Practice Questions on GST for CS Executive Programme

EXECUTIVE PROGRAMME

PRACTICE QUESTIONS ON GST

• Compensation to states under GST(Compensation to States ) Act , 2017 is paid by  

1. Central Government from consolidated fund of India
2. Central Government from GST compensation fund of India
3. Central Government directly from the collection of compensation cess
4. GST Council under Constitution of India.

• While computing compensation to states, tax revenue of this tax/ these taxes is excluded

1. petroleum crude, diesel, petrol, ATF and natural gas
2. Alcohol for human consumption
3. entertainment tax collected by local authorities
4. All of the above

• Input tax credit on compensation cess paid under GST(Compensation to States ) Act , 2017

1. is not available
2. is available
3. is available but not fully
4. is available after one year

• Input tax credit under GST(Compensation to States ) Act , 2017 includes GST Compensation Cess charged on any supply of

1. goods and/or services,
2. Goods imported
3. GST Compensation Cess payable on reverse charge basis;
4. All of the above

• Maximum rate of CGST prescribed by  law for intrastate supply made is—-

1. 18%
2. 20%
3. 40%
4. 28%+cess

• Input tax credit on Compensation cess paid under GST (Compensation to States) Act, 2017 is available for payment of      

1. IGST only
2. IGST and CGST only
3. compensation under GST (Compensation to States) Act
4. None of the above

• IGST is payable when the supply is —

1. Interstate
2. Intra-state
3. Intra- UT
4. All of the above

• Zero rated supply includes supplies made-

1. By SEZ unit in India
2. to SEZ unit in India
3. Both (a & (b above
4. None of the above

• With the introduction of GST, imports will be—

1. more expensive
2. cheaper
3. neutral with no change
4. None of the above

• The first committee to design GST model was headed by

1. Vijay Kelkar
2. Asim Das Gupta
3. Chidambaram
4. None of the above

• First discussion paper (FDP) which formed the basis for GST in 2009 was released by

1. Union Finance Ministry
2. Manmohan Singh
3. GST Council
4. Empowered Committee

• Roll out of GST requires constitutional amendment because—

1. existing laws were cascading
2. the powers of levy were exclusive
3. there are separate laws for goods and services
4. All of the above

• Works contract under GST is goods used in work relating to-

1. Immovable property
2. Both movable and immovable property
3. Immovable property treated as supply of service
4. Immovable property treated as supply of goods

• IGST deals with

1. Composition scheme
2. Time of supply
3. Service tax on imported services
4. All of the above

• The turnover limit of Rs. 50 Lakh for composition scheme is not applicable to the state of

1. Himachal Pradesh
2. Assam
3. Uttarakhand
4. None of the above

• A supplier is liable to get registered under GST if his aggregate turnover in a financial year crosses Rs. 20 lakh in a state or UT other than special category states if he is-

1. an interstate supplier
2. an intra-state supplier
3. Electronic commerce operator
4. Person liable to pay GST under reverse charge

• Registration under GST is not compulsory to-

1. Casual taxable person
2. Input service distributor
3. Non-resident taxable person
4. None of the above

• One of the following states does not fall under special category given under Art. 279A of the Constitution

1. Himachal Pradesh
2. Uttarakhand
3. Chhattisgarh
4. Jammu & Kashmir

• Exemption from registration is available to

1. Central & State Govt. Departments
2. Agriculturists
3. a) & b) above
4. None of the above

• Address for delivery

1. Recipient address mentioned in the tax invoice
2. Recipient address mentioned in the delivery challan
3. Recipient address not necessary
4. Recipient address mentioned in the Gate pass

• When President assent was obtained for central GST

1. 18th April 2017
2. 22nd April 2017
3. 5th April 2017
4. 12th April 2017

• What is applicability of GST

1. Applicable all over India except Sikkim
2. Applicable all over India except Jammu and Kashmir
3. Applicable all over India
4. Applicable all over India except Nagaland

• Money means

1. Indian legal tender
2. Foreign currency
3. Cheque/promissory note
4. All the above

• non-taxable territory means

1. Outside taxable territory
2. Inside taxable territory
3. Inter-state taxable territory
4. None of the above

• Person includes

1. Individual
2. HUF
3. LLP
4. All the above

• Goods and Service Tax council referred in which section

1. 279A of the constitution
2. 276 of the constitution
3. 277 of the constitution
4. 279 of the constitution

• Weight age of vote for centre at GST council

1. 1/4th of total votes cast
2. 1/3rd of total votes cast
3. ½ of total votes cast
4. Only B

