Top 150+ Solved Indirect Tax MCQ Questions Answer
Q. Goods and service tax is --
a. supply based
b. consumption based
c. both supply and consumption based
d. transaction based
Q. SGST is applicable when
a. goods are sold within a state
b. goods are sold from one gst dealer to a customer
c. goods are sold by a gst dealer to another gst dealer
d. interstate supply
Q. GST can be collected by
a. any registered dealer
b. any gst dealer
c. any service provider
d. any dealer
Q. The chair of GST Council
a. nominated by the govt
b. nominated by the gst council
c. union finance minister
d. elected by the gst council
Q. Where the location of the supplier and the place of supply are in two different States –
a. igst is applicable
b. cgst is applicable
c. sgst plus cgst is applicable
d. cgst plus igst is applicable
Q. One tooth paste and tooth brush and a toilet soap sold in a packet for Rs. 50, is
a. mixed supply
b. composite supply
c. joint supply
d. not supply
Q. The notified limit for payment of composition levy is -
a. rs. 1 crore
b. rs. 20lakh
c. rs. 50 lakh
d. rs. 2 crore
Q. A Composite taxpayer is required to file summarised details of transactions
a. annually
b. half yearly
c. quarterly
d. monthly
Q. Introduction of GST affects the revenue of
a. consuming states
b. manufacturing states
c. all the states
d. central government
Q. Goods which get input tax credit without being liable to collect output tax is called
a. exempt goods
b. white goods
c. sin goods
d. zero rated goods
Q. Any goods other than capital goods used or intended to be used by a supplier in the course or furtherance of business is
a. input
b. output
c. merit goods
d. white goods
Q. If application for registration is ------, the registration shall be effective from the date on which the person becomes liable for registration.
a. made within 30 days
b. not made within 30 days
c. made within 60 days
d. not made within 30 days