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Previous Year Solved Question Papers

MCQs on Goods and Services Tax (GST) -68

1. Unadjusted ITC Credit at the end of a financial Year is carried forwarded to Next Financial Year except in the case of :

(A)  Zero-Rated Supply ( Export Supply)
(B) Inverted Tax Structure
(C) Both (A) and (B) above
(D) All ITC Carried Forwarded without any Refund




2. The unutilized ITC in the electronic ITC Ledger will be allowed to a new entity on business as a whole transfer, merger, demerger, amalgamation and on lease if the transfer deed provides for:

(A) Transfer of all the Assets of the Existing Business Concern
(B) Transfer of all the Liabilities of the Existing Business Concern
(C) Transfer of both Assets and Liabilities of the existing business concern including credit on Electronic Cash Ledger
(D) Any of the Above




3. Suppose, One Dealer paying tax under Normal Scheme switch over in to Composition Scheme. What will be the fate of his already ITC availed existing stock and Credit balance on Electronic ITC Ledger?

(A) Reversal of ITC on Existing Stock by Debiting the Electronic ITC Ledger and Electronic Cash Ledger
(B) The balance ITC Ledger after Reversal of ITC on Stock will be lapsed
(C) Both (A) and (B) above
(D) No Reversal of ITC




4. The Proposed Penalty for availing IPT without actual receipt of goods and /or services will be:

(A) 10,000/- or wrongly availed IPT whichever is higher
(B) 25,000/- or wrongly availed IPT whichever is higher
(C) 50,000/- or wrongly availed IPT whichever is higher
(D) No Penalty at all.




5. The Unadjusted Cenvat Credit under earlier law will be transferred and credited to :

(A) IGST ITC
(B) CGST ITC
(C) SGST ITC
(D) Any of the Above




6. The Unadjusted VAT Credit under earlier law will be transferred and credited to :

(A) IGST ITC
(B) CGST ITC
(C) SGST ITC
(D) Any of the Above




7. If a dealer paying Tax under Composition scheme in earlier law, switch over to normal scheme in GST, the treatment of Tax element involved in the stock will be:

(A) No ITC Credit
(B) ITC Credit subject to eligibility
(C) Refund of Tax Element
(D)None of the Above




8. What will be a Taxable Event in GST?

(A) Manufacture
(B) Taxable Supply of Goods and Services
(C) Both (A) and (B) above
(D) None of the Above




9. All the existing Registered Dealers under existing laws will be automatically migrated in to GST on provisional basis except:

(A) Local VAT Dealer
(B) Dealer having both VAT and CST
(C) Manufacturing Units remitting Cenvat
(D) ISD


10. The Order of the Utilisation of the SGST ITC Credit will be:

(A) IGST OPT,CGST OPT and SGST OPT
(B) CGST OPT,IGST OPT and SGST OPT
(C) SGST OPT,IGST OPT and No Utilisation over CGST OPT
(D) SGST OPT,CGST OPT and No Utilisation over IGST OPT



MCQs on Goods and Services Tax (GST) -69

1. The prescribed Time Period for completing Job Work on industrial inputs and thereby to avail IPT on inputs sent for Job Work will be: (Otherwise IPT will be reversed and allowed only on the actual receipt of the goods after Job Work)

(A) 30 Days
(B) 60 Days
(C) 90 Days
(D) 180 Days



2. The prescribed Time Period for completing Job Work on Capital Goods and thereby to avail IPT on inputs sent for Job Work will be: (Otherwise IPT will be reversed and allowed only on the actual receipt of the Capital goods after Job Work)

(A)  90 Days
(B) 180 Days
(C) 1 Year
(D) 2 Years



3. Suppose, Goods are sent for Job Work before the implementation date of GST and the same were not received back within 6 months from that date and not received it back even after the time extension of 2 months allowed on reasonable cause. What will be its effect in GST?

(A) Deemed Supply of the Registered Dealer who sent the goods for Job Work
(B) Deemed Supply of Job Worker
(C) No Taxable Event
(D) Either of the Party Liable to Pay GST



4. Suppose, the above Job Worker return back the goods after Job Work after 6 months or after the extended time period of 2 months, such Supply of Goods will be treated as :

(A) An Exempted Supply
(B) No Taxable Event
(C) Sales Return of the Registered Dealer
(D) Deemed Supply of the Registered Job Worker



5. The IPT on Capital Goods will be allowed in GST in or as :

(A) 3 Monthly Instalments
(B) 12 Monthly Instalments
(C) 36 Monthly Instalments
(D) One Go



6. The Tax Liability of a person receiving the goods instead of the person supplying the goods will be knows as:

(A) Purchase Tax
(B) Reverse Charge 
(C) Reverse Tax
(D) None of the Above



7. The ITC claimed by a Recipient of Supply will be provisionally allowed at first and the same will be confirmed subject to:

(i) Possession of Tax Paying Document not expiring 1 year from the date of issue and Matching of the Invoices
(ii) Receipt of Goods and /or Services (including Bill to and Ship To Scenario)
(iii) Filing of the Valid Return by the Supplier of Goods and/or Services
(iv) Invoice Declared before September,30th of the Next Financial Year or before filing of Annual Return whichever is earlier

