SATISH PRADHAN DNYANASADHANA COLLEGE

Department of BMS SAMPLE MCQ QUESTIONS Subject: Indirect Tax

A
Sr. N
No Question a b c d S
Tax
1 The incidence of tax is called cascading Tax Pyramiding Tax evasion Indirect tax d
Consuming Manufacturing All the Central
2 Introduction of GST affects the revenue of states states states Government c
Goods which get input tax credit without being liable to Exempt Zero rated
3 collect output tax is called goods White goods Sin goods goods d
Any goods other than capital goods used or intended to be Merit
4 used by a supplier in the course or furtherance of business is Input Output goods White goods a
If application for registration is ------, the registration shall Made
be effective from the date on which the person becomes Made within Not made within within 60 Not made within
5 liable for registration. 30 days 30 days days 30 days a
When turnover during a financial year exceeds---- the
accounts and other records must be audited by a chartered
6 accountant or a cost accountant 1 crore 2 crore 5 crore 10 crore b
7 The tax applicable to interstate supplies will be: SGST only CGST only IGST only CGST-IGST c
A person is liable to registered under GST law where
aggregate sale of good exceeds----- after 1.4.2019. in general Rs.15,00,00
8 category Rs.40,00,000 Rs.20,00,000 0 Rs.1,50,000 a
Consumpti
9 GST is applicable on------- of goods or services. Supply Manufacture on Production a
Checksum
10 The first 2 digit of GSTIN represent------ Entity code Country code State code character c
The definition of goods under the GST Act does not include-- Actionable money &
11 --- Grass Growings crops claims securities d
If the payment to the supplier of goods or services is not
made within----- from the date of issue of invoice, the input
12 tax credit on such goods or services cannot be availed. 6 months 180 days 45 days 30 days b
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 Rs. 10,000 or 50,000 or
13 Electronic Way Bill is compulsory to move goods of worth more 20,000 or more more 1,00,000 or more c
not supply not be liable for ask the appoint a person
goods and/or collecting and recipient to in the taxable
An e-commerce operator neither having physical presence services in paying taxes on pay taxes territory for the
in the taxable territory not a representative in the said that taxable supply in such on his purpose of
14 territory, shall----- territory. taxable territory. behalf. paying taxes. d
Every operator who collects the amount of tax has to furnish
15 the details of the same within----after the end of the month. 15 days 1 month 20 days 10 days d
In case an operator fails to furnish the information required
by the notice served to him U/s 52(2) within 15 days of date
16 of service, he will be liable to pay penalty of maximum----- Rs.5,000 Rs.10,000 Rs.25,000 Rs.20,000 c
In a case where passenger transportation service is Location of
provided to an unregistered person, place of supply will be-- Location of Location of the Location where
17 ---- recipient transporter destination journey starts b
18 TDS certificate is to be issued by deductor in form----- GSTR1A GSTR2A GSTR7B GSTR7A d
Every registered person required to deduct tax at source
19 shall furnish a return in Form------- GSTR-1 GSTR-5 GSTR-9 GSTR-7 d
An operator can rectify any omission or incorrect
particulars in furnishing the statement U/s 52(4) subject to
20 payment of----- Taxes Interest Penalty Late fee c
Every electronic commerce operator required to collect tax
21 at source has to furnish a statement in form------ GSTR-1 GSTR-5 GSTR-7 GSTR-8 c
tobacco
and alcohol for
Central & excise duty shall be levied in addition to GST on --- petroleum tobacco human
22 --- products Alcohol products products consumption b
Consuming Manufacturing All the Central
23 Introduction of GST affects the revenue of states states states Government c
Location of
establishm Location of
Location of ent most usual place of
Where supply is received at place other than place of place of Location of fixed directly residence of
24 business, location of recipient of services is---- business establishment concerned recipient. c

