MCQs on Goods and Services Tax (GST) -37

1. For the purpose of section 141 goods removed shall qualify as? 

(a) Semi-finished goods in the hands of manufacturer 
(b) Finished goods requiring further process 
(c) Inputs removed as such or after processing
(d) None of the above  


2. When should the invoice be received in order to fall under this section if the services are received before the applicability of GST and is pending for distribution on the date of GST? 

(a) Before the date of applicability of GST 
(b) After the date of applicability of GST 
(c) On the date of applicability of GST 
(d) The date of receipt of invoice is immaterial. 


3. Where a supplier has made a sale of goods and deducted tax thereon under earlier law and issued invoice for the same before the appointed day but received payment after the appointed day: 

(a) No TDS is required to be deducted again under GST Act 
(b) TDS is be deducted again under GST Act
(c) Both (a) & (b)
(d) None of the above  


4. Declaration of inputs held in stock by job worker on behalf of manufacturer is to be filed by? 

(a) Manufacturer 
(b) Job Worker 
(c) Both (a) and (b) 
(d) None of the above 


5. On which category of person will sub-section (6) of section 140 be applicable? 

(a) A registered person either paying tax at a fixed rate or paying a fixed amount in lieu of the tax payable under the existing law 
(b) A person who pays under the normal scheme under the GST law 
(c) A person who was paying under the composition scheme under the earlier law 
(d) A person who was exempt in the earlier law 


6. On what portion of the stock does the composition taxable person need to pay tax? 

(a) Inputs held in stock only 
(b) Input within semi-finished/finished goods held in stock only 
(c) Both (a) and (b) 
(d) None of these 


7. Which of the following is not a conditions for a tax payer paying taxes under the composition scheme under the earlier law now switching to the regular scheme under the GST law 

(a) Said person is eligible for input tax credit of such inputs under the GST law 
(b) Said person is in possession of invoice or duty paid documents not earlier than 12 months preceding the appointed date 
(c) The said person is continuing to pay taxes under the composition scheme under section 9 
(d) The goods are intended to be used for making taxable supplies. 


8. Which of the following manufacturers are composition tax payers 

(i) Covered under compounded levy scheme 
(ii) Covered under MRP valuation scheme 
(iii) Covered under benefit of reduced excise duty rate 
(iv) Covered based on production capacity 

Codes:
(a) (i) & (ii)
(b) (i) & (iv)
(c) (ii) & (iii)
(d) (iii) & (iv)


9. What happens to duties and taxes paid on goods which are returned within six months form the appointed date? 

(a) Revise old return and claim reduction in output liability 
(b) Claim refund of taxes paid earlier on such goods 
(c) Claim re-credit of taxes paid under earlier law as input tax credit under GST law 
(d) Revise the first GST return and claim the credit of taxes paid under earlier law 


10. Which of the following is NOT a requirement for claiming the exemption from GST on job work? 

(a) Job work should be for a specified purposes such as processing, testing, repair, etc 
(b) Goods should be returned after completion with six months or such extended period 
(c) Manufacturer should declare the details of inputs held in stock by the job worker on behalf of manufacturer 
(d) Job work should pay the GST even on returning the goods within the period of six months from appointed date 




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