Goods and Services Tax
(GST)
MCQs
(1) A casual taxable person or a non-resident taxable person shall apply for registration at least --- prior to the commencement of business
A. 3 days
B. 5 days
C. 10 days
D. 15 days
(2) Unique Identity Number’ is not relevant in the case of
A. United Nations Organization
B. Multilateral Financial Institution Consulate,
C. Embassy of foreign countries
D. GST dealers
(3) TAN refers to
A. Tax Deduction and Collection Account Number
B. Tax acknowledgement number
C. Tax accounting Number
D. Tax Assessment Number
(4) If the proper officer does not take any action within a period of three working days from the date of submission of the application for GST registration -
A. Fresh application shall be submitted
B. Implies Rejection of registration
C. Deemed registration
D. implies registration not required
(5) GSTIN refers to
A. GST Information Number
B. GST Information and Network
C. General sales tax identification number
D. GST identification number
(6) GST number does not include
A. PAN
B. State Code
C. Aadhaar Number
D. Alphabet Z
(7) A person getting registered online
A. gets simultaneous registration under CGST Act and SGST Act or UTGST Act.
B. gets CGST registration only
C. gets SGST registration only
D. does not get complete registration under GST
(8) The certificate of registration issued to a casual taxable person or a non-resident taxable person shall be valid for a period of
A. 30 days
B. 90 days
C. 6 months
D. one year
(9) As a result of any surve or search if the proper officer finds that a person liable to registration, he will be given
A. Deemed registration
B. Suo moto registration
C. Cancelled registration
D. suspected registration
(10) Collection of Tax at Source is relevant in the case of
A. Government departments
B. E-commerce operators
C. Any GST dealers
D. Contractors
(11) TCS rate under GST is
A. 5%
B. 2%
C. 3%
D. 1%
(12) E-commerce operators should submit return of TCS
A. Monthly
B. Every three months
C. Every year
D. Monthly and Annually
(13) Refund of GST is not applicable in the case of
A. Imports
B. Notified Multilateral Financial Institution
C. Embassy of foreign countries
D. Zero rated supplies
(14) A situation where the rate of tax on input is more than rate of tax on output is
A. Inverted duty structure
B. excess input tax credit
C. Compensation Cess
D. Refund
(15) GST paid for supplies exported from the country is
A. Refunded to the exporter
B. Refunded only if exported from SEZ
C. Not refunded
D. Refunded to the state from which export happens
(16) GST registration is mandatory if the aggregate turnover in a financial year exceeds
A. Rs. 20 lakh
B. Rs. 50 lakh
C. Rs. 75 lakh
D. Rs. 1 Crore
(17) In specified category states GST registration is mandatory if the aggregate turnover in a financial year exceeds
A. Rs. 1 Crore
B. Rs. 10 lakh
C. Rs. 20 Lakh
D. Rs. 75 lakh
(18) GST registration is not compulsory in the case of
A. Casual taxable persons making taxable supply
B. Persons under reverse-charge;
C. Non-resident making taxable supply
D. Person dealing in exempt goods alone
(19) GST registration is not compulsory in the case of
A. Input Service Distributor
B. Electronic commerce operator
C. Dealer in Exempt goods
D. Persons making any interstate taxable supply
(20) A person who is liable to be registered shall apply for registration within --- from the date on which he becomes liable to registration
A. 10 days
B. 15 days
C. 30 days
D. 90 days
(21) If a person liable to be registered has operation in more than one State, he should
A. Obtain registration in all states
B. obtain registration in any one state
C. registration is optional
D. Registration not mandatory
(22) IGST credit shall first be utilized towards payment of
A. CGST
B. SGST
C. IGST
D. UTGST
(23) The balance of IGST credit after set off IGST can be used towards the payment of