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 M/s. ABC of Gujarat supplies goods to M/s. XYZ of Delhi, this Intra state Inter state
25 will classify as supply Export supply supply Deemed supply c
26 Indirect Tax is a------ Regressive Progressive tax Tax on tax Value added tax. d
Manufacture
27 GST is charged on----- of goods or services or provision Consumption Supply Demand c
Supply of services Imported into the territory if India are Inter state Exempt International
28 treated as------ supply Intra state supply supplies supplies a
Ms. Pooja supplied services to Ms. Smita on [Link]
raised an invoice on 20-6-2018 and recived the amount on
10-7-2018. The tax rate for these services was changed from
15% to 28% on 1-7-2018. The time of supply will be------ 20-6- 20-6-
29 and tax rate levied will be----- 2018,28% 10-7-2018,28% 2018,15% 10-7-2018,15% b
In example (8) above, if invoice is raised on 10-7-2018 and
amount is received on 20-6-2018 everything else being
same, time of supply will be ------ and tax rate levied will be-- 20-6- 20-6-
30 ---. 2018,28% 10-7-2018,15% 2018,15% 10-7-2018,28% b
SGST plus
Where the location of the supplier and the place of supply IGST is CGST is CGST plus IGST
31 are in two different States- applicable CGST is applicable applicable is applicable a
CGST plus SGST plus
Where location of the supplier and place of supply are in a UTGST is CGST plus IGST is UTGST is IGST is
32 State and a Union territory applicable applicable applicable applicable d
State in
which
exported
goods
The location The location of reaches Place of supply
33 Place of supply of goods exported from India shall be outside India the exporter first not applicable. a
The location
where Place of office of
connection is the services Place of Place of supply
34 The place of supply of telecommunication services shall be installed provider payment not relevant a
Gifts not exceeding----- in a year by an employer to
35 employee shall not be treated as supply. Rs. 5,000 Rs. 10,000 Rs. 50,000 Rs. 1,00,000 c

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 Sold from one GST There is
Sold in union dealer to another Sold within interstate
36 Integrated Goods and services Tax is applicable when- territory GST dealer a State supply d
Dealers whose annual turnover between Rs.1.5 crore and Two-digit Four digit HSN Four digit Eight digit HSN
37 Rs. 5 crore need to use HSN code Codes HSN Codes codes b
Rs. 1.5
38 Composite tax is applicable for dealer with turnover upto Rs. 1 crore Rs. 20 lakh crore Rs. 10 crore c
Supply of goods provided, or agreed to be provided, Common Continuous
39 continuously or on recurrent basis, under a contract, is Mixed supply Composite supply supply supply d
40 The maximum limit of IGST rate fixed in the Act is 18% 28% 40% 100% c
Supply of two or more taxable supplies naturally bundled Common Continuous
41 and supplied is called Mixed supply Composite supply supply supply b
All the states
All the Union The whole except Jammu
42 Integrated Goods and Services Tax Act is applicable to All the States territories of India and Kashmir c
CGST plus SGST plus
Where location of the supplier and the place of supply are in UTGST is UTGST is CGST plus IGST
43 two different Union territories applicable IGST is applicable applicable is applicable b
The managers of ITC Ltd., Kolkata (not registered under
GST) are given one week trainning in Munnar, by Infosys
Ltd. Bangalore, for a sum of Rs. 10 Lakhs. Payment given at
44 [Link] place of supply of service is Mumbai Kolkata Munnar Bangalore a
Section 8 of
Section 9 of Section 10 CGST the IGST Section 2 of the
45 The Central Goods and Services Tax is levied under the CGST Act Act Act SGST ACT a
Aadhaar
46 GST number does not include PAN State Code Number Alphabet Z c
47 GSTR-2A is autogenerated from GSTR 3 GSTR 2 GSTR 2A GSTR1 d
Composition Ecommerce Input Service
48 GSTR-6A is meant for GST dealers scheme taxpayers operators Distributor d
Best
The proper officer may assess the tax liability on the basis of judgement Provisional Self Protective
49 available information, evidences which is called assessment assessment assessment assessment a
every 3 any time as
50 GST council meeting is convened every week every month months required c
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