This quiz works best with JavaScript enabled. Home > General Knowledge > Indian Polity > Finance > Gst > Gst Council – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Gst Council Quiz 4 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. While uploading GSTR3B getting Error as 'Json Structure Invalid'? A) If the sum of GST amount Is in negative under Inward or Outward supply. Need to mention the Value manually in Vice versa field, from where its negative. B) If there is any debit or credit note passed. C) Need to remove the negactive amount and file the returns. D) Need to file it manually. Show Answer Correct Answer: A) If the sum of GST amount Is in negative under Inward or Outward supply. Need to mention the Value manually in Vice versa field, from where its negative. 2. When an unregistered dealer supplied goods to a registered dealer, the time of supply under reverse charge shall be earliest of A) Date of receipt of goods. B) Date of supply of goods. C) Date of loading of goods In transport. D) Date of intimation of supply of goods. Show Answer Correct Answer: A) Date of receipt of goods. 3. In India GST came effective from July 1st, 2017. India has chosen ..... model of dual-GST. A) CANADIAN. B) UK. C) UDSA. D) JAPANIES. Show Answer Correct Answer: A) CANADIAN. 4. If my turnover is less than ....., I can avoid GST Registeration. A) 50, 000. B) 50, 00, 000. C) 40, 000. D) 40, 00, 000. Show Answer Correct Answer: D) 40, 00, 000. 5. Darshan Pvt. Ltd. hired a Law firm and got a bill for Rs. 1, 00, 000 with a Note saying, '18% GST applicable as RCM' A) Now, company's accountant will pay Rs. 1L to Law firm and 18K to Income Tax Department as GST. B) Now, company's accountant will pay Rs. 1L to Law firm and 18K to GST Department as GST. C) Now, company's accountant will pay Rs. 1L to Law firm after deducting 18K as GST. D) The Accountant will Case the Law Firm for Illegal Bill making. Show Answer Correct Answer: B) Now, company's accountant will pay Rs. 1L to Law firm and 18K to GST Department as GST. 6. Supply within the same state is called is called ..... A) Inter state. B) Intra state. C) International. D) None of the above. Show Answer Correct Answer: B) Intra state. 7. Two or more individual supplies of goods or services, or any combination thereof, made in conjunction with each other A) Mixed supply. B) Composite supply. C) Common supply. D) None. Show Answer Correct Answer: A) Mixed supply. 8. Section 12 prescribes that the time of supply to the extent it relates to an addition In the value of supply by way of interest, late fee or penalty for the delayed payment of any consideration shall be the date on which A) The supplier receives such addition in value. B) The supplier becomes entitled to such addition in value. C) Earlier of A and B. D) None of the above. Show Answer Correct Answer: A) The supplier receives such addition in value. 9. The headquarters of GST council is ..... A) NEW DELHI. B) AHMEDABAD. C) BENGLORE. D) MUMBAI. Show Answer Correct Answer: A) NEW DELHI. 10. Which section governs the provisions regarding refund in GST A) Section 54. B) Section 53. C) Section 52. D) Section 45. Show Answer Correct Answer: A) Section 54. 11. Which of the following goods is not covered under GST? A) Petrol. B) Electronics Items. C) Readymade Garments. D) Packged Edible Oil. Show Answer Correct Answer: A) Petrol. 12. Contra voucher is used for ..... A) Master entry. B) Withdrawal of cash from bank. C) Credit Purchase. D) Reports. Show Answer Correct Answer: B) Withdrawal of cash from bank. 13. When was the GST introduced in Australia? A) 1 July 1999. B) 1 July 2000. C) 1 June 2000. D) 1 September 2000. Show Answer Correct Answer: B) 1 July 2000. 14. A registered taxable person is eligible to claim refund inrespect of export of goods and services in the following cases: A) Under bond, without payment of IGST and claim refund of unutilised input tax credit. B) On payment of IGST and claim refund of IGST paid on such goods and services. C) None of the above. D) Both (a) and (b). Show Answer Correct Answer: D) Both (a) and (b). 15. Pune Refineries (Mumbai, Maharashtra) gives contract to PQ Ltd(Ranchi, Jharkhand) to assemble a power plant in its Kutch, Gujarat refinery. The place of supply is Jharkhand. Comment A) True. B) False. C) None of the above. D) None of above. Show Answer Correct Answer: B) False. 16. The tax IGST charged by ..... Government. A) CENTRAL. B) STATE. C) CONCERNED DEPARTMENT. D) BOTH 1 & 2. Show Answer Correct Answer: A) CENTRAL. 17. ..... GST Rate is charged on High Speed Petrol A) 28%. B) 57%. C) 204%. D) None GST Rate. Show Answer Correct Answer: D) None GST Rate. 18. The following is not the Tax Rate Structure or Tax Slab in India A) 12%. B) 28%. C) 7%. D) 5%. Show Answer Correct Answer: C) 7%. 