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This set of Indirect Tax Multiple Choice Questions & Answers (MCQs) focuses on Indirect Tax Set 2
Q1 | In case an operator fails to furnish the information required by the notice served to him U/s 52(2) within 15 days of date of service, he will be liable to pay penalty of maximum-----
- rs.5,000
- rs.10,000
- rs.25,000
- rs.20,000
Q2 | In a case where passenger transportation service is provided to an unregistered person, place of supply will be------
- location of recipient
- location of transporter
- location of the destination
- location where journey starts
Q3 | TDS certificate is to be issued by deductor in form-----
- gstr1a
- gstr2a
- gstr7b
- gstr7a
Q4 | Every registered person required to deduct tax at source shall furnish a return in Form-------
- gstr-1
- gstr-5
- gstr-9
- gstr-7
Q5 | An operator can rectify any omission or incorrect particulars in furnishing the statement U/s 52(4) subject to payment of-----
- taxes
- interest
- penalty
- late fee
Q6 | Every electronic commerce operator required to collect tax at source has to furnish a statement in form------
- gstr-1
- gstr-5
- gstr-7
- gstr-8
Q7 | Central & excise duty shall be levied in addition to GST on ------
- petroleum products
- alcohol products
- tobacco and tobacco products
- alcohol for human consumption
Q8 | Where supply is received at place other than place of business, location of recipient of services is----
- location of place of business
- location of fixed establishment
- location of establishm ent most directly concerned
- location of usual place of residence of recipient.
Q9 | M/s. ABC of Gujarat supplies goods to M/s. XYZ of Delhi, this will classify as
- intra state supply
- export supply
- inter state supply
- deemed supply
Q10 | Indirect Tax is a------
- regressive
- progressive tax
- tax on tax
- value added tax.
Q11 | GST is charged on----- of goods or services
- manufacture or provision
- consumption
- supply
- demand
Q12 | Supply of services Imported into the territory if India are treated as------
- inter state supply
- intra state supply
- exempt supplies
- international supplies
Q13 | Ms. Pooja supplied services to Ms. Smita on 5-7-2018.She raised an invoice on 20-6-2018 and recived the amount on 10-7-2018. The tax rate for these services was changed from 15% to 28% on 1-7-2018. The time of supply will be------ and tax rate levied will be-----
- 20-6-2018,28%
- 10-7-2018,28%
- 20-6-2018,15%
- 10-7-2018,15%
Q14 | In example (8) above, if invoice is raised on 10-7-2018 and amount is received on 20-6-2018 everything else being same, time of supply will be ------ and tax rate levied will be-----.
- 20-6-2018,28%
- 10-7-2018,15%
- 20-6-2018,15%
- 10-7-2018,28%
Q15 | Where the location of the supplier and the place of supply are in two different States-
- igst is applicable
- cgst is applicable
- sgst plus cgst is applicable
- cgst plus igst is applicable
Q16 | Where location of the supplier and place of supply are in a State and a Union territory
- cgst plus utgst isapplicable
- cgst plus igst is applicable
- sgst plus utgst isapplicable
- igst is applicable
Q17 | Place of supply of goods exported from India shall be
- the location outside india
- the location of the exporter
- state in which exported goods reaches first
- place of supply not applicable.
Q18 | The place of supply of telecommunication services shall be
- the location where connection is installed
- place of office of the services provider
- place of payment
- place of supply not relevant
Q19 | Gifts not exceeding----- in a year by an employer to employee shall not be treated as supply.
- rs. 5,000
- rs. 10,000
- rs. 50,000
- rs. 1,00,000
Q20 | Integrated Goods and services Tax is applicable when-
- sold in union territory
- sold from one gst dealer to another gst dealer
- sold within a state
- there is interstate supply
Q21 | Dealers whose annual turnover between Rs.1.5 crore and Rs. 5 crore need to use
- two-digit hsn code
- four digit hsn codes
- eight digit hsn codes
Q22 | Composite tax is applicable for dealer with turnover upto
- rs. 1 crore
- rs. 20 lakh
- rs. 1.5crore
- rs. 10 crore
Q23 | Supply of goods provided, or agreed to be provided, continuously or on recurrent basis, under a contract, is
- mixed supply
- composite supply
- common supply
- continuous supply
Q24 | The maximum limit of IGST rate fixed in the Act is
- 18%
- 28%
- 40%
- 100%
Q25 | Supply of two or more taxable supplies naturally bundled and supplied is called
- mixed supply
- composite supply
- common supply
- continuous supply