Top 150+ Solved Goods and Services Tax (GST) MCQ Questions Answer
Q. When a Credit note should be issued?
a. When a registered dealer issued a tax invoice for supply of goods or services and in such invoice the amount of tax charged and taxable value is more than the taxable value and tax payable,
b. Never
c. at the end of the month
d. none of the above
Q. which statement is correct in terms of accounts and records
a. Everyregistered person shall
b. Every registered person, other than a
c. all of the above
d. none of the above
Q. Who can claim ITC?
a. The dealer should be in possession of tax invoice
b. The said goods/services have been received
c. No ITC will be allowed if depreciation has
d. all of the above
Q. Define "Time of supply".
a. Time of supply means the point in time when goods/services are considered supplied’. When the seller knows
b. Any amount that the supplier is liable to pay which has been incurred by the recipient and is not
c. not defined
d. not the term of gst
Q. What is Exempt Supply?
a. Supplies taxable at a ‘NIL’ rate of tax* (0% tax);
b. Supplies that are wholly or partially exempted from CGST or IGST, by way of a notification
c. Non-taxable supplies as defined under Section 2(78)– supplies that are not taxable under
d. all of the above
Q. GST is a consumption of goods and services tax based
a. Development
b. Destiny
c. Duration
d. Destination
Q. Every registered person is required to issue a tax invoice
a. Description of goods
b. Quantity of goods
c. Value of goods
d. ALL OF THE
Q. ITC on goods sent for job work, in which of the following case?
a. The principal manufacturer will be allowed to take credit
b. The principal manufacturer will be allowed to take
c. all of the above
d. none of the above
Q. Central or the State Governments are empowered to grant exemptions from
a. Exemption should be in public interest
b. Exemption by way of special order (not notification) may be
c. A&B
d. Never
Q. the rate of GST as applicable on goods and services are
a. 0%, 5%, 12%, 16%,28%
b. 0%, 5%, 12%, 18%,28%
c. 0%, 5%, 12%,16%, 18%
d. 0%, 15%,12%, 16%,
Q. What are the proposed
a. overall reduction in
b. decrease in \black\
c. all of the above
d. none of the
Q. Goods can be sent to job worker:
a. From principal’s place of business
b. Directly from the place of supply of
c. all of the above
d. none of the above
Q. How to calculate the GST payment to be made?
a. Usually, the Input Tax Credit should be reduced from Outward Tax Liability to
b. TDS/TCS will be reduced from the total GST to arrive at the net payable
c. Also, ITC cannot be claimed on interest and late fees. Both Interest
d. all of the above