A. CGST
B. SGST
C. IGST
D. UTGST
(24) The balance of CGST credit after set off of CGST can be used towards the payment of
A. SGST
B. UTGST
C. either SGST or UTGST
D. IGST
(25) SGST or UTGST shall not be utilized towards payment of
A. CGST
B. IGST
C. SGST
D. UTGST
(26) Tax and other dues of a registered person is recorded in
A. Electronic credit ledger
B. Electronic Cash Ledger
C. Electronic Liability register
D. None of these
(27) The Electronic Liability Register of a person shall be credited by -
A. The amount payable towards tax
B. The amount of penalty or any other amount payable
C. Any amount of interest that may accrue from time to time
D. None of these
(28) Balance of Input credit of SGST after output tax liability of SGST can be utilized to set off
A. CGST
B. UTGST
C. IGST
D. None of these
(29) Every person who fails to pay tax shall be liable to pay interest not exceeding
A. 10%
B. 12%
C. 18%
D. 24%
(30) A taxable person who makes an undue or excess claim of input tax credit shall be liable to pay interest not exceeding
A. 10%
B. 12%
C. 18%
D. 24%
(31) TDS rate under GST is
A. 1%
B. 2%
C. 3%
D. 5%
(32) TDS provision applicable only when the total value of supply, under a contract, exceeds
A. Rs. 1,00,000
B. Rs. 1,50,000
C. Rs. 2,00,000
D. Rs. 2,50,000
(33) TDS is not allowed in the case of
A. A department or State Government
B. Local authority; or
C. Governmental agencies
D. E-commerce operators
(34) For the purpose of TDS, the value of supply shall be taken as the amount in the invoice
A. Excluding tax
B. Including tax
C. Before discount
D. None of these
(35) After making TDS if to deduct or fails to furnish the certificate within five days of crediting the amount so deducted to the Government, to deduct or shall pay a late fee of
A. Rs. 100 per day
B. Rs. 150 per day
C. Rs. 200 per day
D. Rs. 250 per day
(36) The duplicate copy of a tax invoice of goods belongs to
A. Recipient of supply
B. Transporter of supply
C. The supplier
D. GST department
(37) The triplicate copy of a tax invoice of goods belongs to
A. Recipient of supply
B. Transporter of supply
C. The supplier
D. GST department
(38) A bill of supply is issued in the case of
A. Taxable goods
B. Reverse charge
C. Exempt goods
D. Composite supply
(39) A Debit note is issued to the recipient of goods or services if
A. Taxable value is found to be excess
B. The goods are returned by the recipient;
C. Goods supplied are found to be deficient
D. Tax charged is found to be lesser
(40) Mr. P supplied goods of Rs. 1,00,000, to Mr. Q, who returned goods of Rs 10,000 due to inferior quality. Mr. P will later issue
A. Credit note
B. Debit note
C. Tax invoice
D. Delivery challan
(41) A credit note is issued to the recipient of goods in the following cases
A. When the taxable value of goods found to be less
B. Tax charged found to be less
C. When the recipient refuses to make payment
D. None of these
(42) Mr. X supplied goods to Mr. Y the cost was Rs. 1,00,000 but wrongly billed as Rs. 10,000. Mr. X will later issue
A. Debit note to Mr. Y
B. Credit note to Mr. Y
C. Tax invoice to Mr. Y
D. Delivery challan to Mr. Y
(43) In the case of supply of liquid gas where the quantity at the time of removal from the place of business of the supplier is not known
A. Delivery challan is not required
B. Tax invoice is not required
C. Debit note is required
D. credit note is required
(44) In the case of transportation of goods for job work,
A. Delivery challan is required
B. Tax invoice is required
C. Debit note is required
D. credit note is required
(45) The eligible input tax will be automatically credited to the
A. Electronic Credit Ledger
B. Electronic cash ledger
C. Electronic Liability register
D. None of these
(46) Every deposit made towards tax shall be credited to
A. Electronic credit ledger
B. Electronic Cash Ledger
