Indirect Tax Set 4 MCQs

Q1 | GST is levied on supply of all goods or services or both except supply of _______________

Sin goods
Cigarettes
Alcoholic liquor for human consumption
Pan Masala

Answer: Alcoholic liquor for human consumption

Q2 | On _________, the constitution (122nd Amendment) bill, 2014 was passed by Rajya Sabah with certain amendments.

July 30,2016
August 3, 2016
August 16, 2016
August 1 ,2016

Answer: August 3, 2016

Q3 | GST has been made applicable by ________ number of countries across the globe.

150
125
140
141

Answer: 140

Q4 | GST is ________ Level Tax.

State
National
State and National
International

Answer: State and National

Q5 | The constitution Amendment Bill was adopted on _____________ by majority of state Legislatures wherein approval of atleast 50% of the state assemblies was required________.

August, 2016
September, 2016
October, 2016
December, 2016

Answer: September, 2016

Q6 | Supply include which of the following___________.

Service
Goods
Goods & Services
Goods and or Services

Answer: Goods & Services

Q7 | What is IGST __________.

Integrated Goods and Service Tax
Indian Goods and Service Tax
Initial Goods & Service Tax
International Goods & Service Tax.

Answer: Integrated Goods and Service Tax

Q8 | India ____________.

Trust
Territorial Water up to 200 national miles
Recipient
Consideration.

Answer: Territorial Water up to 200 national miles

Q9 | Money ___________.

Not subject to GST
Money Order
Profit Motive irrelevant
Exchange of goods against goods

Answer: Money Order

Q10 | Amazon ____________.

Electronic Commerce Operator
Exchange of goods against goods
Trust
Profit Motive Irrelevant

Answer: Electronic Commerce Operator

Q11 | Person _____________.

Territorial Water up to 200 national miles
Money order
TRUST
Recipient

Answer: TRUST

Q12 | Admission in exhibition on Donor card ___________.

Electronic Commerce Operator
Profit Motive Irrelevant
Consideration
Not subject to GST

Answer: Consideration

Q13 | Business ___________

Profit Motive Irrelevant
Exchange of goods against goods
Not subject to GST
Trust

Answer: Profit Motive Irrelevant

Q14 | Sovereign activities _______________-

Money order
Electronic Operator
Not Suitable to GST
Consideration

Answer: Not Suitable to GST

Q15 | Barter ____________

Exchange of goods against goods
Profit Motive
Trust
Electronic Commerce Operator

Answer: Exchange of goods against goods

Q16 | Swiggy ___________________.

Exchange of goods against goods
Trust
Electronic Commerce Operator
Recipient

Answer: Electronic Commerce Operator

Q17 | Section 2 (93) of CGST Act ____________

Recipient
Consideration
Territorial water up to 200 national miles
Money order

Answer: Recipient

Q18 | Goods ______________.

2(105) of CGST Act
2(52) of CGST Act
2(56) of CGST Act
2 (93) of CGST Act

Answer: 2(52) of CGST Act

Q19 | Services ______________.

2 (31) of CGST Act
2(17) of CGST Act
2(84) of CGST Act
2 (102) of CGST Act

Answer: 2 (102) of CGST Act

Q20 | Money ____________-

5(58) of CGST Act
2(75) of CGST Act
2(107) of CGST Act
2(17) of CST Act

Answer: 2(75) of CGST Act

Q21 | Securities ____________.

2(45) of CGST Act
2(107) of CGST Act
2(31) CGST Act
2 (101) of SCRA Act

Answer: 2 (101) of SCRA Act

Q22 | India _________________.

2(84) of GCST Act
2(56) of CGST Act
2 (84) of CGST Act
2 (75) of CGST Act

Answer: 2(56) of CGST Act

Q23 | Persons _____________.

2(56) of CGST act
2(84) of CGST ACT
2(17) of CGST Act
2(93) of CGST Act

Answer: 2(84) of CGST ACT

Q24 | Taxable Persons ________.

2(107) of CGST Act
2(17) of CGST Act
2 (45) of CGST Act
2(31) of CGST Act

Answer: 2(107) of CGST Act

Q25 | Business ___________.

2(105) of CGST Act
2(17) of CGST Act
2(31) of CGST Act
2(107) of CGST Act

Answer: 2(17) of CGST Act