Question 1

Integrated Goods and Services Tax Act is applicable to&#10;A)all the states&#10;B)all the union territories&#10;C)the whole of india&#10;D)all the states except jammu and kashmir

Accepted Answer

The Integrated Goods and Services Tax Act (IGST) is applicable to the whole of India, including all states and union territories. This includes Jammu and Kashmir as well, making it applicable across the entire country without exceptions.

Question 2

Where location of the supplier and the place of supply are in two different Union territories&#10;A)cgst plus utgst is applicable&#10;B)igst is applicable&#10;C)sgst plus utgst is applicable&#10;D)cgst plus igst is applicable

Accepted Answer

When the location of the supplier and the place of supply are in two different Union territories, IGST (Integrated Goods and Services Tax) is applicable. IGST is charged when the supply of goods or services occurs from one state or Union territory to another.

Question 3

The managers of ITC Ltd., Kolkata (not registered under GST) are given one week trainning in Munnar, by Infosys Ltd. Bangalore, for a sum of Rs. 10 Lakhs. Payment given at Mumbai.The place of supply of service is

A)mumbai
B)kolkata
C)munnar
D)bangalore

mumbai

Accepted Answer

mumbai&#10;

Question 4

The Central Goods and Services Tax is levied under&#10;A)section 9 of the cgst act&#10;B)section 10 cgst act&#10;C)section 8 of the igst act&#10;D)section 2 of the sgst act

Accepted Answer

The Central Goods and Services Tax (CGST) is levied under Section 9 of the CGST Act, which outlines the tax's applicability on the supply of goods and services within a single state or union territory.

Question 5

GST number does not include&#10;A)pan&#10;B)state code&#10;C)aadhaar number&#10;D)alphabet z

Accepted Answer

The GST number includes the PAN (Permanent Account Number) of the entity, the state code as per the Indian Census 2011, and can include alphabets including 'Z', but it does not include the Aadhaar number.

Question 6

GSTR-2A is autogenerated from&#10;A)gstr 3&#10;B)gstr 2&#10;C)gstr 2a&#10;D)gstr1

Accepted Answer

GSTR-2A is a purchase-related tax return that is automatically generated for a business by the GST portal. It is generated based on the information submitted by the suppliers of the business in their GSTR-1.

Question 7

GSTR-6A is meant for&#10;A)gst dealers&#10;B)composition scheme taxpayers&#10;C)ecommerce operators&#10;D)input service distributor

Accepted Answer

GSTR-6A is a form meant for Input Service Distributors (ISD) in the GST regime. It is an automatically generated form based on the information furnished by the suppliers of the ISD in their GSTR-1.

Question 8

The proper officer may assess the tax liability on the basis of available information, evidences which is called&#10;A)best judgement assessment&#10;B)provisional assessment&#10;C)self assessment&#10;D)protective assessment

Accepted Answer

Best judgement assessment is conducted by the proper officer when they assess the tax liability based on the available information and evidence, typically in cases where the taxpayer has not complied with the tax laws or has not furnished the required information.

Question 9

GST council meeting is convened&#10;A)every week&#10;B)every month&#10;C)every 3 months&#10;D)any time as required

Accepted Answer

The answer of GST council meeting is convened&#10;A)every week&#10;B)every month&#10;C)every...

Question 10

GST is levied on supply all goods and services except ___________________.&#10;A)computer&#10;B)Machinery&#10;C)Alcoholic Liquor for human consumption&#10;D)Gold & Silver

Accepted Answer

GST is not levied on alcoholic liquor for human consumption; instead, it is taxed by the state governments under their respective state excise duties.

Question 11

Gst is leviable on Petrol from ____________.&#10;A)1/07/2017&#10;B)will not levied at all&#10;C)GST will be levied from a date notify by GST Council&#10;D)1/04/2018

Accepted Answer

The answer of Gst is leviable on Petrol from ____________.&#10;A)1/07/2017&#10;B)will...

Question 12

List I of the constitution contains matters in respect of which _______ has the exclusive power make law.&#10;A)Central Govt&#10;B)State Govt&#10;C)Union Govt&#10;D)Central & State Govt.

Accepted Answer

The answer of List I of the constitution contains matters...

Question 13

___________ Act have been subsumed in GST.&#10;A)Central Exercise&#10;B)Property Tax&#10;C)IGST&#10;D)Income Tax

Accepted Answer

The answer of ___________ Act have been subsumed in GST.&#10;A)Central...

