Goods & Service Tax (GST) – CS Executive Tax Laws MCQs

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Goods & Service Tax (GST) – CS Executive Tax Laws MCQs

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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.

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Tax on inter-State supplies, import into India, supplies made outside India and supplies made in SEZ shall be charged under………

3 / 107

Which of the following called the Union territory as being covered under the Union Territory Goods and Services Tax Act, (UTGST), 2017?

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:

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:

6 / 107

Inter-State supply of service is primarily covered in……..of the CGST Act, 2017.

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:

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.

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.

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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 ₹……..

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……..

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 ……..

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.

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……..

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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.

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.

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.

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:

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:

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.

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:

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:

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 ……..

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:

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:

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:

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:

28 / 107

Input Service Distributor shall file the return in GSTR-6 for the input service distributed by:

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.

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.

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:

32 / 107

Online information and database access or retrieval service do include the following:

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.

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:

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:

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.

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.

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.

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.

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 :

41 / 107

To avail input tax credit, which of the following factors is not relevant:

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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.

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.

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 ……..

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……..

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:

47 / 107

Which of the following expenditure is eligible for an input tax credit?

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 ……..

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.

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 ……..

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:

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]

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:

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?

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……..

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……..

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.

58 / 107

Which of the categories of registered persons who are being eligible for the composition scheme under the CGST Act, 2017:

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 ……..

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……..

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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……..

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 ……..

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.

64 / 107

The Goods and Services Tax Council shall establish a mechanism to adjudicate any dispute……..

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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.

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:

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:

68 / 107

Composition scheme is not applicable to service providers except the following:

69 / 107

When agriculturist registered under GST supplies tobacco leaves to a factory, the liability to pay GST is on.

70 / 107

The Compensation to States for loss of revenue on account of implementation of GST is for……..years.

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The decision of the GST Council will be adopted when it has the support of:

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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:

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

74 / 107

Power to declare certain activities/ transactions as neither supply of goods nor of services is given in:

75 / 107

Which of the following goods is not exempt from GST:

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:

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:

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

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……..

80 / 107

Find out from the following, who will be the member of the GST Council on behalf of each 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:

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

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?

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:

85 / 107

Taxes that were replaced by GST legislation are:

86 / 107

The highest enabling limit of a tax rate of IGST has been prescribed at:

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:

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:

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:

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

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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:

92 / 107

GST Council comprises of various persons from Union and States and is being headed by a Chair Person who is:

93 / 107

The tax under GST legislation in India is being levied:

94 / 107

GST in India is levied on the basis of:

95 / 107

Special purpose vehicle to cater for the IT needs of GST is called:

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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:

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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?

98 / 107

Which of the following GST model is adopted in India?

99 / 107

Who among the following is eligible for availing composition scheme under GST?

100 / 107

In the case of a manufacturer who opts for composition scheme the rate of GST (including CGST and SGST) is:

101 / 107

Which of the following represents composite supply?

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:

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:

104 / 107

Which of the following has been kept out of the GST Levy?

105 / 107

Which law will govern the inter-State supply of goods or services?

106 / 107

All decisions of the GST Council must have a majority in order to implement the same.

107 / 107

Which of the following countries was the first to introduce GST?

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