B) 84 (C) 60 (D) None of the above 31 / 107 Raj & Co., applied for voluntary registration under CGST Act, 2017 on 5th July 2018 and the registration was granted on 15th July 2018. Raj & Co. was having the stock available against the invoices for a period of 3 months old. Raj & Co. shall be eligible for an input tax credit on such stock as held as on: (A) 30th June 2017 (B) 5th July 2017 (C) 15th July 2017 (D) 14th July 2017 32 / 107 Online information and database access or retrieval service do include the following: (A) Online gaming (B) Cloud services (C) Advertising on the internet (D) Physical delivery of goods 33 / 107 When a special audit is directed under GST with the prior approval of the Commissioner the audit report signed and certified must be submitted within ……..days. (A) 15 (B) 45 (C) 90 (D) 150 34 / 107 When a person liable to pay tax under GST claims excess input tax credit or excess reduction in output tax liability, he shall pay interest not exceeding: (A) 12% (B) 15% (C) 24% (D) 21% 35 / 107 Madhan is located in Chennai. He has a branch office in Cochin. He wants to transfer goods. His turnover was always below ₹ 10 lakh. His registration under GST is: (A) Voluntary (B) Compulsory (C) Compulsory only when turnover exceeds ₹ 40 lakh (D) As and when deemed by the Revenue 36 / 107 XYZ Co. Ltd. registered under GST has to maintain accounts and records until the expiry of……..months from the due date furnishing the annual return for the year. (A) 36 months (B) 84 months (C) 72 months (D) 60 months 37 / 107 Integrated tax credit as per section 9 A of UTGST Act, 2017 on account of Union Territory Tax shall be utilized towards payment of ……..only after the input tax credit available on account of …….. has first been utilized towards such payment. (A) Integrated Tax and Union Terri-tory Tax, Integrated Tax (B) Union Territory Tax, Input Tax (C) Integrated Tax or Union Territory Tax, Union Territory Tax (D) Integrated Tax or Union Territory Tax, Integrated Tax 38 / 107 The Input Tax Credit (ITC) is being credited to……..of a person which may be used by the person to pay his output tax liability. (A) Electronic Cash Ledger (B) Electronic Credit Ledger (C) Electronic Tax Ledger (D) Electronic Tax Credit Ledger 39 / 107 Availability of Input Tax Credit in special cases as per section 18( 1) of the CGST Act, 2017 is available where a registered person is having a tax invoice relating to such supply issued not after the expiry of……..from the date of issue of tax invoice. (A) 3 months (B) 6 months (C) 1 year (D) 9 months 40 / 107 Section 2(62) of CGST Act, 2017 specify input tax in relation to a registered person, which means the Central Tax, State Tax, Integrated Tax or Union Territory Tax charged on any supply of goods or services or both made to him but does not include : (A) Integrated goods and services tax charged on import of goods (B) Tax under the provisions of section 9(3) and 9(4) (C) Tax paid under composition levy (D) Tax under Union Territory Goods & Services Tax Act 41 / 107 To avail input tax credit, which of the following factors is not relevant: (A) Tax invoice (B) Furnishing of return by the supplier (C) Receipt of goods and services (D) Payment by the buyer for supply received 42 / 107 The registered person, in case of the supply of capital goods or of plant and machinery on which input tax credit (ITC) has been availed/taken shall pay an amount equal to the Input Tax Credit on such capital goods or plant and machinery which is being arrived at by reducing the Input-tax at percentage points for every quarter or part thereof from the date of issue of invoice of such goods or the tax on the transaction value of such capital goods, whichever is higher. (A) 3 (B) 5 (C) 6 (D) 2 43 / 107 When the goods are sent to the job worker input tax credit will be reversed if the goods are not received back by the principal after completion of job work within……..of being sent out. (A) 3 months (B) 6 months (C) 1 year (D) 3 years 44 / 107 Section 51 of the CGST Act, 2017 mandates deduction of tax at source (TDS) at a specified percentage by the Government or Local Authorities from the payments made or credited to the supplier where the value of supply under a contract exceeds the specified limit. State the specified percentage of TDS and the threshold limit of taxable goods or services or both under the contract …….. (A) 0.50% & ₹ 1,00,000 (B) 0.75% & ₹ 1,50,000 (C) 2% ₹ 5,00,000 (D) 1% & ₹ 2,50,000 45 / 107 The stipulated time limit within which inputs and capital goods sent to a job working in job work, shall be brought back and beyond that period it will be treated as supply