Question 14

_______________ is Indirect Tax.&#10;A)Wealth&#10;B)Estate Duty&#10;C)IGST&#10;D)Income Tax

Accepted Answer

The answer of _______________ is Indirect Tax.&#10;A)Wealth&#10;B)Estate Duty&#10;C)IGST&#10;D)Income Tax...

Question 15

What&#160;does&#160;these term refere to:&#10;&#10;-CGST _______________.&#10;A)Central Goods and Service Tax&#10;B)State List&#10;C)Concurrent List&#10;D)Union List

Accepted Answer

The answer of What&#160;does&#160;these term refere to:&#10;&#10;-CGST _______________.&#10;A)Central Goods and...

Question 16

What&#160;does&#160;these term refere to:&#10;&#10;-List II _____________.&#10;A)Sin Goods&#10;B)Union Territory Goods and Service Tax&#10;C)State List&#10;D)Sin Goods.

Accepted Answer

The answer of What&#160;does&#160;these term refere to:&#10;&#10;-List II _____________.&#10;A)Sin Goods&#10;B)Union...

Question 17

What&#160;does&#160;these term refere to:&#10;&#10;-IGST _____________.&#10;A)Concurrent List&#10;B)Integrated Goods & Service Tax&#10;C)State List&#10;D)Concurrent List.

Accepted Answer

The answer of What&#160;does&#160;these term refere to:&#10;&#10;-IGST _____________.&#10;A)Concurrent List&#10;B)Integrated Goods...

Question 18

What&#160;does&#160;these term refere to:&#10;&#10;-List III ___________________.&#10;A)Central Goods and Service Tax&#10;B)Concurrent List&#10;C)State List&#10;D)Union List

Accepted Answer

The answer of What&#160;does&#160;these term refere to:&#10;&#10;-List III ___________________.&#10;A)Central Goods...

Question 19

What&#160;does&#160;these term refere to:&#10;&#10;-Cess ______________.&#10;A)Sin Goods&#10;B)Integrated goods & Service Tax&#10;C)State goods & Service Tax&#10;D)Union List

Accepted Answer

The answer of What&#160;does&#160;these term refere to:&#10;&#10;-Cess ______________.&#10;A)Sin Goods&#10;B)Integrated goods...

Question 20

What&#160;does&#160;these term refere to:&#10;&#10;-UTGST ____________.&#10;A)Union List&#10;B)Union Territory goods & Service Tax&#10;C)State List&#10;D)Concurrent List

Accepted Answer

The answer of What&#160;does&#160;these term refere to:&#10;&#10;-UTGST ____________.&#10;A)Union List&#10;B)Union Territory...

Question 21

What&#160;does&#160;these term refere to:&#10;&#10;-SGST __________.&#10;A)State Goods & Service Tax&#10;B)Central Goods & Service Tax&#10;C)Sin Goods&#10;D)Concurrent List

Accepted Answer

The answer of What&#160;does&#160;these term refere to:&#10;&#10;-SGST __________.&#10;A)State Goods &...

Question 22

What&#160;does&#160;these term refere to:&#10;&#10;-List I ____________.&#10;A)State List&#10;B)Union List&#10;C)Concurrent List&#10;D)Central Goods & Service tax

Accepted Answer

The answer of What&#160;does&#160;these term refere to:&#10;&#10;-List I ____________.&#10;A)State List&#10;B)Union...

Question 23

Taxes in India are levied by _______________.&#10;A)Constitution of India&#10;B)CBEC&#10;C)CBDT&#10;D)Parliament of India

Accepted Answer

The answer of Taxes in India are levied by _______________.&#10;A)Constitution...

Question 24

GST is a ______________ based Tax.&#10;A)Destination&#10;B)Manufacturing&#10;C)Services&#10;D)Entry Tax.

Accepted Answer

The answer of GST is a ______________ based Tax.&#10;A)Destination&#10;B)Manufacturing&#10;C)Services&#10;D)Entry Tax....

Question 25

Import under GST will be considered as ______________.&#10;A)Intra State Sale&#10;B)inter State Sale&#10;C)Sourced Based&#10;D)Destination based

Accepted Answer

The answer of Import under GST will be considered as...

Deck 3: GST and Taxation