Top 150+ Solved Indirect Tax MCQ Questions Answer
Q. GST is levied on supply of all goods or services or both except supply of _______________
a. Sin goods
b. Cigarettes
c. Alcoholic liquor for human consumption
d. Pan Masala
Q. On _________, the constitution (122nd Amendment) bill, 2014 was passed by Rajya Sabah with certain amendments.
a. July 30,2016
b. August 3, 2016
c. August 16, 2016
d. August 1 ,2016
Q. GST has been made applicable by ________ number of countries across the globe.
a. 150
b. 125
c. 140
d. 141
Q. The constitution Amendment Bill was adopted on _____________ by majority of state Legislatures wherein approval of atleast 50% of the state assemblies was required________.
a. August, 2016
b. September, 2016
c. October, 2016
d. December, 2016
Q. Supply include which of the following___________.
a. Service
b. Goods
c. Goods & Services
d. Goods and or Services
Q. What is IGST __________.
a. Integrated Goods and Service Tax
b. Indian Goods and Service Tax
c. Initial Goods & Service Tax
d. International Goods & Service Tax.
Q. India ____________.
a. Trust
b. Territorial Water up to 200 national miles
c. Recipient
d. Consideration.
Q. Money ___________.
a. Not subject to GST
b. Money Order
c. Profit Motive irrelevant
d. Exchange of goods against goods
Q. Amazon ____________.
a. Electronic Commerce Operator
b. Exchange of goods against goods
c. Trust
d. Profit Motive Irrelevant
Q. Person _____________.
a. Territorial Water up to 200 national miles
b. Money order
c. TRUST
d. Recipient
Q. Admission in exhibition on Donor card ___________.
a. Electronic Commerce Operator
b. Profit Motive Irrelevant
c. Consideration
d. Not subject to GST
Q. Business ___________
a. Profit Motive Irrelevant
b. Exchange of goods against goods
c. Not subject to GST
d. Trust
Q. Sovereign activities _______________-
a. Money order
b. Electronic Operator
c. Not Suitable to GST
d. Consideration
Q. Barter ____________
a. Exchange of goods against goods
b. Profit Motive
c. Trust
d. Electronic Commerce Operator