and tax is payable by the principal as per CGST Act, 2017 is…….. (A) 6 months and 1 year in case of inputs and capital goods respectively (B) 1 year and 2 years in case of inputs and capital goods respectively (C) 1 year and 3 years in case of inputs and capital goods respectively (D) None of the above 46 / 107 Mr Pankaj of Delhi supplied goods to Mr Krishna of Delhi for ₹ 1 lakh, on which total GST was charged @ 12%. Mr Krishna, after purchasing of goods, added a 20% margin of profit (on cost) and sold the entire goods to Mr Ravi of Delhi. The total amount of tax payable after claiming input tax on such transaction by Mr Krishna is: (A) ₹ 12,000 (B) ₹ 14,400 (C) ₹ 2,400 (D) None of the above 47 / 107 Which of the following expenditure is eligible for an input tax credit? (A) Membership fee of a club (B) Home travel concession extended to employees (C) Goods given as free gifts (D) Caterer using the service another caterer 48 / 107 Babur Automobiles of Jaipur has supplied the goods of ₹ 2,66,090 to Goel Automobiles of Ajmer in the month of March 2020. The supply so made was inclusive of tax charged as CGST and SGST which on the products so sold as per rates prescribed under CGST Act, 2017 is @ 1896. The value of supply as per Rule 35 of the CGST Rules, 2017 of such supply shall be …….. (A) ₹ 2,66,090 (B) ₹ 2,25,000 (C) ₹ 3,13,986 (D) ₹ 2,25,500 49 / 107 What will the value of the supply of the mobile phone sold by Micromax to Anil Kumar for ₹ 35,000 in exchange for his old mobile phone? The sale price of the new mobile phone without exchange is ₹ 40,000. The value of the old mobile phone so exchanged was ₹ 7,000. (A) ₹35,000 (B) ₹ 40,000 (C) ₹ 42,000 (D) ₹ 33,000 50 / 107 Mr Ravi Raj a registered person based in Ahmedabad solicits the services of an Event Management Company based in Mumbai for his daughter’s marriage planned as a destination wedding at a Palace located in Udaipur. The place of supply, in this case, shall be…….. and tax to be charged under …….. (A) Ahmedabad, IGST (B) Mumbai, IGST (C) Udaipur, IGST (D) Ahmedabad, SGST 51 / 107 When an unregistered dealer sup-plied goods to a registered dealer, the time of supply under reverse charge shall be earliest of the: (A) date of receipt of goods (B) date of supply of goods (C) date of loading of goods in transport (D) date of intimation of supply of goods 52 / 107 The subsidy is given by the Central Government or a State Government while determining the value of taxable supply under Goods and Services Tax (GST) as per section 15 of the CGST Act, 2017: [Dec. 2018] (A) Included in the transaction value Le. value of taxable supply (B) Just ignored no treatment (C) Shall not be included in trans-action value Le. value of taxable supply (D) Deducted from the transaction value Le. value of taxable supply 53 / 107 Refreshments were supplied on board in an aircraft proceeding from Chennai to Delhi. It had a stop at Hyderabad. The refreshments were taken on board at Hyderabad. The place of supply is: (A) Delhi (B) Chennai (C) Hyderabad (D) None of the above 54 / 107 Mr Ram supplied goods to Mr Laxman. The invoice is dated 30.7.2018. The payment was received for the supply on 30.10.2018. The goods were dispatched on 5.8.2018. What is a time of supply under the GGST Act? (A) 5.8.2018 (B) 30.7.2018 (C) 30.10.2018 (D) None of the above 55 / 107 The supply of Goods/Services/ both, where the location of the supplier and the place of supply is in the same State or same Union Territory under CGST Act, 2017 and UTGST Act, 2017 is known as a…….. (A) Inter-State supply (B) Export supply (C) Intra-State supply (D) Not Intra-State supply 56 / 107 The liability to pay GST would depend on the mechanism the transaction aligns to the supplier who is registered with GST, issues a tax invoice, collects the GST and pays it to the Government. This mechanism under GST is known as…….. (A) Forward charge mechanism (B) Reverse charge mechanism (C) Composition levy mechanism (D) Taxable supply mechanism 57 / 107 The composition levy payable by a registered person whose aggregate turnover in the preceding Financial Year did not exceed one crore and fifty lakh rupees making supply by way of or as part of any services or in any other manner whatsoever of goods being food or any other article for human consumption or any drink (other than Alcoholic Liquor for human consumption) where such supply or service is for cash or defer payment or other valuable consideration shall be at ….. of the turnover. (A) 0.5% (B) 1% (C) 2.5% (D) 5% 58 / 107 Which of the categories of registered persons who are being eligible for the composition scheme under the CGST Act, 2017: (A) Supplier