MCQs on Goods and Services Tax (GST) -1

1. The subsumption of which taxes will make the GST – a pucca Destination based Consumption Tax

A) CST and Central Excise  
B) VAT and Luxury Tax
C) Service Tax and Purchase Tax
D) Taxes on Lotteries and Entertainment Tax


2. When did GST come into effect in India?

A) 30th June 2017
B) 1st April 2017
C) 1st January 2017
D) 1st July 2017



3. The Items which will be taxable both under current Central Excise Law and new GST even after the implementation of the GST Act.

A) Motor Spirit
B) Alcoholic Liquor for Human Consumption
C) Tobacco and Tobacco Products
D) Natural Gas


4. The calculation of the aggregate turnover to decide the Taxable Minimum Turnover will be based on

A) State Wise Turnover Basis
B) All India Turnover Basis
C) State Wise Turnover excluding Export
D) All India Turnover excluding Export


5. The Dealers who are not eligible for any Threshold Limit in the minimum Registrable Turnover?

A) Casual Dealers and Non-Resident Taxable Persons
B) Input Service Distributors and Dealers making supply through Electronic Commerce Operator
C) Dealers making interstate Supplies and those having Reverse tax Liability
D) All of the Above


6. Aggregate Turnover Limit for Opting Compounding Scheme

A) 50/-Lakhs
B) 60/-Lakhs
C) 1 Crore
D) 1.5 Crore


7. Dealers not eligible for Opting Compounding Scheme

A) Exporters
B) Importers
C) Interstate Suppliers and those liable to remit Tax on Reverse Charge Basis
D) Manufacturing dealers


8. The permissible order of cross utilisation of IGST credit over the tax liabilities

A) SGST, CGST and IGST
B) IGST, CGST and SGST
C) CGST, IGST and SGST
D) CGST, SGST and IGST


9. The Tax applicable to interstate supplies will be:

A) SGST Only
B) CGST Only
C) IGST Only
D) CGST + IGST


10. The recommendation of the GST Council will be

A) Mandatory
B) Only Advisory Power
C) Mandatory and sometimes Advisory
D) Mandatory on States only



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