Top 350+ Solved Indirect Taxes- GST MCQ Questions Answer
Q. ITC can be taken on goods if goods not received by registered person but
a. By his agent on his direction
b. By the job worker on his instruction
c. By any other person on his direction
d. Any of above
Q. ITC can be availed on
a. Possession of prescribed invoice/ debit note
b. Receipt of goods/services
c. Tax on such supply has been paid to government and return being furnished by the supplier
d. Fulfilling all the above conditions
Q. Maximum time limit for availing ITC is
a. The date of filing of annual return
b. Due date of filing return u/s 39 for the month of September
c. Earliest of above two
d. Later of above two
Q. ITC can be claimed by a registered person for
a. Taxable supplies for business purpose
b. Taxable supplies for non-business purpose
c. Exempted supplies
d. Non-taxable supplies
Q. How the aggregate turnover of ` 20 lakh is calculated ?
a. Aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, export of goods/services and interstate supplies of a person having same PAN computed on all India basis.
b. Aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, export of goods/services and interstate supplies of a person computed for each state separately.
c. Aggregate value of all taxable intrastate supplies, export of goods/services and exempt supplies of a person having same PAN computed for each state separately.
d. Aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, export of goods/services and interstate supplies of a person having same PAN computed on all India basis and excluding taxes if any charged under CGST Act, SGST Act and IGST Act.
Q. Whether all persons are mandatorily required to obtain registration?
a. Yes
b. Not required if he is an agriculturist or person exclusively engaged in supplying exempt goods or services, if specified threshold limit does not exceed in a financial year.
c. Not required if he is an agriculturist or person exclusively engaged in supplying exempt goods or services.
d. No, only if specified threshold exceeds in a financial year then only need to obtain.
Q. Which one of the following is true?
a. A person can’t collect tax unless he is registered.
b. Registered person not liable to collect tax till his aggregate turnover exceeds ` 20 lakhs /` 10 Lakhs as the case may be.
c. A person can collect the tax during the period of his provisional registration.
d. Both (a) and (b) are correct.
Q. Which of the following forms are used for registration?
a. Form GSTR-1
b. Form GSTAPL-01
c. Form GST REG-01
d. Form GST RFD-01
Q. Within how many days a person should apply for registration?
a. Within 60 days from the date he becomes liable for registration.
b. Within 30 days from the date he becomes liable for registration.
c. No Time Limit
d. Within 90 days from the date he becomes liable for registration.
Q. A person having business verticals in a State obtain a separate registration foreach business vertical.
a. Single, shall
b. Multiple, shall
c. Multiple, may
d. Single, May
Q. Which one of following statements is correct?
a. Voluntary registration is not possible under GST.
b. Voluntarily registered person not liable to comply with all the provisions of the GST.
c. A person may get himself registered voluntarily and shall comply with all the provisions of GST.
d. None of the above.
Q. PAN issued under the Income Tax Act is mandatory for grant of registration.
a. It is one of the documents listed.
b. Yes, but non-resident taxable person may be granted registration on the basis of any other document.
c. No
d. Yes, even for non-resident taxable persons
Q. An E-commerce operator should get registered?
a. Yes, irrespective of threshold limit
b. No, required to register only if his aggregate turnover exceeds the threshold limit.
c. Yes, if he is located in North-western states.
d. He is required to register if he is liable to collect tax at source and /or his aggregate turnover
Q. What is the validity of the registration certificate?
a. One year
b. No validity
c. Valid till it is cancelled
d. Five years
Q. What is the validity of the registration certificate issued to casual taxable person and non-residenttaxable person?
a. 90 days from the effective date of registration
b. Period specified in the application for registration
c. Earliest of (a) or (b) above
d. 180 days from the effective date of registration