of the Restaurant Ser-vices (B) Manufacturer of notified goods (C) Non-resident taxable persons (D) Casual taxable person 59 / 107 Permanent transfer or disposal of goods forming part of a business asset by or under the directions of the person carrying on the business whether or not for consideration as well as the transfer of title in goods under an agreement where the property in goods passes at a future date on payment of full consideration as per Schedule – II of the CGST Act, 2017 to be treated as …….. (A) Supply of Goods (B) Supply of Services (C) Deemed supply (D) Both, supply and deemed supply 60 / 107 Section 7 of the CGST Act, 2017 defines the term ‘supply’ which are further being enumerated in the various schedules as specified in that section. The section includes certain transactions which are even without consideration but being construed as supply and also known as deemed supply. Such transactions are being specified in…….. (A) Schedule II (B) Schedule I (C) Schedule HI (D) Schedule IV 61 / 107 Most of the countries in the world follow a uniform GST System whereas considering the federal nature of the Indian Constitution, the Model of GST proposed and implemented in India from 1st July 2017 is…….. (A) Unilateral Model (B) Bilateral Model (C) Dual Model (D) None of the above 62 / 107 GST is a comprehensive tax regime covering both Goods and Services and is collected on value-added at each stage of the supply chain. GST is thus levied on the basis of …….. (A) Consumption principle (B) Destination principle (C) Set-off against that payable principle (D) Both consumption and destination base principle 63 / 107 Administration and procedural aspects of Goods and Services Tax are to be administered by the……..which is under the control of the Department of Revenue, Ministry of Finance, Government of India. (A) Central Board of Indirect Taxes and Customs (B) Central Board of Indirect Taxes (C) Central Board of Direct Taxes (D) GST Council 64 / 107 The Goods and Services Tax Council shall establish a mechanism to adjudicate any dispute…….. (A) Relating to any defect in the appointment of a person as a Member (B) Relating to any procedural irregularity of the Council (C) Between the Government of India and one or more States (D) Relating to the weightage of the vote for taking decision 65 / 107 Every decision of the Goods and Services Tax Council shall be taken at a meeting, by the majority of not less than……..of the weighted votes of the members present and voting. The vote of the Central Government shall have the weightage of……..of the total votes cast and the votes of all the State Government taken together shall have a weightage of……..of the total votes cast in that meeting. (A) 2/3, 1/3, 3/4 (B) 3/4, 1/3, 2/3 (C) 2/3, 2/3, 1/3 (D) 3/4, 1/2, 2/3 66 / 107 Service shall be a continuous supply of service agreed to be provided continuously or on a recurrent basis under a contract when the period of service exceeds: (A) 1 month (B) 3 months (C) 6 months (D) 1 year 67 / 107 When goods are packed and transported with insurance, the supply of goods, packing materials, transport and insurance as per provisions of the CGST Act, 2017, is called as: (A) Mixed Supply (B) Uniform Supply (C) Complex Supply (D) Composite Supply [ 68 / 107 Composition scheme is not applicable to service providers except the following: (A) Consultancy Service (B) Restaurant Service (C) Beauty Parlours (D) Cleaning work 69 / 107 When agriculturist registered under GST supplies tobacco leaves to a factory, the liability to pay GST is on. (A) Tobacco leaves the seller (B) The buyer under reverse charge (C) The agriculturist (D) Consumer of tobacco leaves 70 / 107 The Compensation to States for loss of revenue on account of implementation of GST is for……..years. (A) 2 (B) 5 (C) 8 (D) 10 71 / 107 The decision of the GST Council will be adopted when it has the support of: (A) One-third majority (B) Two-third majority (C) Three-fourth majority (D) Simple majority [ 72 / 107 President of India gave assent to(i) Central Goods and Services Tax Act, 2017(ii) Integrated Goods and Services Tax Act, 2017(iii) Union Territory Goods and Services Tax Act, 2017 and(iv) Goods and Services Tax (Compensation to State) Act, 2017 on: (A) 13th May 2017 (B) 13th April 2017 (C) 16th April 2017 (D) 6th June 2017 73 / 107 Section 2(6) of the CGST/SGST Act, 2017 defines aggregate turnover which is being computed on an India basis excluding the taxes charged under CGST Act, SGST Act, UTGST Act and IGST Act. Aggregate turnover shall include all supplies made by a taxable person comprising of:(i) Taxable supply(ii) Exempt supply(iii) Export