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Set 4 MCQ Questions and Answers

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GST MCQ Questions and Answers [with Pdf]: We provide lots of multiple choice question for Goods and Service Tax (GST). We provided many sets and each set contain 70 question.

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1) What are the factors differentiating Composite Supply & Mixed Supply CGST Act 2017?

    Nature of bundling i.e. artificial or natural
    Existence of Principal Supply
    Both of the above
    None of the above

Answer : C Discuss

2) What is the time of supply of vouchers when the supply with respect to the voucher is not identifiable?

    Date of issue of voucher
    Date of redemption of voucher
    Earlier of (a) & (b)
    (a) & (b) whichever is later

Answer : B Discuss

3) The value of supply should include

    Any non-GST taxes, duties, cesses, fees charged by supplier separately
    Interest, late fee or penalty for delayed payment of any consideration for any supply
    Subsidies directly linked to the price except subsidies provided by the Central and State Government
    All of the above

Answer : D Discuss

4) The term “used in the course or furtherance of business” means?

    It should be directly co related to output supply
    It is planned to use in the course of business
    It is used in the course of business
    It is used in the course of business for making outward supply

Answer : C Discuss

5) Under section 16(2) of CGST Act how many conditions are to be fulfilled for the entitlement of credit?

    All the conditions
    Any two conditions
    Conditions not specified
    None of the above

Answer : A Discuss

6) Whether credit on inputs should be availed based on receipt of documents or receipt of goods

    Receipt of goods
    Receipt of Documents
    Both
    Either receipt of documents or Receipt of goods

Answer : C Discuss

7) In case supplier has deposited the taxes but the receiver has not received the documents, is receiver entitled to avail credit?

    Yes it will be auto populated in recipient monthly returns
    No as one of the conditions of 16(2) is not fulfilled
    Yes if the receiver can prove later that documents are received subsequently
    None of the above

Answer : B Discuss

8) The time limit to pay the value of supply with taxes to avail the input tax credit?

    Three months
    Six Months
    One hundred and eighty days
    Till the date of filing of Annual Return

Answer : C Discuss

9) Who will notify the rate of tax to be levied under CGST?

    Central Government suo moto
    State Government suo moto
    GST Council suo moto
    Central Government as per the recommendations of the GST Council

Answer : D Discuss

10) What are the supplies on which reverse charge mechanism would apply?

    Notified categories of goods or services or both
    Inward supply of goods or services or both from an unregistered dealer
    Both of the above
    None of the above

Answer : C Discuss

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