Deck 5: GST Consideration, E-Commerce, and Tax Rates

Question 1

What does these term refere to:

-Consideration ____________.

A)2(75) of CGST Act
B)2(105) of CGST Act
C)2(56) of CGST Act
D)2(31) of CGST Act

Answer 1

2(31) of CGST Act

Question 2

What does these term refere to:

-E Commerce Operators __________________

A)2 (75) of CGST Act
B)2(102) of CGST Act
C)2(31) of CGST Act
D)2(45) of CGST Act

Answer 2

2(45) of CGST Act

Question 3

What does these term refere to:

-Supplier ______________.

A)2(107) of CGST Act
B)2(105) pf CGST Act
C)2(84) of CGST Act
D)2(52) of CGST Act

Answer 3

2(105) pf CGST Act

Question 4

What does these term refere to:

-Recipient _______________.

A)2(93) of CGST Act
B)2(17) of CGST Act
C)2(107) of CGST Act
D)2(52) CGST Act

Question 5

Goods means every kind of _____ property.

A)Movable
B)Immovable
C)Unmovable
D)Movable & Immovable

Question 6

Which one of the following shall not be treated as supply?

A)Rental
B)Lease
C)Actionable Claim
D)License

Question 7

Input means _________

A)Any goods of Excluding capital goods
B)Any goods including capital goods
C)Capital Goods only
D)Capital goods used for the furtherance of the business.

Question 8

"Exempt Supply "means supply of any goods or services or both which attracts _______________rate of tax.

A)Zero
B)Nil
C)Not mentioned in the act
D)One

Question 9

Input means any goods other than _________goods.

A)Capital
B)Consumables
C)Consumer
D)Intangible

Question 10

Works of contract in GST is ______________.

A)Supply of goods
B)Supply of Service
C)Supply of both
D)Neither supply of goods nor supply of services

Question 11

On which one of the following items, GST will be levied?

A)Aviation Fuel
B)Natural Gas
C)High Speed Diesel Oil
D)Liquefied Petroleum Gas

Question 12

Rate of IGST on Motor Car is _____________.

A)5%
B)12%
C)18%
D)28%

Question 13

Rate of Tax on platinum CGST and SGST together ______________________.

A)2. 5%
B)3%
C)18%
D)28%

Question 14

Rate of composition got restaurant is ____________.

A)5%
B)12%
C)18%
D)28%

Question 15

Rate of Tax for composition for restaurant is ___________.

A)1%
B)2%
C)5%
D)12%

Question 16

Ayurvedic products comes under which rate structure?

A)12 %
B)Nil
C)5%
D)18%

Question 17

Under GST, smart phones will be taxed at _____________ percent?

A)5 %
B)12%
C)18%
D)28%

Question 18

Time period within which invoice has to be issued in case of movable gods ____________

A)Before or at the time of removal of goods
B)On or rather delivery of good
C)After removal of goods
D)None

Question 19

Minimum rate of tax under consumption levy for restaurant services _______

A)1%
B)2%
C)4%
D)5%

Question 20

Mr. A is supplier opted composition scheme when he is required to file his return in respect of supply of October 2017 to Dec 2017.

A)10th January 2018
B)15th January 2018
C)18th January 2018
D)20th January 2018

Question 21

Compute time of supply (in case of supply of toothpaste) when its removal on 25/12/2017, date of invoice 31/12/2017, date of payment 01/01/2019____________

A)25/12/2019
B)31/12/2018
C)01/01/2020
D)25/02/2019

Question 22

Compute time of supply (0in case of Supply of Soap) when its removal on 25/11/2017, Date of invoice 21/11/2017.

A)25/11/2017
B)21/11/2017
C)1/12/2017
D)21/10/2017

Question 23

Composition levy applicable to tax prayer whose turnover not exceed ___________-

A)20 lakhs
B)50 lakhs
C)80 lakhs
D)150 Lakhs

Question 24

Dealers not eligible for opting composition scheme.

A)Exporters
B)Importers
C)Interstate supplier of goods
D)Manufacturing dealers

Question 25

Which of the following tax rate is not applicable under the GST?

A)5
B)12
C)28
D)25