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

Accepted Answer

GST is not levied on the supply of alcoholic liquor for human consumption; this is because the taxation of alcoholic liquor for human consumption is a matter reserved for the states under the Constitution of India, allowing them to levy excise duty on these items.

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

Accepted Answer

The Constitution (122nd Amendment) Bill, 2014, which introduced the Goods and Services Tax (GST) in India, was passed by the Rajya Sabha on 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

Accepted Answer

As of my last update in 2023, approximately 140 countries have implemented Goods and Services Tax (GST) or a similar form of value-added tax (VAT), indicating its widespread adoption globally.

Question 4

GST is ________ Level Tax.
A)State
B)National
C)State and National
D)International

Accepted Answer

GST (Goods and Services Tax) is a State and National level tax, implemented in India to replace many indirect taxes previously existing at both state and federal levels.

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

Accepted Answer

The Constitution Amendment Bill was adopted on September, 2016 by majority of state Legislatures wherein approval of at least 50% of the state assemblies was required.

Question 6

Supply include which of the following___________.
A)Service
B)Goods
C)Goods & Services
D)Goods and or Services

Accepted Answer

Supply includes both goods and 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.

Accepted Answer

IGST stands for Integrated Goods and Service Tax, which is a part of Goods and Services Tax (GST) in India. It is charged on the supply of goods and services from one state to another within the country.

Question 8

What does these term refere to:
-India ____________.
A)Trust
B)Territorial Water up to 200 national miles
C)Recipient
D)Consideration.

Accepted Answer

India's territorial waters extend up to 200 nautical miles from the baseline.

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

Accepted Answer

The answer of What does these term refere to:
-Money ___________.
A)Not subject to...

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

Accepted Answer

Amazon is an Electronic Commerce Operator, primarily known for its online retail services, where it acts as a platform for consumers to purchase a wide variety of goods.

Question 11

What does these term refere to:
-Person _____________.
A)Territorial Water up to 200 national miles
B)Money order
C)TRUST
D)Recipient

Accepted Answer

The answer of What does these term refere to:
-Person _____________.
A)Territorial Water up...

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

Accepted Answer

The answer of What does these term refere to:
-Admission in exhibition on...

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

Accepted Answer

Business Profit Motive Irrelevant refers to the concept that businesses are not driven by profit motives, but rather by other factors such as social or environmental concerns.

Question 14

What does these term refere to:
-Sovereign activities _______________-
A)Money order
B)Electronic Operator
C)Not Suitable to GST
D)Consideration

Accepted Answer

Sovereign activities refer to actions or functions performed by the government or its departments that are not subject to GST (Goods and Services Tax). These activities are considered outside the scope of GST because they are carried out in the exercise of sovereign functions.

Question 15

What does these term refere to:
-Barter ____________
A)Exchange of goods against goods
B)Profit Motive
C)Trust
D)Electronic Commerce Operator

Accepted Answer

Barter refers to the exchange of goods against goods without the use of money as a medium of exchange.

Question 16

What does these term refere to:
-Swiggy ___________________.
A)Exchange of goods against goods
B)Trust
C)Electronic Commerce Operator
D)Recipient

Accepted Answer

Swiggy is an example of an Electronic Commerce Operator, as it operates an online platform for ordering and delivering food from local restaurants to customers.

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

Accepted Answer

Section 2 (93) of the CGST Act defines the term "Recipient" in the context of the Central Goods and Services Tax.

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

Accepted Answer

Goods are defined under section 2(52) of the CGST Act as every kind of movable property other than money and securities.

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

Accepted Answer

The term "services" is defined in Section 2(102) of the CGST Act, which states that services include anything other than goods, money, and securities but includes activities relating to the use of money or its conversion by cash or by any other mode, from one form, currency or denomination, to another form, currency or denomination for which a separate consideration is charged.

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

Accepted Answer

Money is defined under section 2(75) of the CGST Act.

Quiz 4: Implications and Implementation of GST in India

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

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

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

GST is ________ Level Tax.

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

Supply include which of the following___________.

What does these term refere to: -What is IGST __________.

What does these term refere to: -India ____________.

What does these term refere to: -Money ___________.

What does these term refere to: -Amazon ____________.

What does these term refere to: -Person _____________.

What does these term refere to: -Admission in exhibition on Donor card ___________.

What does these term refere to: -Business ___________

What does these term refere to: -Sovereign activities _______________-

What does these term refere to: -Barter ____________

What does these term refere to: -Swiggy ___________________.

What does these term refere to: -Section 2 (93) of CGST Act ____________

What does these term refere to: -Goods ______________.

What does these term refere to: -Services ______________.

What does these term refere to: -Money ____________