GST- Goods and Services Tax MCQ
(Multiple Choice Questions)
1. GST was introduced in India with effect from?
a) 1.5.2017
b) 1.4.2017
c) 1.7.2017
d) 1.6.2017
2. Constitution Amendment Act, 2016 for GST was ?
a) 80th
b) 122nd
c) 101st
d) None of these
3. GST was introduced in Jammu and Kashmir with effect from ?
a) 8.7.2017
b) 1.4.2017
c) 1.8.2017
d) 1.2.2017
4. The incidence of tax on tax is called…….
a) Tax Planning
b) Tax evasion
c) Indiret tax
d) Tax Cascading
5. As a result of constitution amendment for GST a Separate List — has been inserted in the
constitution.
a) Article 346B
b) Article 246A
c) Article 142 C
d) Article 141B
6. UTGST is applicable when………
a) Goods are purchased by Central Government
b) Sold from one union territory to another union territory
c) There is interstate supply
d) Sold from Union territory
7. Under GST, ‘value addition’ refers to which of the following ?
a) Expenses ‘plus’ profit
b) Cost plus tax
c) Cost plus tax plus‘profit
d) Tax plus profit
8. SGST is applicable when……..
a) Goods are sold within a state
b) Goods are sold from one state to another state
c) Goods are sold by a GST dealer to another GST dealer
d) Interstate supply
9. Integrated Goods and Services Tax is applicable when……..
a) Sold in Union territory
b) Sold from one GST dealer to another GST dealer
c) Sold within a state
d) There is interstate supply
10. Inter-state trade is presently subject to which GST ?
a) SGST
b) CGST
c) Integrated GST
d) UTGST
11. The tax which was not merged into GST is called……..
a) Counterveiling Duty
b) Excise duty
c) Basic Customs Duty
d) Purchase tax
12. Goods and service tax is a ……… tax system
a) Single point tax
b) Multipoint tax
c) Regressive tax
d) None of these
13. After introduction of GST supplies to SEZ (Special Economic Zone) unit are
a) Subject to IGST
b) Subject to CGST plus SGST
c) Zero rated
d) SGST plus CGST plus IGST
14. GST dealers with annual turnover of how much amount are not required to use HSN code
a) Less than Rs. 1.5 crore
b) less than Rs. 2.5 lakh
c) less than Rs. 0.5 crore
d) less than Rs. 75 lakh
15. Goods and service tax is bases on…….
a) Supply based
b) Consumption based
c) Both supply and consumption based
d) None of these
16. Dealers whose annual turnover between Rs. 1.5 crore and Rs. 5 crore need to use
a) Two-digit HSN code
b) Four digit HSN Codes
c) Four digit HSN Codes
d) Eight digit HSN codes
17. After introduction of GST import into India is……..
a) Subject to IGST plus BCD
b) Subject to CGST plus SGST plus BCD
c) Zero rated
d) SGST plus CGST plus IGST plus BCD
18. GST is a matter of jurisdiction of which government?
a) Union Government
b) State Government
c) Both centre and state government
d) None of these
19. Introduction of GST affects the revenue of which of the following ?
a) Consuming states
b) Manufacturing states
c) All the states
d) Central Government
20. The council can take a decision only if there is…….
a) Three- fourth majority
b) Two third Majority
c) 60% majority
d) Simple majority
21. Under GST law Compensation cess is applicable on………
a) Luxury articles and demerit goods
b) All goods
c) Petroleum products and Alcohol
d) Consumer goods
22. In the case of import or export of goods, using which HSN Code is compulsory
a) Two-digit HSN code
b) Four digit HSN Code
c) Four digit HSN Code
d) Eight digit HSN code
23. Under GST law SAC refers to which of the following ?
a) Systematic Accounting Code
b) Service Accounting Code
c) System administration code
d) Scientific accounting code
24. A person who occasionally undertakes transactions involving supply of goods or services or
both in the course or furtherance of business is
a) Business person
b) Casual taxable person
c) composite dealer
d) Non resident dealer
25. “Aggregate turnover” of a dealer is ………Under GST law
a) Includes taxes paid
b) Excludes taxes paid
c) Includes exempt supplies
d) Turnover plus taxs plus profit
26. Base metals, gold, silver, articles of jewellery are taxable in India at the rate of
a) 0.25%
b) 1%
c) 3%
d) 5%
27. The highest GST rate applicable now is How much amount ?
a) 100%
b) 18%
c) 28%
d) 50%
28. Goods which get input tax credit without being liable to collect output tax is called
a) Exempt goods
b) White goods
c) Sin goods
d) Zero rated goods
29. Tax Collected at Source at the rate of 2% is applicable in the case of……
a) Any GST dealer
b) Government Departments
c) E-commerce operators
d) Composite dealers
30. Composite tax is applicable for dealer with turnover upto ……
a) Rs. 1 Crore
b) Rs. 20 lakh
c) Rs. 1.5 Crore
d) Rs. 10 Crore
31. Dealers with annual turnover of Rs. 5 crore and above must use which HSN Code for their invoices.
a) Two-digit HSN code
b) Four digit HSN Codes
c) Four digit HSN Codes
d) Eight digit HSN codes
32. Tax Deducted at Source at the rate of 1% is applicable in the case of supplies received by
a) Any GST dealer
b) Government Departments
c) Ecommerce operators
d) Composite dealers
33. GST can be collected by……
a) Any registered dealer
b) Any GST dealer
c) Any service provider
d) Any dealer
34. — confers powers to Government of India to collect tax on intra-state supply of goods or
services or both.
a) UTGST Act
b) IGST Act
c) CGST Act
d) SGST Act
35. The lowest tax rate under GST is How much ?
a) 0.25%
b) 1%
c) .05%
d) 5%
36. “Aggregate turnover” of a dealer is determined …….. Under GST law.
a) State-wise
b) All India basis
c) shop-wise
d) None of these
37. Under GST law “Agriculturist” means……
a) Individual or Hindu Undivided Family only
b) Individual only
c) Any entity engaged in agricultural operations
d) Any one who sells agricultural produces
38. Business vertical refers to…….
a) Joint venture
b) Different busineses within a group
c) Competitors in business
d) None of these
39. Goods which are used or intended to be used in the course or furtherance of business are
a) Demerit goods
b) Business goods
c) Capital goods
d) None of these
40. Under GST law, tax rates are determined by …….
a) Central Government
b) State Government
c) GST Council
d) Central Government in consultation with state governments
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