19. What type of GST applies for:basic food? A) Taxable supply. B) GST-free supply. C) Input taxed supply. D) None of above. Show Answer Correct Answer: B) GST-free supply. 20. What kind of tax is VAT? A) Depends upon the types of goods and services. B) Direct tax. C) Indirect tax. D) None of the above. Show Answer Correct Answer: C) Indirect tax. 21. In the GST council meetings, the vote of the Central Government shall have a weightage of A) 1/3 of votes cast. B) 1/2 of votes cast. C) 2/3 of votes cast. D) None of these. Show Answer Correct Answer: A) 1/3 of votes cast. 22. Mr. X a resident from Pune conducts training for employees of P Ltd. being a registered person under GST based out in Chennai at a resort in Darjeeling. The place of supply in this case is: A) Darjeeling. B) Pune. C) Chennai. D) None of the above. Show Answer Correct Answer: C) Chennai. 23. GSTR-3B utilty does not exist while exporting GSTR-3B in excel? A) Make sure that the GSTR-3B excel utility is downloaded and placed in the proper export location. B) Need to export GSTR-3B by pressing Alt E (Export). C) Need to add Tally folder in Trusted location. D) None of the above. Show Answer Correct Answer: A) Make sure that the GSTR-3B excel utility is downloaded and placed in the proper export location. 24. Goods and service tax is- A) Supply based. B) Consumption based. C) Both. D) None. Show Answer Correct Answer: B) Consumption based. 25. Who is liable for payment of GST? A) Unregistered Dealer. B) Industrialist. C) Business Owner. D) Registered Dealer. Show Answer Correct Answer: D) Registered Dealer. 26. GST paid for supplies exported from the country is A) Refunded to the exporter. B) Refunded to the state from which export happens. C) Not Refunded. D) Refunded only if exported from SEZ. Show Answer Correct Answer: A) Refunded to the exporter. 27. Application form for claiming refund in general cases is ..... and in case of refund of IGST paid on goods exported out of India is ..... A) Form GST RFD-01, Shipping Bill. B) Shipping Bill, Form GST RFD-01. C) None of the above. D) None of above. Show Answer Correct Answer: A) Form GST RFD-01, Shipping Bill. 28. The following is not a types of GST A) SGST. B) CGST. C) Integrated GST. D) Individuals GST. Show Answer Correct Answer: D) Individuals GST. 29. Rate of Health and Education cess regarding GST is- A) 2%. B) 1%. C) Zero. D) 3%. Show Answer Correct Answer: C) Zero. 30. Where supply is made from a place of business for which registration has been obtained, location of supplier is ..... A) Any place of business of such entity. B) Principal place of business entity. C) Such place of business. D) The location of such fixed establishment. Show Answer Correct Answer: C) Such place of business. 31. India's GST structure are based on how many structures? A) 3. B) 6. C) 5. D) 4. Show Answer Correct Answer: D) 4. 32. India prime minister A) Narendra Modi. B) Fhsnnsndbd s. C) Ganjkllsmsn s. D) Vsksmxnxnbdbd. Show Answer Correct Answer: A) Narendra Modi. 33. How many countries have adopted GST? A) 160. B) 161. C) 150. D) 170. Show Answer Correct Answer: A) 160. 34. Aasim purchased a computer for Rs.37760 which includes GST of 18%. Find the marked price of the computer. A) Rs. 32000. B) Rs. 42000. C) Rs. 35000. D) Rs. 35750. Show Answer Correct Answer: A) Rs. 32000. 35. Business report GST to the ATO by using which statement A) Buying Activity Statement. B) Business Asset Statement. C) Business Activity Statement. D) Building Asset Statement. Show Answer Correct Answer: C) Business Activity Statement. 36. Tourist means a person A) Not normally resident in India. B) Stays for not more than 6 months in India. C) Stays for legitimate and Non-Immigrant purpose. D) All of the above. Show Answer Correct Answer: D) All of the above. 37. Where is the headquarters of GST council? A) Assam. B) Kolkata. C) Mumbai. D) New Delhi. Show Answer Correct Answer: D) New Delhi. 38. In GSTR 2A We get all the details of A) All outward supply. B) All outward and all Inward Supply. C) All Inward Supply irrespective of supplier upload it or not. D) All Inward Supply uploaded by Supplier. Show Answer Correct Answer: D) All Inward Supply uploaded by Supplier. 39. Refund order is required to be issued within ..... from the date of ..... A) 60 days, filing claim of refund. B) 45 days, start of processing of refund. C) 15 days, Acknowledgement of application. D) 60 days, Acknowledgement of application. Show Answer Correct Answer: A) 60 days, filing claim of refund. 40. Integrated GST is applicable on goods or services A) Imports. B) Interstate Sale. C) Imports and interstate sales. D) Exported from India. Show Answer Correct Answer: C) Imports and interstate sales. 