Top 150+ Solved Computation of Liability MCQ Questions Answer
Q. A service would be called as “continuous supply of service”, if the service under a contract isprovided continuously or on recurrent basis exceeding:
a. One year
b. 6 months
c. 3 months
d. 1 month
Q. Which law will govern the inter-state supply of goods or services?
a. CGST
b. SGST
c. UTGST
d. IGST
Q. Which of the following has been kept out of the GST Levy?
a. Generator
b. Computer
c. Jewellery
d. Electricity
Q. Threshold limit of turnover for levy of GST in the case of a person having business (supply ofgoods and services) in Gujarat is
a. 10 lakh
b. 20 lakhs
c. 30 lakhs
d. 40 lakhs
Q. Which of the following incomes/activities is liable for GST?
a. Salary
b. Salary and allowances of MPs
c. Services by Court
d. Sale of jewellery
Q. Which of the following represents composite supply?
a. Doctor’s service with medicines
b. Package with fruits and chocolates
c. Coaching centre with monthly excursions on trekking
d. Supply of computer printer and laptop
Q. Mr. Ram supplied goods to Mr. Laxman. The invoice is dated 30.7.201 Payment was received for the supply on 30.10.201 The goods were dispatched on 5.8.201 What is time of supply under GGST Act?
a. 5.8.2019
b. 30.7.2019
c. 30.10.2019
d. None of the-above
Q. Which of the following though shown in Bill will not be included in determining the value ofsupply for the purpose of GST?
a. Packing
b. Discount
c. Interest for late payment
d. Installation charges
Q. Madhan is located in Chennai. He has a branch office in Cochin. He wants to transfer goods. Histurnover was always below ` 10 lakhs. His registration under GST is
a. Voluntary
b. Compulsory
c. Compulsory only when turnover exceeds 20 lakhs
d. As and when deemed by the Revenue
Q. A taxable person whose registration has been cancelled or surrendered must file the final returnof GST within
a. 6 months of the cancellation
b. 6 months after the end of the financial year
c. 3 months after the end of the financial year
d. 3 months after the date of cancellation
Q. Refreshments were supplied on board in an aircraft proceeding from Chennai to Delhi. It had astop at Hyderabad. The refreshments were taken on board at Hyderabad. The place of supply is
a. Delhi
b. Chennai
c. Hyderabad
d. None of the above
Q. For the purpose of calculating the compensation payable to the States under the Goods andService Tax (Compensation to States) Act, 2017 the base year for reckoning the Revenue is :
a. 31.3.2014
b. 31.3.2015
c. 31.3.2016
d. 31.3.2017
Q. Which of the following GST model is adopted in India?
a. Australian model
b. Bagchi-Poddar model
c. Dual model
d. American model