GST MCQ - English

Set 3 MCQ Questions and Answers

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1) The subsumption of which taxes will make the GST – a pucca Destination based Consumption Tax

    CST and Central Excise
    VAT and Luxury Tax
    Service Tax and Purchase Tax
    Taxes on Lotteries and Entertainment Tax

Answer : A Discuss

2) When did GST come into effect in India?

    30th June 2017
    1st April 2017
    1st January 2017
    1st July 2017

Answer : D Discuss

3) The Items which will be taxable both under current Central Excise Law and new GST even after the implementation of the GST Act.

    Motor Spirit
    Alcoholic Liquor for Human Consumption
    Tobacco and Tobacco Products
    Natural Gas

Answer : C Discuss

4) The calculation of the aggregate turnover to decide the Taxable Minimum Turnover will be based on

    State Wise Turnover Basis
    All India Turnover Basis
    State Wise Turnover excluding Export
    All India Turnover excluding Export

Answer : B Discuss

5) The Dealers who are not eligible for any Threshold Limit in the minimum Registrable Turnover?

    Casual Dealers and Non-Resident Taxable Persons
    Input Service Distributors and Dealers making supply through Electronic Commerce Operator
    Dealers making interstate Supplies and those having Reverse tax Liability
    All of the Above

Answer : D Discuss

6) Aggregate Turnover Limit for Opting Compounding Scheme

    50/-Lakhs
    60/-Lakhs
    1 Crore
    1.5 Crore

Answer : A Discuss

7) Dealers not eligible for Opting Compounding Scheme

    Exporters
    Importers
    Interstate Suppliers and those liable to remit Tax on Reverse Charge Basis
    Manufacturing dealers

Answer : C Discuss

8) The permissible order of cross utilisation of IGST credit over the tax liabilities

    SGST, CGST and IGST
    IGST, CGST and SGST
    CGST, IGST and SGST
    CGST, SGST and IGST

Answer : B Discuss

9) The Tax applicable to interstate supplies will be:

    SGST Only
    CGST Only
    IGST Only
    CGST + IGST

Answer : C Discuss

10) The recommendation of the GST Council will be

    Mandatory
    Only Advisory Power
    Mandatory and sometimes Advisory
    Mandatory on States only

Answer : B Discuss

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