C. Electronic Liability register
D. None of these
(47) The input tax credit as self-assessed in the return of a registered person shall be credited to his electronic
A. Cash Ledger
B Liability register
C. Credit Ledger
D. Debit ledger
(48) In the case of sale to an unregistered person, a registered person may not issue a tax invoice, if the value of supply is
A. Less than Rs. 100
B. Less than Rs. 200
C. Less than Rs. 500
D. Less than Rs. 1,000
(49) In the case of the taxable supply of services the invoice shall be issued within a period of
A. 15 days
B. 30 days
C. 45 days
D. 90 days
(50) The original copy of a tax invoice of goods belongs to
A. Recipient of supply
B. Transporter of supply
C. The supplier
D. GST department
(51) Protective assessment under section 64 is also called
A. Summary Assessment
B. Self assessment
C. Provisional assessment
D. Best judgement assessment
(52) Electronic Way Bill is compulsory to move goods of worth
A. Rs. 10,000 or more
B. Rs. 20,000 or more
C. Rs. 50,000 or more
D. Rs. 1,00,000 or more
(53) Which among the following is not related to e-way bill
A. RFID
B. IRN
C. FORM GST INS-01
D. GSTR -9
(54) validity of e-way bill is -
A. one day for each 100 k.ms
B. two days for each 100 k.ms
C. one day for each 200 k.ms
D. one day for each 500 k.ms
(55) Where a vehicle has been intercepted and detained for a period exceeding thirty minutes, the transporter may upload the said information on the common portal in
A. FORM GST INS - 0 4
B. FORM GST INS - 0 10
C. FORM GST INS - 0 9
D. FORM GST INS - 0 6
(56) Input tax credit is not available in the case of supplies to
A. SEZ
B. Exports
C. UN agencies
D. Composite dealers
(57) Input credit available without being liable for output tax in the case of
A. Exempt goods
B. Non-taxable goods
C. Zero rated goods
D. Demerit goods
(58) Compensation cases is levied on
A. Demerit goods
B. Luxury goods
C. Demerit goods and luxury goods
D. Essential goods
(59) Goods which are harmful but widely consumed are collective called
A. demerit goods
B. merit goods
C. inferior goods
D. white goods
(60) Sin tax refers to heavy tax on
A. Demerit goods
B. White goods
C. Food products
D. Medicines
(61) Tax on demerit goods is called
A. Double tax
B. Luxury tax
C. Sin tax
D Demerit tax
(62) GST council meeting is convened
A. every week
B. every month
C. every 3 months
D. any time as required
(63) After introduction of GST export from India is subject to --
A. IGST
B. CGST plus SGST
C. Zero rated
D. SGST plus CGST plus IGST
(64) Final return to form GSTR-10 should be submitted
A. within one year of registration
B. within 3 months of such cancellation of registration
C. within 3 months of outward supply
D. within one month of renewal of registration
(65) Government body or a United Nations Body, then a monthly Form GSTR-11 has to file
A. GSTR 11
B. GSTR8A
C. GSTR 9A
D. GSTR 5
(66) A registered person under GST can file quarterly return if the turnover is
A. 2 lakh or less
B. 75 lakh or less
C. One crore of less
D. 1.5 crore or less
(67) Adding or correcting the details of an outward supply in valid return to match the details of corresponding inward supply is called
A. Rectification of return
B reversal of return
C. reconciliation of return
D. acceptance of return
(68) Assessment under section 59 is
A. Best judgement assessment
B. Provisional assessment
C. Self assessment
D. Protective assessment
(69) voluntary estimation of tax obligations is called
A. Best judgement assessment
B. Provisional assessment
C. Self assessment
D. Protective assessment
(70) The proper officer shall pass an order, allowing payment of tax at such rate or on such value as may be specified by him. This is called
A. Best judgement assessment
B. Provisional assessment
C. Self assessment
D. Protective assessment
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