Top 150+ Solved Computation of Liability MCQ Questions Answer
Q. Where the application of registration is found to be deficient for any reason and the ProperOfficer requires any further information then he shall intimate to the applicant in form
a. GST REG-01
b. GST REG-02
c. GST REG-03
d. GST REG-04
Q. Aminpur Post Office provided basic mail services of ` 2,50,000 and speed post services of ` 3,00,000. The value of taxable services will be
a. 2,50,000
b. 3,00,000
c. 5,50,000
d. None of the above
Q. An individual acts as a referee in a football match organised by Sports Authority of India. Which one of the following is correct ?
a. The individual is liable to pay GST
b. Sports Authority of India is liable to pay GST
c. Exempted from GST
d. Outside the scope of supply
Q. Goods under CGST Act excludes
a. Securities
b. Unsecured debts
c. Right to participate in the draw to be held in a lottery
d. Growing crops
Q. A famous actress went to London and availed cosmetic or plastic surgery for her nose. WhetherGST is liable to be paid ?
a. Ye
b. No
c. No supply at all
d. None of the above
Q. In relation to a registered person, input tax means the Central tax, State tax, Integrated tax orUnion Territory tax charged on any supply of goods or services or both made to him and includes
a. The integrated goods and services tax charged on import of goods
b. The tax payable under Reverse Charge Mechanism as per SGST Act
c. The tax payable under Reverse Charge Mechanism as per UTGST Act
d. The tax payable under the composition levy
Q. A supply made by a taxable person to a recipient of goods being buyer consisting of two or more taxable supplies of goods or services or of both or any combination thereof which are only bundled and supplied in conjunction with each other in the ordinarily course of business out of which one is a principal supply has been defined u/s 2(3) of CGST Act, 2017 as
a. Composite supply
b. Mixed supply
c. Higher rate tax supply
d. Bundled supply
Q. The payment of tax by electronic operator who does not have physical presence in taxableterritory in India be made by
a. e-commerce operator himself
b. his appointed representative in India
c. the person who receives supply
d. either (a) and (b)
Q. The time of supply "where goods or services or both have been supplied in a situation where the invoice issued before the change in the rate of tax but payment received after the change in rate of tax" as per section 14 of the CGST Act, 2017 shall be
a. Date of issue of invoice
b. Date of receipt of payment or the date of issue of invoice whichever is earlier
c. Date of receipt of payment
d. None of the above
Q. Which of the following called the Union territory as being covered under Union Territory Goodsand Service Tax Act, (UTGST), 2017 ?
a. Sikkim
b. Puducherry
c. Daman and Diu
d. None of the above
Q. Subsidy given by the Central Government or a State Government while determining value of taxable supply under Goods and Services Tax (GST) as per section 15 of the CGST Act, 2017
a. included in the transaction value i.e. (value of taxable supply)
b. just ignored no treatment
c. shall not be included in transaction value i.e. (value of taxable supply)
d. deducted from the transaction value i.e. (value of taxable supply)
Q. Patel of Surat, Gujarat supplied good to Patil of Mumbai, Maharashtra for ` 1,20,000 (excluding GST) but after adding 30% profit margin (on cost). Patil is also a taxable person. IGST rate is 18%. The amount of input tax credit that can be availed and the maximum time limit for availing such input tax credit by Patil of Mumbai, Maharashtra as per CGST Act, 2017 is
a. 28,080 and within 6 months from the date of issue of tax invoice
b. 7,020 and within next quarter from the date of issue of tax invoice
c. 21,600 and within 1 year from the date of issue of tax invoice
d. None of the above
Q. Find out the following, who are the persons not liable for registration under the CGST Act, 2017.
a. Non-resident making taxable supply
b. Person supplying exempted goods and services or goods or services which are not liable for tax under GST
c. An agriculturist, to the extent of supply of produce out of cultivation of land
d. Both (b) and (c)
Q. Who is authorised under Integrated Goods and Service Tax (IGST) Act, to levy tax ?
a. State
b. Centre
c. Union Territory
d. Both (a) and (b)
Q. The available balance of input tax credit in the electronic ledger of the registered person onaccount of Union territory tax shall be utilised as per section 9 of UTGST Act, 2017
a. first towards payment of central tax
b. first towards payment of integrated tax
c. first towards payment of union territory tax and the amount remaining, if any towards payment of integrated tax
d. none of the above