Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Goods and Services Tax (GST) -40

1. Unavailed CENVAT Credit on Capital Goods will be carried forward as? 

(a) CGST 

(b) SGST 
(c) IGST 
(d) CGST or SGST at the option of the supplier 


2. What is the condition for taking unavailed CENVAT Credit on Capital Goods? 

(a) The CENVAT Credit should have been admissible under earlier law but not under GST

(b) The CENVAT Credit should have been admissible under GST but not under earlier law
(c) The CENVAT Credit should not have been admissible under GST or the earlier law 
(d) The CENVAT Credit should have been admissible under both the earlier law and GST 


3. If the unavailed Input Tax Credit on Capital Goods under the earlier law which has been subsequently availed under the GST law is found to be inadmissible as per the Proceedings of the Department, then what will be the course of action for the Department? 

(a) Such amount cannot be recovered

(b) Such amount will be recovered under the earlier law 
(c) Such amount will be recovered under the GST law   
(d) Such amount may be recovered under the GST law or the earlier law at Department’s option 


4. Which of the following will be allowed as credit under subsection (3) of section 140? 

(a) Input services 

(b) Total input purchased during the year 
(c) Capital goods 
(d) Inputs held in stock 


5. The inputs in stock should be used or intended to be used for making: 

(a) Taxable supplies 

(b) Exempt supplies 
(c) Either taxable or exempt supplies 
(d) Both taxable and exempt supplies 


6. For credit to be allowable, invoices should not be issued earlier than: 

(a) Three months before the appointed day 

(b) Six months before the appointed day 
(c) Nine months before the appointed day 
(d) Twelve months before the appointed day 


7. How will the refunds occurring due to any proceedings under the earlier law relating to CENVAT Credit is treated under GST? 

(a) Such refund will be made in cash 
(b) Such refund will be allowed as input tax credit 
(c) Either a or b at the option of the taxable person 
(d) Either a or b at the option of the Department 


8. Section 142 will cover proceedings: 

(a) Relating to liability under GST 
(b) Relating to output duty liability under the earlier law 
(c) Relating to Cenvat credit or input tax credit under earlier law 
(d) All of the above 


9. Whether the amount paid as arrears of tax under the earlier law is admissible as input tax credit? 

(a) Yes 
(b) No
(c) Yes, if necessary documents are produced
(d) Yes,admissible as output tax credit


10. Which section provides tax-free movement for sending inputs and/or capital for job worker? 

(a) 20 
(b) 55 
(c) 175 
(d) 143 



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