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Gst Council Quiz 3 (60 MCQs)

Quiz Instructions

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1. A book's cost price is $ 45. If 10% GST is to be added, what is the selling price?
2. Which of the following are covered in the definition of input tax? i. Tax paid under RCM ii. IGST on importsiii. Taxes on composition levy iv. CGSTMark the correct option:
3. Not included in transaction value-
4. A situation where rate of tax on input is more than rate of tax on output is
5. How will the goods and services be classified under GST regime?
6. Which of the following is the first country in the world to implement GST in 1954?
7. What Is the latest version of utility tool of GSTR-3B report supporting in Tally ERP9?
8. Bill of Supply Issued by
9. At which session of the Indian National Congress was Vande Mataram sung for the first time?
10. Which code is used to classify goods and services under GST?
11. Calculate the GST owed to the ATO:GST credits $ 150, GST payables $ 200
12. Diesel & Petrol are taxable under GST@ .....
13. Which country is the First to Implement GST?
14. The chair of GST Council
15. ..... is issued when there is reduction in the price given by supplier.
16. What is the time of supply of services where services are received from an associated enterprise located outside India
17. What are all the changes done in the Latest GSTR-3B excel utility in 4.3 version?
18. What is the location of supply in case of importation of goods?
19. Indian GST modal is based on
20. GSTN comes under which Act?
21. The tourist can claim refund of
22. Mr. Jay trades in certain items which are exempt and supplies certain items to SEZ which are zero rated. He wants to understand which of the following will be included in computation of taxable supplies for purpose of availing input tax credit?
23. GSTIN code for Maharashtra is .....
24. Liability to pay tax by the recipient of supply of goods or services is called
25. If I am Composite Dealer, I file .....
26. A book is advertised as 20% off. If it cost $ 70 at the register, how much was it originally?
27. GST will be levied on ..... ?
28. In India GST was first proposed in .....
29. GST is imposed by which Govt.?
30. In Accounting software ..... classify to their nature.
31. On Import of Goods & Services Which GST is applicable:
32. When the goods and services are sold for Rs. 15000 under intra-state transaction from station A to a station B and the rate of GST is 12%, then C.P. at station B will be Rs.
33. Can we see Percentage wise sales and purchase in GSTR-3B report?
34. A special purpose vehicle ..... has been launched to cater the needs of GST.
35. Debit note is issued:
36. Due to the present situation of Covid-19 the filling of GSTR-1 and GSTR-3B for February, March and April 2020 is extended to
37. What is the time of supply of service in case of reverse charge mechanism?
38. ABC Ltd of Mumbai supplied goods to XYZ Ltd of Delhi under a contract for the goods to be delivered at the factory of the buyers. Goods removed from the factory of ABC Ltd on 19.08.2018 and were delivered in the factory of XYZ Ltd. Of Delhi on 26.08.2018. Invoice for the supplies were raised by ABC Ltd on 18.08.2018. Payment of the bill was received on 20.09.2018. The time of supply in this case under GST should be taken as?
39. In which year GST was imposed in India?
40. Indian GST Model has how many rate structures
41. Kamal has supplied goods to Mr.X on 24.12.2017. The invoice had already been raised on 22.12.2017. Mr.X had paid the due amount on 29.12.2017. The receipt was entered into in the books of account by Kamal on 30.12.2017. But the same was credited in his bank account on 02.01.2018. In this case, the time of supply shall be?
42. Goods bought by ABC Ltd. Banguluru from XYZ Ltd. of Haryana. which GST will be imposed on the above transaction?
43. Which Deduction is allowed from transaction value?
44. FINANCE MINISTRY IS HEADED BY
45. Goods & Services Tax is tax on:
46. Can GSTR-3B returns revised after submitting the return?
47. Goods sold from Mumbai to Pune is the example of .....
48. What is highest rate of GST?
49. When was the Goods and Services Tax GST levied in India?
50. What is the time of supply of service if the invoice is not issued within 30 days from the date of provision of service
51. The marked price of an article = Rs. 20, 000 and rate of GST on it = 28%. A shopkeeper buys this article at a reduced price and sells it at its marked price. If the shopkeeper paid Rs. 308 as CGST to the government, find the amount (inclusive of GST) paid by the shopkeeper.
52. GST is applicable in:
53. The IGST is charged by?
54. Which of the following is not one of the category of Indirect tax rates under GST?
55. Can the taxable person under Composition Scheme claim input tax credit
56. In India GST model has chosen ..... model of dual-GST.
57. GST is also called
58. Mr.X ( New Delhi ) boards the new delhi kota train at New Delhi. He sells the goods taken on board by him (at New Delhi), in the train at Jaipur during the journey. What is the place of supply?
59. SGST is based on
60. A TV cost $ 2699 with GST included. How much is it before GST?
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