Deck 4: Implications and Implementation of GST in India

Question 1

GST is levied on supply of all goods or services or both except supply of _______________

A)Sin goods
B)Cigarettes
C)Alcoholic liquor for human consumption
D)Pan Masala

Answer 1

Alcoholic liquor for human consumption

Question 2

On _________, the constitution (122nd Amendment) bill, 2014 was passed by Rajya Sabah with certain amendments.

A)July 30,2016
B)August 3, 2016
C)August 16, 2016
D)August 1 ,2016

Answer 2

August 3, 2016

Question 3

GST has been made applicable by ________ number of countries across the globe.

A)150
B)125
C)140
D)141

Answer 3

140

Question 4

GST is ________ Level Tax.

A)State
B)National
C)State and National
D)International

Question 5

The constitution Amendment Bill was adopted on _____________ by majority of state Legislatures wherein approval of at least 50% of the state assemblies was required________.

A)August, 2016
B)September, 2016
C)October, 2016
D)December, 2016

Question 6

Supply include which of the following___________.

A)Service
B)Goods
C)Goods & Services
D)Goods and or Services

Question 7

What does these term refere to:

-What is IGST __________.

A)Integrated Goods and Service Tax
B)Indian Goods and Service Tax
C)Initial Goods & Service Tax
D)International Goods & Service Tax.

Question 8

What does these term refere to:

-India ____________.

A)Trust
B)Territorial Water up to 200 national miles
C)Recipient
D)Consideration.

Question 9

What does these term refere to:

-Money ___________.

A)Not subject to GST
B)Money Order
C)Profit Motive irrelevant
D)Exchange of goods against goods

Question 10

What does these term refere to:

-Amazon ____________.

A)Electronic Commerce Operator
B)Exchange of goods against goods
C)Trust
D)Profit Motive Irrelevant

Question 11

What does these term refere to:

-Person _____________.

A)Territorial Water up to 200 national miles
B)Money order
C)TRUST
D)Recipient

Question 12

What does these term refere to:

-Admission in exhibition on Donor card ___________.

A)Electronic Commerce Operator
B)Profit Motive Irrelevant
C)Consideration
D)Not subject to GST

Question 13

What does these term refere to:

-Business ___________

A)Profit Motive Irrelevant
B)Exchange of goods against goods
C)Not subject to GST
D)Trust

Question 14

What does these term refere to:

-Sovereign activities _______________-

A)Money order
B)Electronic Operator
C)Not Suitable to GST
D)Consideration

Question 15

What does these term refere to:

-Barter ____________

A)Exchange of goods against goods
B)Profit Motive
C)Trust
D)Electronic Commerce Operator

Question 16

What does these term refere to:

-Swiggy ___________________.

A)Exchange of goods against goods
B)Trust
C)Electronic Commerce Operator
D)Recipient

Question 17

What does these term refere to:

-Section 2 (93) of CGST Act ____________

A)Recipient
B)Consideration
C)Territorial water up to 200 national miles
D)Money order

Question 18

What does these term refere to:

-Goods ______________.

A)2(105) of CGST Act
B)2(52) of CGST Act
C)2(56) of CGST Act
D)2 (93) of CGST Act

Question 19

What does these term refere to:

-Services ______________.

A)2 (31) of CGST Act
B)2(17) of CGST Act
C)2(84) of CGST Act
D)2 (102) of CGST Act

Question 20

What does these term refere to:

-Money ____________

A)5(58) of CGST Act
B)2(75) of CGST Act
C)2(107) of CGST Act
D)2(17) of CST Act

Question 21

What does these term refere to:

-Securities ____________.

A)2(45) of CGST Act
B)2(107) of CGST Act
C)2(31) CGST Act
D)2 (101) of SCRA Act

Question 22

What does these term refere to:

-India _________________.

A)2(84) of GCST Act
B)2(56) of CGST Act
C)2 (84) of CGST Act
D)2 (75) of CGST Act

Question 23

What does these term refere to:

-Persons _____________.

A)2(56) of CGST act
B)2(84) of CGST ACT
C)2(17) of CGST Act
D)2(93) of CGST Act

Question 24

What does these term refere to:

-Taxable Persons ________.

A)2(107) of CGST Act
B)2(17) of CGST Act
C)2 (45) of CGST Act
D)2(31) of CGST Act

Question 25

What does these term refere to:

-Business ___________.

A)2(105) of CGST Act
B)2(17) of CGST Act
C)2(31) of CGST Act
D)2(107) of CGST Act