MCQs on Goods and Services Tax (GST) -16

1. If credit applicable to more than one recipient, then it shall be distributed 

(a) Equally 
(b) On Pro rata basis to the aggregate turnover of such recipients 
(c) Proportionately 
(d) As per Adhoc Ratio 


2. Credit on Input services or capital goods held in stock can be availed in case of new Registration/Voluntary Registration 

(a) Yes 
(b) No 
(c) Yes on Input services only 
(d) Yes on capital goods only 


3. Is Input tax fully restricted in case of switch over from taxable to exempt supplies 

(a) Yes 
(b) No 
(c) Proportionately restricted 
(d) Not restricted 


4. Is Input tax to be paid in case of switch over from taxable to exempt supplies 

(a) Yes equivalent to the credit in respect of inputs held in stock (including semi finished and finished) and on capital goods held in stock 
(b) No Input Tax Credit 57 Indirect Taxes Committee 
(c) Yes full credit 
(d) No should be debited to electronic credit ledger 



5. Is Input tax to be reversed in case of supply of capital goods 

(a) Yes fully 
(b) No 
(c) Yes, to extent of credit taken as reduced by prescribed percentage or tax on transaction value whichever is higher 
(d) Yes to the extent of transaction value of such goods 


6. How the aggregate turnover of Rs. 20 Lakh is calculated? 

(a) Aggregate value of all taxable supplies, exempt supplies, export of goods/services and interstate supplies of a person having same PAN computed on all India basis. 
(b) Aggregate value of all taxable supplies, exempt supplies, export of goods/services and interstate supplies of a person computed for each state separately. 
(c) Aggregate value of all taxable intrastate supplies, export of goods/services and exempt supplies of a person having same PAN computed for each state separately. 
(d) Aggregate value of all taxable supplies, exempt supplies, export of goods/services and interstate supplies of a person having same PAN computed on all India basis and excluding taxes if any charged under CGST Act, SGST Act and IGST Act.



7. Which one of the following is true? 

(a) A person can’t collect tax unless he is registered. 
(b) Registered person not liable to collect tax till his aggregate turnover exceeds Rs.20 lakhs/ Rs.10 Lakhs as the case may be.  
(c) A person can collect the tax during the period of his provisional registration. 
(d) Both (a) and (b) are correct. 



8. Which of the following forms are used for registration? 

(a) Form GSTR -1 
(b) Form GSTR – 2 
(c) Form GST REG-01 
(d) Form GST REG 


9. Within how many days a person should apply for registration? 

(a) Within 60 days from the date he becomes liable for registration. 
(b) Within 30 days from the date he becomes liable for registration. 
(c) No Time Limit 
(d) Within 90 days from the date he becomes liable for registration. 


10. A person having ____business verticals in a State ____obtain a separate registration for each business vertical. 

(a) Single, shall 
(b) Multiple, shall 
(c) Multiple, may 
(d) Single, May 




More MCQs on Goods and Services Tax (GST)


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