Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Goods and Services Tax (GST) -39

1. Who among the following are not entitled to take credit on inputs held in stock under sub-section (3) of section 140? 

(a) First and second stage dealers 
(b) Manufacturers of exempted goods 
(c) SSI manufacturers having turnover below 90 lakhs. 
(d) SSI manufacturer having turnover above 90 lakhs. 



2. Which of the following are not eligible state taxes under the transitional provisions 

(a) Entry tax 
(b) Central Sales Tax 
(c) Value Added Tax 
(d) Profession Tax, Luxury Tax & Entertainment Tax 


3. Which of the following will not be considered as eligible duties and taxes? 

(a) Additional duty leviable u/s 3(5) of the CTA 
(b) Basic Customs Duty 
(c) Central Excise 
(d) Service Tax  



4. The amount of credit of input tax will be paid by: 

(a) Debiting the electronic cash ledger mandatorily 
(b) Debiting the electronic credit ledger mandatorily 
(c) Debiting the electronic cash ledger or electronic credit ledger or both 
(d) None of the above 


5. A manufacturer of exempted and non-exempted goods or a service provider of exempted and taxable services are entitled to Cenvat credit under sub-section (4) section 140 on 

(a) All goods whether in stock or in finished goods or in semi-finished goods is eligible 
(b) Only goods directly pertaining to non-exempted goods or taxable services is eligible 
(c) Only proportionate credit based on the previous year turnover of non-exempted goods or taxable services is eligible 
(d) No credit is available in such cases 


6. On the transition date which of the following credits are not available 

(a) Credit available in the return filed under the old law 
(b) Credit of goods in transit 
(c) Credit of incomplete services 
(d) Exempted goods in transit and taxable under the new GST law 


7. Under what circumstances will the refund claim filed under the earlier law be rejected? 

(a) Refund claim is filed after appointed date 
(b) Credit is carried forward equivalent to refund amount 
(c) Refund claim is withdrawn 
(d) Refund claim will never lapse and shall be payable mandatorily paid by the department.

 

8. When can a refund claim be filed under provisions of section 142 

(a) Duty paid under the earlier law and exported prior to appointed date 
(b) Duty paid under the earlier law and exported after to appointed date 
(c) Duty paid after appointed date and exported after appointed 
(d) (a) and (b) 


9. Which of the following is not true about claiming refund of service tax under section 142? 

(a) Service tax is deposited under earlier law 
(b) Provision of service is complete under earlier law 
(c) Refund of service tax would be in cash 
(d) Refund claim should be within the time limit under section 11B(2) of the Central Excise Act, 1944 


10. Which of the following is true in respect of events after the applicability of GST? Transitional Provisions 271 Indirect Taxes Committee 

(a) Proceedings under earlier law will be disposed of under the earlier law 
(b) Any default due to proceedings in the earlier law will be recovered in the earlier law 
(c) Proceedings under the earlier law will be disposed of under the new law 
(d) Any refund due to the proceedings will be admissible as input tax credit 



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