Codes:
(A) i, ii & iii 
(B) i, ii & iv
(C) ii, iii & iv
(D) I, ii, iii & iv




8. The Prescribed final date for the filing of Annual Return with Quantitative Supply Data and Both direct and Indirect Expenditure and Income Data

(A) June, 30th of the Next Financial Year
(B) September, 30th of the Next Financial Year
(C) December, 31st of the Next Financial Year
(D) January, 31st of the Next Financial Year



9. ITC is allowed only on those goods and /or Services which are intended for making :

(A) Taxable Supplies
(B) Zero Rated Supplies
(C) Both (A) and (B) above
(D) Even on Taxable Inward Supply and Non-Taxable Local or Interstate Supplies



10. The goods sent by a Registered taxable Person to a Registered Job Worker is:

(A) Supply of Goods
(B) Deemed Supply of Goods
(C) Not a Taxable Supply of Goods
(D) Either (A) or (B) Above



More MCQs on Goods and Services Tax (GST)

MCQs on Goods and Services Tax (GST) -66

1. Suppose a goods vehicle contains 10 consignments having a total value of Rs.4,20,000/-whereas the individual value of each consignment is less than Rs.50,000/-.If so, how many number of prescribed documents should accompany in that goods vehicle?

(A) 11 e-generated prescribed documents from the common portal for transportation
(B) Only One e-generated prescribed document in respect of the entire consignment
(C) 8+1 e-generated documents
(D) No e-generated Document at all




2. Suppose a goods vehicle contains 10 consignments having a total value of Rs.4,20,000/-. Out of the above 2 consignments are of a transactions value of Rs.60, 000/- and 72,000/-respectively whereas the individual value of the remaining 8 consignmentsare less than Rs.50,000/-. If so, how many number of prescribed documents should accompany in that goods vehicle?

(A) 10 e-generated prescribed documents from the common portal for transportation
(B) 2 e-generated prescribed document in respect of the entire consignment
(C) 2 e-generated documents in respect of the consignment having he transaction value of more than Rs.50,000/-
(D) No E-generated Document at all




3. The power to issue order for arrest will be vested upon ?

(A) Commissioner of CGST/SGST
(B) Joint Commissioner of CGST/SGST
(C) Deputy Commissioner/Assistant Commissioner of CGST/SGST
(D) Any of the Above




4. What are the conditions in which a taxable person may beordered to be arrested ?

(A) An offence U/s.73 having a tax evasion value of more than Rs.50/-Lakhs
(B) Repetition of an offence U/s.73
(C) Any of the Above
(D) None of the Above




5. If a taxable person is arrested for a cognizable offence(Non-bail able Offence),he should be produced before a magistrate within:

(A) 24 hours
(B) 48 hours
(C) At any working days at the option of the proper officer
(D) No such need in the case of a tax evasion case




6. If a taxable person is arrested for a non-cognizable offence (Bail able Offence), who will be the empowered officer to release him on bail?

(A) Commissioner of CGST/SGST
(B) Deputy Commissioner/Assistant Commissioner of CGST/SGST 
(C) Joint Commissioner of CGST/SGST
(D) Any of the Above




7. How much volume of a tax evasion case will be a Cognizable or Non-Bail able Offence in GST?

(A) Tax evasion exceeding Rs.50/-Lakhs
(B) Tax Evasion exceeding Rs.1 Crores
(C) Tax Evasion Exceeding Rs.2 Crores
(D) Tax Evasion exceeding Rs.2.5 Crores




8. What will be the volume of compulsory penalty for the offences listed u/s.66(1) of the MGST Act,2016 will be :

(A) Rs.10,000/-
(B) Amount equivalent to the tax amount involved in the offence
(C) Highest of the above a) or b)
(D) No Penalty at all




9. If any makes repeats the short payment of tax, what will be the volume of penalty?

(A) Rs.10,000/-
(B) 10% of the tax short paid
(C) Highest of the above a) or b)
(D) No Penalty at all




10. What will be the maximum volume of compulsory Penalty in the case of offences like abetment ,etc. listed u/s.66(3):

(A) Rs.25/-Thousand
(B) Rs.10/-Thousand
(C) Rs.50/-Thousand
(D) Rs.1/-Lakh




More MCQs on Goods and Services Tax (GST)

MCQs on Goods and Services Tax (GST) -67

1. What constitute the repeated short payment of tax in GST?

(A) 2 short payment in 2 consecutive return periods
(B) 3 short payment in 3 consecutive return period
(C) 2 short payment in 2 return period during any 6 consecutive return periods
(D) 3 short payment in 3 return period during any six consecutive return periods


2. What will be the maximum amount of penalty u/s.67 for contravening any provision of the GST Act or Rules on which no separate penalty is prescribed?

(A) Rs.25/-Thousand
(B) Rs.10/-Thousand
(C) Rs.50/-Thousand
(D) Rs.1/-Lakh



3. Suppose, after filing of the application for settlement, if the applicant is convicted of any offence or the commission convinced that the applicant is not co-operating with them. What will be the fate of the settlement application?

