Top 350+ Solved Indirect Taxes- GST MCQ Questions Answer
Q. A supply made by a taxable person to a recipient consisting of two or more taxable supply of goods or services of both or any combination thereof which are only bundled and supplied in conjunction with each other in the ordinarily course of business out of which one is a principal supply has been defined u/s 2(3) of CGST Act, 2017 to mean
a. Mixed supply
b. Composite supply
c. Bundled supply
d. Both (A) and (B)
Q. Tax on inter-State supplies, import into India, supplies made outside India and supplies made inSEZ shall be charged to
a. CGST and SGST
b. CGST and UTGST
c. CGST and IGST
d. IGST
Q. Provision for levy and collection of tax on intra-State supply of goods or services or both by the Union Territory and for matters connected therewith or incidental thereto are being enumerated in
a. CGST Act, 2017
b. IGST Act, 2017
c. UTGST Act, 2017
d. None of the above
Q. The highest enabling limit of tax rate of IGST has been prescribed at
a. 20%
b. 14%
c. 28%
d. None of the above
Q. GST in India is levied on the basis of
a. Consumption principle
b. Set-off against that payable principle
c. Destination base principle
d. Both consumption and destination base principle
Q. The tax under GST legislation in India is being levied:
a. Exclusively by Union and State Law
b. Simultaneously by Union and State Laws
c. Only by Union Laws
d. Only by State Laws
Q. The Chairperson of GST Council is
a. Prime Minister of India
b. Finance Minister of India
c. Minister of State for Finance
d. None of the above
Q. Under GST law the phrase 'Goods' does not include
a. Actionable claim
b. Growing crops on the land agreed to be severed before supply
c. Money and Securities
d. None of the above
Q. The scope of supply of goods or services or both includes
a. Sale
b. Exchange
c. Lease
d. All of the above
Q. Sasta Bazar offers a free bucket with detergent purchased. It is a
a. Composite supply
b. Mixed supply
c. Principal supply
d. None of the above
Q. Which of the following is not a feature of indirect taxes ?
a. Regressive nature
b. Supply based taxes
c. Rate of taxes are different from person to person
d. No previous year and assessment year concept