Indirect Tax Set 3

Bachelor of Management Studies (BMS)

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This set of Indirect Tax Multiple Choice Questions & Answers (MCQs) focuses on Indirect Tax Set 3

Q1 | Integrated Goods and Services Tax Act is applicable to
  • all the states
  • all the union territories
  • the whole of india
  • all the states except jammu and kashmir
Answer: the whole of india
Q2 | Where location of the supplier and the place of supply are in two different Union territories
  • cgst plus utgst isapplicable
  • igst is applicable
  • sgst plus utgst isapplicable
  • cgst plus igst is applicable
Answer: igst is applicable
Q3 | The managers of ITC Ltd., Kolkata (not registered under GST) are given one week trainning in Munnar, by Infosys Ltd. Bangalore, for a sum of Rs. 10 Lakhs. Payment given at Mumbai.The place of supply of service is
  • mumbai
  • kolkata
  • munnar
  • bangalore
Answer: mumbai
Q4 | The Central Goods and Services Tax is levied under
  • section 9 of the cgst act
  • section 10 cgst act
  • section 8 of the igst act
  • section 2 of the sgst act
Answer: section 9 of the cgst act
Q5 | GST number does not include
  • pan
  • state code
  • aadhaar number
  • alphabet z
Answer: aadhaar number
Q6 | GSTR-2A is autogenerated from
  • gstr 3
  • gstr 2
  • gstr 2a
  • gstr1
Answer: gstr1
Q7 | GSTR-6A is meant for
  • gst dealers
  • composition scheme taxpayers
  • ecommerce operators
  • input service distributor
Answer: input service distributor
Q8 | The proper officer may assess the tax liability on the basis of available information, evidences which is called
  • best judgement assessment
  • provisional assessment
  • self assessment
  • protective assessment
Answer: best judgement assessment
Q9 | GST council meeting is convened
  • every week
  • every month
  • every 3 months
  • any time as required
Answer: every 3 months
Q10 | GST is levied on supply all goods and services except ___________________.
  • computer
  • Machinery
  • Alcoholic Liquor for human consumption
  • Gold & Silver
Answer: Alcoholic Liquor for human consumption
Q11 | Gst is leviable on Petrol from ____________.
  • 1/07/2017
  • will not levied at all
  • GST will be levied from a date notify by GST Council
  • 1/04/2018
Answer: GST will be levied from a date notify by GST Council
Q12 | List I of the constitution contains matters in respect of which _______ has the exclusive power make law.
  • Central Govt
  • State Govt
  • Union Govt
  • Central & State Govt.
Answer: Central & State Govt.
Q13 | ___________ Act have been subsumed in GST.
  • Central Exercise
  • Property Tax
  • IGST
  • Income Tax
Answer: Central Exercise
Q14 | _______________ is Indirect Tax.
  • Wealth
  • Estate Duty
  • IGST
  • Income Tax
Answer: IGST
Q15 | CGST _______________.
  • Central Goods and Service Tax
  • State List
  • Concurrent List
  • Union List
Answer: Central Goods and Service Tax
Q16 | List II _____________.
  • Sin Goods
  • Union Territory Goods and Service Tax
  • State List
  • Sin Goods
Answer: State List
Q17 | IGST _____________.
  • Concurrent List
  • Integrated Goods & Service Tax
  • State List
  • Concurrent List
Answer: Integrated Goods & Service Tax
Q18 | List III ___________________.
  • Central Goods and Service Tax
  • Concurrent List
  • State List
  • Union List
Answer: Concurrent List
Q19 | Cess ______________.
  • Sin Goods
  • Integrated goods & Service Tax
  • State goods & Service Tax
  • Union List
Answer: Sin Goods
Q20 | UTGST ____________.
  • Union List
  • Union Territory goods & Service Tax
  • State List
  • Concurrent List
Answer: Union Territory goods & Service Tax
Q21 | SGST __________.
  • State Goods & Service Tax
  • Central Goods & Service Tax
  • Sin Goods
  • Concurrent List
Answer: State Goods & Service Tax
Q22 | List I ____________.
  • State List
  • Union List
  • Concurrent List
  • Central Goods & Service tax
Answer: Union List
Q23 | Taxes in India are levied by _______________.
  • Constitution of India
  • CBEC
  • CBDT
  • Parliament of India
Answer: Constitution of India
Q24 | GST is a ______________ based Tax.
  • Destination
  • Manufacturing
  • Services
  • Entry Tax.
Answer: Destination
Q25 | Import under GST will be considered as ______________.
  • Intra State Sale
  • inter State Sale
  • Sourced Based
  • Destination based
Answer: inter State Sale
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