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This set of Indirect Tax Multiple Choice Questions & Answers (MCQs) focuses on Indirect Tax Set 5
Q1 | Consideration ____________.
- 2(75) of CGST Act
- 2(105) of CGST Act
- 2(56) of CGST Act
- 2(31) of CGST Act
Q2 | E Commerce Operators __________________
- 2 (75) of CGST Act
- 2(102) of CGST Act
- 2(31) of CGST Act
- 2(45) of CGST Act
Q3 | Supplier ______________.
- 2(107) of CGST Act
- 2(105) pf CGST Act
- 2(84) of CGST Act
- 2(52) of CGST Act
Q4 | Recipient _______________.
- 2(93) of CGST Act
- 2(17) of CGST Act
- 2(107) of CGST Act
- 2(52) CGST Act
Q5 | Goods means every kind of _____ property.
- Movable
- Immovable
- Unmovable
- Movable & Immovable
Q6 | Which one of the following shall not be treated as supply?
- Rental
- Lease
- Actionable Claim
- License
Q7 | Input means _________
- Any goods of Excluding capital goods
- Any goods including capital goods
- Capital Goods only
- Capital goods used for the furtherance of the business.
Q8 | “Exempt Supply “means supply of any goods or services or both which attracts _______________rate of tax.
- Zero
- Nil
- Not mentioned in the act
- One
Q9 | Input means any goods other than _________goods.
- Capital
- Consumables
- Consumer
- Intangible
Q10 | Works of contract in GST is ______________.
- Supply of goods
- Supply of Service
- Supply of both
- Neither supply of goods nor supply of services
Q11 | On which one of the following items, GST will be levied?
- Aviation Fuel
- Natural Gas
- High Speed Diesel Oil
- Liquefied Petroleum Gas
Q12 | Rate of IGST on Motor Car is _____________.
- 5%
- 12%
- 18%
- 28%
Q13 | Rate of Tax on platinum CGST and SGST together ______________________.
- 2. 5%
- 3%
- 18%
- 28%
Q14 | Rate of composition got restaurant is ____________.
- 5%
- 12%
- 18%
- 28%
Q15 | Rate of Tax for composition for restaurant is ___________.
- 1%
- 2%
- 5%
- 12%
Q16 | Ayurvedic products comes under which rate structure?
- 12 %
- Nil
- 5%
- 18%
Q17 | Under GST, smart phones will be taxed at _____________ percent?
- 5 %
- 12%
- 18%
- 28%
Q18 | Time period within which invoice has to be issued in case of movable gods ____________
- Before or at the time of removal of goods
- On or rather delivery of good
- After removal of goods
- None
Q19 | Minimum rate of tax under consumption levy for restaurant services _______
- 1%
- 2%
- 4%
- 5%
Q20 | Mr. A is supplier opted composition scheme when he is required to file his return in respect of supply of October 2017 toDec 2017.
- 10th January 2018
- 15th January 2018
- 18th January 2018
- 20th January 2018
Q21 | Compute time of supply (in case of supply of toothpaste) when its removal on 25/12/2017, date of invoice 31/12/2017, dateof payment 01/01/2019____________
- 25/12/2019
- 31/12/2018
- 01/01/2020
- 25/02/2019
Q22 | Compute time of supply (0in case of Supply of Soap) when its removal on 25/11/2017, Date of invoice 21/11/2017.
- 25/11/2017
- 21/11/2017
- 1/12/2017
- 21/10/2017
Q23 | Composition levy applicable to tax prayer whose turnover not exceed ___________-
- 20 lakhs
- 50 lakhs
- 80 lakhs
- 150 Lakhs
Q24 | Dealers not eligible for opting composition scheme.
- Exporters
- Importers
- Interstate supplier of goods
- Manufacturing dealers
Q25 | Which of the following tax rate is not applicable under the GST?
- 5
- 12
- 28
- 25