Top 350+ Solved Indirect Taxes- GST MCQ Questions Answer
Q. The supply of goods after the completion of the Job work from the registered place of businessplace of a Job worker
a. The Principal who despatched the goods for Job work
b. The Job worker
c. Either of the party
d. Deemed supply of the Job worker
Q. Where a business carried on by a taxable person registered under this Act is transferred toanother person as a going concern,
a. Transferror’s registration shall be taken as transferee’s registration
b. The transferee shall be liable to be registered w.e.f. the date of transfer
c. Both transferor and transferee are required to obtain fresh registration
d. None of the above
Q. Shall a dealer making the exclusive supply of Liquor or Petrol, Diesel and Crude Oil have to takeregistration under the GST Act?
a. Ye
b. No
c. Optional
d. Either (a) or (c)
Q. Who is called a Deemed supplier of Services?
a. Input Service Distributor
b. Job Worker
c. Agent
d. Subsidiary Company
Q. Threshold limit of registration is applicable to the following persons
a. Input Service Distributor, whether or not separately registered under this Act
b. Non-resident taxable persons making taxable supply
c. Every Electronic Commerce Operator
d. None of the above
Q. Which of the following statements are correct?
a. Voluntary registration is not possible under GST
b. Voluntary registered person not liable to comply with all the provisions of the GST
c. A person may get himself registered voluntary and shall comply with all the provisions of the Act
d. None of the above
Q. Which of these registers/ledgers are maintained online?
a. Tax liability register
b. Credit ledger
c. Cash ledger
d. All of them
Q. Payment made through challan will be credited to which registers/ledgers?
a. Electronic Tax liability register
b. Electronic Credit ledger
c. Electronic Cash ledger
d. All of them
Q. What is deemed to be the date of deposit in the electronic cash ledger?
a. Date on which amount gets debited in the account of the taxable person
b. Date on which payment is initiated and approved by the taxable person
c. Date of credit to the account of the appropriate Government
d. Earliest of the above three dates
Q. What gets debited to the electronic credit ledger?
a. Matched input tax credit
b. Provisionally input tax credit
c. Unmatched input tax credit
d. All of them
Q. Balance in electronic credit ledger can be utilized against which liability?
a. Output tax payable
b. Interest
c. Penalty
d. All of them
Q. Balance in electronic credit ledger under IGST can be used against which liability?
a. IGST Liability only
b. IGST and CGST liability
c. IGST, CGST and SGST liability
d. None of them
Q. Balance in electronic credit ledger under CGST can be used against which liability?
a. CGST Liability only
b. CGST and IGST liability
c. CGST, IGST and SGST liability
d. None of them
Q. Balance in electronic credit ledger under SGST can be used against which liability?
a. SGST Liability only
b. SGST and IGST liability
c. SGST, IGST and CGST liability
d. None of them
Q. What should the taxable person do if he pay’s the wrong tax i.e. IGST instead of CGST/SGST orvice versa?
a. Remit tax again and claim refund
b. It will be auto-adjusted
c. It will be adjusted on application/request
d. None of the above