Top 150+ Solved Indirect Tax MCQ Questions Answer
Q. Which one of the following shall not be treated as supply?
a. Rental
b. Lease
c. Actionable Claim
d. License
Q. Input means _________
a. Any goods of Excluding capital goods
b. Any goods including capital goods
c. Capital Goods only
d. Capital goods used for the furtherance of the business.
Q. “Exempt Supply “means supply of any goods or services or both which attracts _______________rate of tax.
a. Zero
b. Nil
c. Not mentioned in the act
d. One
Q. Input means any goods other than _________goods.
a. Capital
b. Consumables
c. Consumer
d. Intangible
Q. Works of contract in GST is ______________.
a. Supply of goods
b. Supply of Service
c. Supply of both
d. Neither supply of goods nor supply of services
Q. On which one of the following items, GST will be levied?
a. Aviation Fuel
b. Natural Gas
c. High Speed Diesel Oil
d. Liquefied Petroleum Gas
Q. Rate of Tax on platinum CGST and SGST together ______________________.
a. 2. 5%
b. 3%
c. 18%
d. 28%
Q. Time period within which invoice has to be issued in case of movable gods ____________
a. Before or at the time of removal of goods
b. On or rather delivery of good
c. After removal of goods
d. None
Q. Minimum rate of tax under consumption levy for restaurant services _______
a. 1%
b. 2%
c. 4%
d. 5%
Q. Mr. A is supplier opted composition scheme when he is required to file his return in respect of supply of October 2017 toDec 2017.
a. 10th January 2018
b. 15th January 2018
c. 18th January 2018
d. 20th January 2018