Indirect Tax Set 5 MCQs

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