Top 350+ Solved Indirect Taxes- GST MCQ Questions Answer
Q. Madhan is located in Chennai. He has a branch office in Cochin. He wants to transfer goods. Histurnover was always below ` 10 lakhs. His registration under GST is
a. Voluntary
b. Compulsory
c. Compulsory only when turnover exceeds 20 lakhs
d. As and when deemed by the Revenue
Q. A taxable person whose registration has been cancelled or surrendered must file the final returnof GST within
a. 6 months of the cancellation
b. 6 months after the end of the financial year
c. 3 months after the end of the financial year
d. 3 months after the date of cancellation
Q. Refreshments were supplied on board in an aircraft proceeding from Chennai to Delhi. It had astop at Hyderabad. The refreshments were taken on board at Hyderabad. The place of supply is
a. Delhi
b. Chennai
c. Hyderabad
d. None of the above
Q. For the purpose of calculating the compensation payable to the States under the Goods andService Tax (Compensation to States) Act, 2017 the base year for reckoning the Revenue is :
a. 31.3.2014
b. 31.3.2015
c. 31.3.2016
d. 31.3.2017
Q. Which of the following GST model is adopted in India?
a. Australian model
b. Bagchi-Poddar model
c. Dual model
d. American model
Q. For the purpose of deciding “aggregate turnover” in order to determine the GST payable undercomposition scheme, which of the following is to be excluded?
a. Exemption supply
b. Export of goods
c. Inter-state branch transfer
d. CGST
Q. Export of service does not include:
a. the supplier of service located outside India
b. the recipient of service located outside India
c. the place of supply of service is outside India
d. the supplier of service is located in India
Q. GST Council comprises of various persons from Union and States and is being headed by aChair Person who is
a. Finance Secretary to Government of India
b. Union Finance Minister
c. Any State Finance Minister
d. Union Revenue Minister
Q. Construction of a complex, building, civil structure or the part thereof including a complex or building intended for sale to a buyer, wholly or partly except where the entire consideration has been received after issuance of completion certificate, where required, by a competent authority or after its first occupation, whichever is earlier for the purpose of taxability under the CGST Act, 2017 shall be treated as supply of:
a. Good
b. Both goods and services
c. Services
d. Contract work
Q. The following categories of registered persons are not being eligible for the Composition Scheme under the CGST Act, 2017: (i) Supplier of the Restaurant Services (ii) Manufacturer of notified goods (iii) Non-resident taxable persons (iv)Casual taxable person
a. (iii) and (iv)
b. (ii), (iii) and (iv)
c. (ii) and (iv)
d. (i), (iii) and (iv)
Q. Section 2(62) of the CGST Act, 2017 specifies input tax in relation to a registered person to mean Central Tax, State Tax, Integrated Tax or Union Territory Tax charged on any supply of goods or services or both and also include: (i) Integrated goods and services, tax charged on import of goods (ii) Tax under the provisions of section 9(3) and 9(4) (iii) Tax paid under composition levy (iv)Tax under Union Territory Goods and Services Tax Act
a. All the above four
b. (i), (ii) and (iv)
c. (i) and (ii)
d. (ii), (iii) and (iv)
Q. Mr. Pankaj of Delhi supplied goods to Mr. Krishna of Delhi for ` 1 lakh, on which total GST was charged @ 12%. Mr. Krishna, after purchase of goods, added 20% margin of profit (on cost) and sold the entire goods to Mr. Ravi of Delhi. The total amount of tax payable after claiming input tax on such transaction by Mr. Krishna is:
a. 12,000
b. 14,400
c. 2,400
d. None of the above
Q. Raj & Co., applied for voluntary registration under CGST Act, 2017 on 5th July, 2019 and the registration was granted on 15th July, 2019. Raj & Co., was having the stock available against the invoices for a period of 3 months old. Raj & Co., shall be eligible for input tax credit on such stock as held as on:
a. 30th June, 2019
b. 05th July, 2019
c. 15th July, 2019
d. 14th July, 2019