Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Goods and Services Tax (GST) -51

1. Can IGST amount apportioned to a State, if subsequently found refundable to any person and refunded to such person, be reduced from the amount apportioned to such state? 

(a) Yes 
(b) No 
(c) Partially 
(d) None of the above 



2. Out of the IGST paid to the Central Government in respect of import of goods or services, if the registered taxable person does not avail the said credit within the specified period and so remains in the IGST account, what is the treatment? 

(a) Refund it back to the taxable person. 
(b) Can be claimed after the expiry of the specified period. Apportionment of Tax and Settlement of Funds 341 Indirect Taxes Committee 
(c) Apportion to the Central Government based on rate equivalent to CGST on similar intra-State supply and Apportion to the state where such supply takes place. 
(d) None of the above. 


3. The provisions of apportionment of tax also apply to 

(a) Apportionment of interest 
(b) Apportionment of penalty 
(c) Compounding amount realized in connection with tax so apportioned. 
(d) All of the above 


4. The registered person has paid IGST by treating an intra-State supply as inter-State supply. The officer has levied CGST and SGST as the same is intra-State supply. What is the remedy? 

(a) Pay CGST and SGST along with applicable interest 
(b) Pay CGST and SGST and Claim refund of IGST 
(c) Forgo IGST paid 
(d) None of the above 


5. What provisions of CGST have been made applicable to IGST? 

(a) All provisions 
(b) Only a few provisions 
(c) The provisions of CGST Act as would be applicable to IGST has not been mentioned 
(d) The exact provisions of CGST Act as would be applicable to IGST have not been enumerated. However a list of items have been mentioned, whose corresponding provisions under CGST would apply to IGST Act. 


6. What would the TDS and TCS rates be under IGST? 

(a) TDS and TCS provisions not applicable to IGST since no such provisions have been incorporated under IGST Act 
(b) At the rates mentioned in CGST Act 
(c) At the rate equal to CGST Act + SGST Act 
(d) At double the rate mentioned in CGST Act


7. When is a service transaction deemed to have been initiated before commencement of IGST Act? 

(a) When invoice relating to such supply has been received or made before IGST has come into existence 
(b) Payment is made/ received either in part or full before IGST has come into existence 
(c) Both of the Above 
(d) Any one of the Above 


8. Is IGST payable on services imported after the appointed day, though service tax has actually been paid under service tax regime? 

(a) No. 
(b) Yes. Pay and avail the credit paid of IGST under reverse charge on full value 
(c) Yes. If tax has been paid partially under service tax regime and part of the service/ consideration paid has not suffered service tax under service tax regime 
(d) None of the above  


9. Can government make retrospective rules? 

(a) Yes. But cannot impose penalty for contravention of rules for retrospective period 
(b) Yes and also can impose penalty for contravention of rules for retrospective period 
(c) No 
(d) None of the above  



10. What is the effect if the parliament annuls the rules/ notifications issued by government?

(i) It is as good as no rules/ notifications were issued by the government 
(ii) The rules/ notifications issued by the government would be effective for the period from the date of issue till the date they were annulled by the parliament 
(iii) There would be no sanctity for the action taken by the department/ assessee on the basis of rules/ notification for the period from the date of issue till the date of annulment. 
(iv) The action taken by the department/ assessee from the period of issue of rules/ notification till date of annulment would be valid. 

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



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