of goods or services(iv) All Interstate supply of person having the same PAN(v) Supply on which tax is levied on reverse charge basis(vi) Value of all inward supply(vi) Value of all inward supply (A) (i), (iii), (iv) and (v) (B) (i), (iii), (iv) and (vi) (C) All the above in (i) to (vi) (D) (i), (ii), (iii) and (iv) 74 / 107 Power to declare certain activities/ transactions as neither supply of goods nor of services is given in: (A) Schedule IV (B) Schedule IE (C) Schedule II (D) Schedule I 75 / 107 Which of the following goods is not exempt from GST: (A) Fish seed (B) Icecream (C) Pappad (D) Plastic Bangles 76 / 107 A registered person of Delhi is buying and selling goods only in Delhi and Puducherry. The applicable law for GST in his case will be: (A) State GST (B) UTGST Act, 2017 (C) GST (Compensation to States) Act, 2017 (D) CGST Act, 2017 77 / 107 The exception to the general rule that “normally, the supplier of goods and services is liable to pay tax on supply, even if he does not collect from his customer ie. recipient of supply of goods or services” shall be applicable where there are: (A) Supply from an unregistered dealer to a registered dealer (B) Specified services through an e-commerce operator (C) Both (A) and (B) (D) None of the above 78 / 107 Exempt supply means the supply of any goods or services or both which may be wholly exempt from tax under section 11 or under section 6 of the IGST Act and includes……..(i) Non-taxable supply(ii) Zero-rated supply(iii) Supply having Nil rate of tax(iv) Composite supply (A) (i), (it) and (iii) (B) (i) and (iv) (C) (i) and (iii) (D) All the four above 79 / 107 GST Council is being constituted for making a recommendation on various issues relating to policy making, formulation of principle and implementation of policies relating to CGST Act, 2017. It is thus…….. (A) An administrative body (B) A Central level body (C) A Committee of Finance Ministers (D) An Apex Body 80 / 107 Find out from the following, who will be the member of the GST Council on behalf of each of the State: (A) Chief Minister of the State (B) Home Minister of the State (C) The Minister in charge of Finance or Taxation or any other Minister nominated by the State Government (D) Chief Secretary of the State 81 / 107 The GST Council for ensuring a single interface has distributed the administrative control of taxpayers of certain percentage with Central Tax Administration: (A) 5% of taxpayers having turnover below ₹ 1 Crore (B) 10% of taxpayers having turnover below ₹ 1.5 Crore (C) 10% of taxpayers having turnover below ₹ 1 Crore (D) 20% of taxpayers having turnover below ₹ 1.5 Crore 82 / 107 The payment of tax by an electronic operator who does not have a physical presence in taxable territory in India be made by……..(A) E-commerce operator himself (A) E-commerce operator himself (B) His appointed representative in India (C) The person who receives supply (D) Either (A) or (B) 83 / 107 Mr S, a manufacturer of medicines, whose turnover for the financial year 2018-2019 was ₹ 90 lakh opted to pay tax under GST as per the composition scheme from 1st April 2019. His turnover crosses ₹ 1.5 Crore on 30 November 2019. Will he be allowed to pay tax under the composition scheme for the remainder of the year ie. from 1st December 2019 to 31st March 2020? (A) Yes, he can avail of the benefit till 31st March 2020 (B) No, the option availed shall lapse from the day on which his aggregate turnover during the financial year 2019-2020 exceeds ₹ 1.5 Crore (C) Yes, the option can be availed up to the completion of half financial year Le. till 30th September 2019 (D) None of the above 84 / 107 A registered supplier under com-position levy can withdraw at any time and be required to file the Form for withdrawal from composition levy in: (A) GSTCMP-3 (B) GSTCMP-4 (C) GST MIS-1 (D) GST PCT-2 85 / 107 Taxes that were replaced by GST legislation are: (A) Purchase tax (B) Luxury tax (C) Central Sales tax (D) Options (A) and (B) above 86 / 107 The highest enabling limit of a tax rate of IGST has been prescribed at: (A) 20% (B) 14% (C) 28% (D) None of the above 87 / 107 Provision for levy and collection of tax on intra-State supply of goods or services or both by the Union Territory and for matters connected therewith or incidental thereto are being enumerated in: (A) CGST Act, 2017 (B) IGST Act, 2017 (C) UTGST Act, 2017 (D) None of the above 88 / 107 A supply made by a taxable person to a recipient consisting of two or more taxable supply of goods or services or both or any combination thereof which are only bundled and supplied in conjunction with each other in the ordinary course of business out of which one is a principal supply has been defined u/s 2(30) of CGST Act, 2017 to mean: (A) Mixed supply (B) Composite supply (C) Bundled supply (D) Both (A) and (B) 89 / 107 Mr Bala has made supply (within State) of taxable goods to the tune of ₹ 17 lakh, export supplies of ₹ 3 lakh and intra-state supply of exempt services of ₹ 4 lakh. His aggregate turnover as per Section 2(6) of the CGST/SGST Act, 2017 is: (A) 17 lakh (B) 20 lakh (C) 24 lakh (D) None of the above 90 / 107 Which of the following categories of registered persons are not eligible for the Composition Scheme under the CGST Act, 2017?