MCQs on Goods and Services Tax (GST) -5

1. What are different types of supplies covered under the scope of Supply under CGST Act 2017?

(a) Supplies made with consideration
(b) Supplies made without consideration
(c) Both of the above
(d) None of the above


2. Which of the following taxes will be levied on Imports? 

(a) CGST 

(b) IGST  
(c) SGST 
(d) Exempt



3. Which of the following taxes would be levied on an intra-State supply of goods or services or both 

(a) CGST 

(b) Union territory tax 
(c) Both of the above 
(d) IGST


4. Is there any maximum rate prescribed under UTGST? 

(a) 14% 

(b) 20%  
(c)  28%
(d) 30%


5. What is time of supply of goods liable to tax under reverse charge mechanism? 

(a) Date of receipt of goods 

(b) Date on which the payment is made 
(c) Date immediately following 30 days from the date of issue of invoice by the supplier 
(d) Earlier of a/b/c 


6. What is the time of supply of vouchers when the supply with respect to the voucher is identifiable? 

(a) Date of issue of voucher 

(b) Date of redemption of voucher 
(c) Earlier of (a) & (b) 
(d) (a) & (b) whichever is later 



7. What is the time of supply of service for the supply of taxable services up to Rs.1000 in excess of the amount indicated in the taxable invoice? 

(a) At the option of the supplier – Invoice date or Date of receipt of consideration 

(b) Date of issue of invoice 
(c) Date of receipt of consideration. 
(d) Date of entry in books of account 


8. How is the date of receipt of consideration by the supplier determined? 

(a) Date on which the receipt of payment is entered in the books of account 

(b) Date on which the receipt of payment is credited in the bank account 
(c) Earlier of (a) & (b) 
(d) (a) & (b) whichever is later 


9. What is the time of supply of service in case an associated enterprise receives services from the service provider located outside India

(a) Date of entry in the books of account of associated enterprise(recipient) 

(b) Date of payment 
(c) Earlier of (a) & (b) 
(d) Date of entry in the books of the supplier of service 


10. What is the time of supply of vouchers when the supply with respect to the voucher is identifiable? 

(a) Date of issue of voucher 

(b) Date of redemption of voucher 
(c) Earlier of (a) & (b) 
(d) (a) & (b) whichever is later 


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