(A) To proceed with the available data
(B) To proceed with the data furnished already and that received from the new offence details
(C) To send back the case to the proper adjudicating authority
(D) Any of the above



4. The permissible time period to correct any error apparent on the face of record in the order of the settlement commission will be?

(A) 3 months
(B) 6 months
(C) 12 months
(D) No such time limit


5. Who will be the competent authority to issue an authorisation in writing for conducting any search?

(A) An Officer not below the rank of the Commissioner
(B) An Officer not below the rank of a Joint Commissioner
(C) An Officer not below the rank of a Deputy Commissioner
(D) Any of the Above



6. The minimum transaction value which necessitates the accompanying of any of the prescribed transporting documents will be :

(A) Goods having a transaction value of and above Rs.250/-
(B) Goods having a transaction value of and above Rs.5000/-
(C) Goods having a transaction value of and above Rs.50,000/-
(D) Goods having a transaction value of and above Rs.2,50,000/-



7. Whenever the goods will become a subject matter of confiscation in GST?

(A) Supply in violation of the act and rules
(B) Non-accounting of the taxable supplies
(C) Taxable supply without having applied for registration
(D) All of the Above



8. If the officer fails to issue a notice to the taxable person after the seizure of the goods within 60 days or within extended time period at maximum of 6 months, what will be its impact?

(A) Goods can still be detained up to the completion of the adjudication procedure
(B) Goods are to be returned
(C) Either (A) or (B) at the discretion of the adjudicating authority
(D) None of the Above


9. Suppose one dealer who was not liable to get registered in the earlier law or a manufacturer of the exempted goods became taxable under GST.How the tax element involved in his raw material stock or semi-finished goods or finished goods on the appointed day will be treated in GST?

(A) Refunded under earlier laws
(B) Allowed as ITC in GST
(C) Refunded under GST law
(D) No ITC Credit



10. Maximum settlement opportunity allowable to a taxable person?

(A) Only Once
(B) Only 2
(C) Up to 3 cases
(D) No such limit




MCQs on Goods and Services Tax (GST) -65

1. Suppose taxable identifiable goods under earlier law dispatched within 6 months prior to the appointed day (i.e.01-04-2017) are returned back after 6 months from the appointed day. How such return supply will be treated under GST?

(A) It will be Subject to tax at the appropriate rate of GST
(B) No GST
(C) At the half rate of the GST
(D) Only SGST is charged


2. What will be the volume of penalty in confiscation cases?

(A) Rs.10/-Thousand
(B) Equal Amount of tax
(C) Either a) or b) whichever is higher
(D) Rs.50/-Thousand



3. What will be the procedure to be complied by the provisional registration certificate holders to get final certificate of registration?

(A) By e-filing the online registration application with the prescribed scanned documents within 1 months from the appointed day
(B) By e-filing the online registration application with the prescribed scanned documents within 2 months from the appointed day
(C) By e-filing the online registration application with the prescribed scanned documents within 3 months from the appointed day
(D) By e-filing the online registration application with the prescribed scanned documents within 6 months from the appointed day


4. If one dealer fails to give the additional information for final registration in GST within the prescribed time period, what will be the fate of the provisional registration?

(A) It will be cancelled giving SCN
(B) He will be issued compulsory final Registration without allowing any ITC
(C) Either a) or b)
(D) None of the above


5. Suppose, One existing dealer who has been issued Provisional Registration Certificate is not liable for registration under GST due to the below registrable limit or items not liable to tax under GST. What will be the option available to such dealers in the provisional registration period?

(A) He may apply for the cancellation of the provisional registration
(B) He has to wait for the completion of the provisional registration period of 6 months
(C) Cancellation will be permitted only after One year from the appointed day
(D) None of the Above




6. Suppose one dealer has Cen vat or Local VAT unadjusted ITC credit carried forward to the last return period in the subsumed taxation laws. How this balance unadjusted ITC will be treated in GST?

(A) Refunded under earlier laws
(B) Allowed as ITC in GST
(C) Refunded under GST law
(D) Any of the Above



7. If any actions are instituted against the admissibility of ITC under earlier law either before or after the implementation of GST, how it will be treated under GST?

(A) Collected as a tax arrears under earlier law
(B) Collected as a tax arrears in the GST
(C) Either a) or b)
(D) None of the Above



8. Suppose one taxable person has un-availed cenvat credit or ITC on capital goods not carried forwarded to the last return in the earlier law and allowable both under earlier law or GST law. How it will be treated under GST?

(A) Refunded under earlier laws
(B) Allowed as ITC in GST
(C) Refunded under GST law
(D) Any of the Above



9. What will be the volume of penalty for transporting goods without documents or makes supplies without any supporting entries in the books of accounts will be:


(A) Rs.25/-Thousand
(B) Rs.10/-Thousand
(C) Rs.50/-Thousand
(D) Equal Amount of tax


10. What will be the penalty for opting the composition of the tax liability without eligible for the same?


(A) Rs.25/-Thousand
(B) Rs.10/-Thousand
(C) Rs.50/-Thousand
(D) Equal Amount of tax


More MCQs on Goods and Services Tax (GST)