• Weightage of States ( combined together) at GST council

1. 2/3rd of total votes cast
2. 1/3rd of total votes cast
3. 1/4th of total votes cast
4. None of the above

• Who is chairperson of GST council

1. Finance secretary
2. State Finance Minister
3. Union Finance Minister
4. None of the above

• Taxable turnover of below 1.5 crore assessee under control of

1. Centre
2. State
3. Both a and b
4. Only c

• Powers to declare certain activities/transactions as neither supply of goods nor of services

1. Schedule I
2. Schedule III
3. Schedule II
4. Schedule IV

• When GST council constituted

15. 09.2016
16. 09.2016
17. 09.2016
18. 09.2016

• Address for delivery

1. Recipient address mentioned in the invoice
2. Recipient address mentioned in the delivery challan
3. Recipient address not necessary
4. Recipient address mentioned in the Gate pass

• Agriculturist

1. Individual or HUF
2. Individual and HUF
3. Partnership
4. All the above

• Associated enterprise mentioned

1. Income tax act 1961
2. Companies Act 2013
3. Central GST Act 2017
4. State GST Act 2017

• Appointed day

1. Date on which the provisions of this Act shall come into force
2. Date on which President assent
3. Date of which both houses passed the act
4. Date on which sent to Finance Ministry

• Deemed exports mentioned  in which section

1. Section 137
2. Section 147
3. Section 142
4. Section 145

• Quarter means

1. March
2. September
3. December
4. All the above

• Taxable levy in case of manufacture under composite scheme

1. Two percent
2. Three per cent
3. One per cent
4. Half per cent

• Whether person opted for composite scheme collect tax under GST

1. No
2. Yes
3. Only A
4. None of the above

• Participation of ITC value chain in composite scheme

1. With participation
2. Without participation
3. Either a or b
4. None of the above

• Taxes paid on

1. Transaction value
2. Manufacturing cost
3. Both A  and B
4. None of the above

• ITC available

1. In the course or Furtherance of business
2. Other than business exp
3. Only A
4. None of the above

• Input tax credit availability

1. On receipt of goods
2. On payment of taxes paid by supplier to Govt.
3. Taken to manufacturing site or availed services
4. None of the above

• Input tax on capital goods

1. In one installment
2. Partly five equal installments
3. Only A
4. Equally 10% every year

• Appellate Tribunal mentioned in  which section

1. Section 109
2. Section 105
3. Section 103
4. Section 119

• Authorised representative  referred  in which section

1. Section 110
2. Section 116
3. Section 119
4. Section 106

• Common portal referred in which section

1. Section 136
2. Section 146
3. Section 143
4. Section 149

• Debit note and credit note mentioned in which section

1. Section 36
2. Section 39
3. Section 34
4. None of the above

• Electronic cash ledger and Electronic  credit ledger mentioned in which section

1. Section 39
2. Section 42
3. Section 49
4. Section 47

• “invoice” or “tax invoice mentioned in which section

1. Section 27
2. Section 29
3. Section 31
4. Section 47

• Valid return mentioned in which section

1. Section 29
2. Section 39
3. Section 47
4. Section 49

• GST Registration

1. Aadhar based
2. Passport based
3. Pan based
4. None of the above

• A person is having multiple business requires  registration

1. Single
2. Each business separately
3. Either A or B
4. None of the above

• Deemed Registration

1. After four working days
2. After five working days
3. After three common working days
4. After seven working days

• Annual Return to be filed every year

1. 30th June
2. 30th September
3. 31st December
4. 31st October

• IGST tax levy  means

1. Within state
2. Between two states
3. Only A
4. None of the above

• IGST levy can be levied

1. Centre
2. State
3. Union Territory
4. Both a and b

Answers:

1 (b), 2 (d), 3 (b), 4 (d), 5 (b), 6 (c), 7 (a), 8 (b), 9 (a), 10 (b), 11 (d), 12 (d), 13 (c), 14 (c), 15 (c), 16 (b), 17 (d), 18 (c), 19 (b), 20 (a), 21 (d), 22 (c), 23 (d), 24 (a), 25 (d), 26 (a), 27 (b), 28 (a), 29 (c), 30 (c), 31 (b), 32 (c), 33 (a), 34 (a), 35 (a), 36 (a), 37 (b), 38 (d), 39 (c), 40 (c), 41 (b), 42 (a), 43 (a), 44 (b), 45 (c), 46 (a), 47 (b), 48 (b), 49 (c), 50 (c), 51 (c), 52 (b), 53 (c), 54 (b), 55 (c), 56 (c), 57 (b), 58 (a)

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