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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