MCQs on Goods and Services Tax (GST) -4

1. The Tax Liability of the Central Government, State Government and Local Authorities will be in respect of the activities or transactions in the status of a:

A) Welfare Authority
B) Public Authorities
C) General Administration
D) All of the above




2. Composition levy is applicable to the taxable persons whose aggregate turnover-

A)   Did not exceed 50 lakh in the current year
B)   Did not exceed 50 lakh in the preceding year
C)   Did not exceed 60 lakh in the current year
D)   Did not exceed 60 lakh in the preceding year



3. Zero Rated Supply means:

A) No OPT Liability .But, eligible for IPT Credit
B) No OPT Liability and No IPT Credit
C) Both OPT Liability and IPT Credit
D) None of the Above


4. IGST means ................... ?

A)   Inter-state GST
B)   Integrated GST
C)   Import GST
D)   International GST



5. In GST, the registration application approval is to be intimated by the respective SGST/CGST Officials within :

A)   10 Common Working days in form GST REG-06
B)   7 Common Working days in form GST REG-06
C)   5 Common Working days in form GST REG-06
D)   3 Common Working days in form GST REG-06


6.  The maximum rate of tax prescribed for manufactures in Composition levy is;(GST +SGST)

A)   1 %
B)   5%
C)   0.5%
D)   2.5 %

 

7. The Tax which are levied on an intra-state or Local supply of goods and / or Services

A) SGST Only
B) CGST Only
C) Both SGST and CGST
D) IGST Only

 

8. Whether the dealers making the exclusive supply of Liquor or Petrol, Diesel and Crude Oil should have to take registration under GST Act?

A)   Yes
B)   No
C)   Optional
D)   Either (A) or (C)

 

9. ......................... tax is levied on inter-state supply of goods and services?

A)   CGST
B)   SGST
C)   IGST
D)   VAT


10. Who is called a Deemed Supplier of Services?

A) Job Worker
B) ISD
C) Agent
D) Sister Concern


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