(i) Supplier of the Restaurant Ser-vices(ii) Manufacturer of notified goods(iii) Non-resident taxable personsv(iv) Casual taxable person (A) (iii) and (iv) (B) (ii), (iii) and (iv) (C) (ii) and (iv) (D) (i), (iii) and (iv) 91 / 107 Construction of a complex, building, civil structure or the part thereof including a complex or building intended for sale to a buyer, wholly or partly except where the entire consideration has been received after issuance of the completion certificate, where required, by a competent authority or after its first occupation, whichever is earlier for the purpose of taxability under the CGST Act, 2017 shall be treated as supply of: (A) Goods (B) Both goods and services (C) Services (D) Contract work 92 / 107 GST Council comprises of various persons from Union and States and is being headed by a Chair Person who is: (A) Finance Secretary to Government of India (B) Union Finance Minister (C) Any State Finance Minister (D) Union Revenue Minister 93 / 107 The tax under GST legislation in India is being levied: (A) Exclusively by Union and State Laws (B) Simultaneously by Union and State Laws (C) Only by Union Laws (D) Only by State Laws 94 / 107 GST in India is levied on the basis of: (A) Consumption principle (B) Set-off against that payable principle (C) Destination base principle (D) Both consumption and destination base principle 95 / 107 Special purpose vehicle to cater for the IT needs of GST is called: (A) HSN (B) GSTN (C) IGSTN (D) SGSTN 96 / 107 Goods and Services Tax (GST) noted to be the greatest tax reform in India and therefore was rolled out with effect from 1st July 2017. It transforms a system of taxation and administration into the digital world by adopting the latest information technology. The GST model rolled out in India has been adapted from: (A) France (B) Canada (C) Argentina (D) None of the above 97 / 107 For the purpose of deciding “aggregate turnover” in order to determine the GST payable under the composition scheme, which of the following is to be excluded? (A) Exemption supply (B) Export of goods (C) Inter-state branch transfer (D) CGST 98 / 107 Which of the following GST model is adopted in India? (A) Australian model (B) Bagchi-Poddar model (C) Dual model (D) American model 99 / 107 Who among the following is eligible for availing composition scheme under GST? (A) Supply through e-commerce operators (B) Service supply like Company Secretary (C) Goods not taxable under CGST/ SGST/UTGST/IGST (D) Restaurants 100 / 107 In the case of a manufacturer who opts for composition scheme the rate of GST (including CGST and SGST) is: (A) 1% CGST + 1% SGST = 2% (B) 0.5% CGST + 0.5% SGST = 1% (C) 2% CGST + 2% SGST = 4% (D) 0.25% CGST + 0.25% SGST = 0.5% 101 / 107 Which of the following represents composite supply? (A) Doctor’s service with medicines (B) Package with fruits and chocolates (C) Coaching centre with monthly excursions on trekking (D) Supply of computer printer and laptop 102 / 107 When employer gifts goods to his employees, it will not be considered as a taxable supply for the purpose of GST if the value of supply to an employee does not exceed: (A) ₹ 5,000 (B) ₹ 20,000 (C) ₹ 50,000 (D) ₹ 1,00,000 103 / 107 Abhijit Sen is engaged in running a textile showroom at Gangtok (Sikkim). In order to avail composition scheme under GST law, his “aggregate turn-over” in the preceding financial year should not have exceeded: (A) ₹ 50 lakh (B) ₹ 40 lakh (C) ₹ 75 lakh (D) ₹ 150 lakh 104 / 107 Which of the following has been kept out of the GST Levy? (A) Generator (B) Computer (C) Jewellery (D) Electricity 105 / 107 Which law will govern the inter-State supply of goods or services? (A) CGST (B) SGST (C) UTGST (D) IGST 106 / 107 All decisions of the GST Council must have a majority in order to implement the same. (A) One-half (B) Three-fourth (C) 60% (D) 90% 107 / 107 Which of the following countries was the first to introduce GST? (A) the United States (B) Britain (C) Canada (D) France Your score is LinkedIn Facebook Twitter VKontakte Related