Top 150+ Solved Goods and Services Tax (GST) MCQ Questions Answer
Q. . Which of the following is not included in aggregate turnover?
a. Exempt supplies of goods or services or both
b. Export of goods or services or both
c. Inter-State supply of goods or services or both
d. Value of inward supplies on which tax is paid under reverse charge
Q. . The IGST Act,2017 extends to the
a. Whole of India except the state of Jammu & Kashmir
b. Whole of India
c. Whole of India except the state of Jammu & Kashmir & Pondicherry
d. None of the above
Q. . What is time of supply of goods, in case of forward charge?
a. Date of issue of invoice
b. Due date of issue of invoice
c. Date of receipt of consideration by the supplier
d. Earlier of (a) & (b)
Q. . What is time of supply of goods, in case of supplier opting for composition levy underSection 10 of the CGST Act, 2017?
a. Date of issue of invoice
b. Date of receipt of consideration by the supplier
c. Latter of (a) & (b)
d. Earlier of (a) & (b)
Q. . What is the time of supply of vouchers when the supply with respect to the voucher isidentifiable?
a. Date of issue of voucher
b. Date of redemption of voucher
c. Earlier of (a) & (b)
d. (a) & (b) whichever is later
Q. . What is the time of supply of vouchers when the supply with respect to the voucher is notidentifiable?
a. Date of issue of voucher
b. Date of redemption of voucher
c. Earlier of (a) & (b)
d. (a) & (b) whichever is later
Q. . What is the time of supply of service if the invoice is issued within 30 days from the dateof provision of service?
a. Date of issue of invoice
b. Date on which the supplier receives payment
c. Date of provision of service
d. Earlier of (a) & (b)
Q. . What is the time of supply of service where services are received from an associated enterprise located outside India?
a. Date of entry of services in the books of account of recipient of service
b. Date of payment
c. Earlier of (a) & (b)
d. Date of entry of services in the books of the supplier of service
Q. . Time of supply means
a. The point in time when GST is actually paid by the supplier of goods or services
b. The point in time when GST is actually paid after taking input credit by the supplier of goods or services
c. The point in time when goods have been deemed to be supplied or services have been deemed to be provided
d. The point in time when GST return is filed by the supplier of goods or services
Q. . What is the time of supply of services where the supplier is liable to pay tax underforward charge and the invoice is not issued within prescribed period under section 31(2)?
a. Date of issue of invoice
b. Date of completion of provision of services
c. Date of receipt of payment
d. Date of completion of provision of service or date of receipt of payment; whichever is earlier.
Q. . What is the time of supply of import of service?
a. Date of entry of services in the books of account of recipient of service
b. Date of payment
c. 61st day from the date of invoice
d. Earlier of (b) & (c)
Q. . Which of the following shall not be included in value of supply?
a. GST
b. Interest
c. Late fee
d. Commission
Q. . The value of supply should include:
a. Any non-GST taxes, duties, cesses, fees charged separately by supplier
b. Interest, late fee or penalty for delayed payment of any consideration for any supply
c. Subsidies directly linked to the price except subsidies provided by the Central and State Governments
d. All of the above
Q. . Value of supply under section 15(1) is:
a. Wholesale price
b. Market value
c. Maximum retail price
d. Transaction value
Q. . Which of the following forms part of transaction value?1) GST compensation cess2) Payments made to third parties by the recipient on behalf of the supplier in relation to the supply3) Entertainment tax levied by local authority4) Commission paid to an agent and recovered from the recipient5) Inspection charges at recipient’s site6) Charges for delay in payment waived off by supplierState the correct answer from the options given below
a. 1, 2, 3, 4 & 5
b. 2, 3, 4, 5 & 6
c. 2, 3, 4 & 5
d. All of the above