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Previous Year Solved Question Papers

MCQs on Goods and Services Tax (GST) -64

1. What will be the volume of fine in lieu of confiscation of the goods?

(A) Rs.10/-Thousand
(B) Equal Amount of tax
(C) Either a) or b) whichever is higher
(D) Fine not exceeding the market price of the goods



2. What is the punishment in the case of a tax evasion case exceeding Rs.250/-Lakhs?

(A) 5 Years imprisonment and fine
 (B) 3 Years imprisonment and fine
(C) 2 Years imprisonment and fine
(D) 1 Years imprisonment and fine



3. What is the punishment in the case of a tax evasion case between Rs.50/-Lakhs and Rs.250/-Lakhs

(A) 5 Years imprisonment and fine
(B) 3 Years imprisonment and fine
(C) 2 Years imprisonment and fine
(D) 1 Years imprisonment and fine




4. What is the punishment in the case of a tax evasion case between Rs.25/-Lakhs and Rs.50/-Lakhs

(A) 5 Years imprisonment and fine
(B) 3 Years imprisonment and fine
(C) 2 Years imprisonment and fine
(D) 1 Years imprisonment and fine



5. If any offence involving a tax evasion case of and above Rs.25/-Lakhs is repeated again, what will be the punishment in such a case?

(A) 5 Years imprisonment and fine
(B) 3 Years imprisonment and fine
(C) 2 Years imprisonment and fine
(D) 1 Years imprisonment and fine



6. What are the offences which cannot be permitted to compound in GST?

(i) Repetition of the offences serial numbered as 1 to 7 u/s.73
(ii) Repetition of the abetment in the case of the major offences listed u/s.73
(iii) Repetition of the tax evasion offence having a supply value exceeding Rs.1 Crore
(iv) Any offences which is also an offence under NDPSA (Narcotic Drugs and Psychotropic Substances Act, 1985) or FEMA (Foreign Exchange Management Act, 1999)

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


7. What will be the lower limit of the compounding fee?

(A) Rs.10,000/-
(B) 50% of the tax involved
(C) Rs.30,000/-
(D) Highest of the above a) or b)



8. What will be the upper limit of the compounding fee?

(A) Rs.30,000/-
(B) 150% of the tax involved
(C) Rs.50,000/-
(D) Highest of the above a) or b)



9. Who will be the registered taxable persons on the appointed day of the GST implementations?

(A) Those who apply for GST registration at least 30 days prior to the appointed day
(B) Those who apply for GST registration at least 5 days prior to the appointed day
(C) Every existing registered persons under the subsuming tax laws will be automatic provisional GST registration on the appointed day
(D) Any of the above



10. What will be the validity period of the provisional GST registration certificate that automatically issued on the appointed day?

(A) For 30 days from the appointed day
 (B) For 60 days from the appointed day
 (C) For 90 days from the appointed day
(D) For 6 months from the appointed day



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