41. What are the taxes levied on an Intra-State supply? A) CGST and SGST. B) CGST. C) SGST. D) IGST. Show Answer Correct Answer: A) CGST and SGST. 42. To register for GST a business needs to earn $ ..... in annual sales A) $ 25, 000. B) $ 100, 000. C) $ 50, 000. D) $ 75, 000. Show Answer Correct Answer: D) $ 75, 000. 43. ..... voucher type is used for recording transfer of funds from one bank to another bank. A) Receipt. B) Purchase. C) Contra. D) Sales. Show Answer Correct Answer: C) Contra. 44. Mr.Y of Tamil Nadu sends a courier to his brother who lives in Punjab.Which of the following option is correct? A) Place of supply is Tamil Nadu if the recipient is registered. B) Place of supply is Punjab if the recipient is registered. C) Place of supply is Tamil Nadu if the recipient is unregistered. D) Both B & C. Show Answer Correct Answer: D) Both B & C. 45. Mr.A purchases redeemable vouchers worth Rs.7000 on 1st January. The vouchers are redeemable against purchase of any goods. The vouchers are valid till 30th June. What is the time of supply? A) 1st January. B) 30th June. C) The date of redemption of vouchers. D) None of the above. Show Answer Correct Answer: C) The date of redemption of vouchers. 46. Which of the following is NOT subsumed in GST? A) Entry tax. B) VAT. C) Entertainment Tax. D) Stamp duty. Show Answer Correct Answer: D) Stamp duty. 47. GST was implemented on A) 1st june 2014. B) 1st june 2017. C) 1st july 2017. D) 1st april 2016. Show Answer Correct Answer: C) 1st july 2017. 48. What are all the modes of filing GSTR-3B return from Tally? A) Json. B) Json and excel. C) Excel. D) None of the above. Show Answer Correct Answer: B) Json and excel. 49. When was GST implemented in India A) 2017. B) 2019. C) 2016. D) 2018. Show Answer Correct Answer: A) 2017. 50. Under GST, Insurance is taxed ..... percent. A) 0. B) 12. C) 28. D) 18. Show Answer Correct Answer: D) 18. 51. Mr. Anuj an architect, agrees to design and construct a building for Ms. Ashi for a sum of Rs. 5 Crores. The construction completed and the amount received by Mr. Anuj. This is supply of ..... A) Goods. B) Services. C) Both goods and services. D) None. Show Answer Correct Answer: B) Services. 52. Maximum GST rate on supply is: A) 38%. B) 15%. C) 28%. D) 22%. Show Answer Correct Answer: C) 28%. 53. Which Form Is to be used for Registration? A) Form GSTR-2. B) Form GSTR 1A-B. C) Form GST REG. D) Form GST REG-01. Show Answer Correct Answer: D) Form GST REG-01. 54. Input Cess can be adjusted against output Cess. A) Yes. B) God Knows. C) 50-50. D) No. Show Answer Correct Answer: D) No. 55. Receipt Voucher is issued on A) Payment Received. B) Goods Returned. C) Advanced Payment Received. D) All. Show Answer Correct Answer: C) Advanced Payment Received. 56. You purchase a new laptop for $ 500 excluding GST. What is the price including GST? A) 505. B) 525. C) 550. D) 50. Show Answer Correct Answer: C) 550. 57. If dealer A in maharashtra is selling his good to dealer B in Kerala, the SP= 1000 & GST rate = 10% .In the following case calculate the GST payable by dealer B to dealer A. A) IGST=100. B) IGST=50. C) SGST=50, CGST=50. D) CGST=100, SGST=100. Show Answer Correct Answer: A) IGST=100. 58. Mr.Ahaan ( supplier registered in Uttar Pradesh having principal place of business in Noida) asks Mr.Agarwal of Ahmedabad, Gujarat to deliver 50 Air Conditioner to his buyer Mr.Raunak at Jaipur, Rajasthan. What is the place of supply? A) Location of delivery of goods (Jaipur). B) Principal place of business of third person (Noida). C) None of the above. D) None of above. Show Answer Correct Answer: B) Principal place of business of third person (Noida). 59. Which of the following Input Tax credit (ITC) is not available to the tax payer:- A) ITC on Goods purchased for resale. B) ITC on purchase of Motor vehicle for use by director. C) ITC on Goods used for providing taxable services. D) ITC on Goods used in making supplies out of India. Show Answer Correct Answer: B) ITC on purchase of Motor vehicle for use by director. 60. Mode of calculation of refund in case of inverted duty structure A) Refund Amount = {[(Turnover of inverted rated supply of goods and services) * Net ITC ]/Adjusted Total Turnover}-tax payable on such inverted rated supply of goods and services. B) Refund Amount = {[(Turnover of inverted rated supply of goods and services) * Net ITC ]/Gross Total Turnover}-tax payable on such inverted rated supply of goods and services. C) Refund Amount = {[(Turnover of inverted rated supply of goods and services) * Net ITC ]/Adjusted Total Turnover}-tax payable on such supply of goods and services. D) Refund Amount = {[(Turnover of inverted rated supply of goods and services) * Net ITC ]/Net Turnover}-tax payable on such inverted rated supply of goods and services. Show Answer Correct Answer: A) Refund Amount = {[(Turnover of inverted rated supply of goods and services) * Net ITC ]/Adjusted Total Turnover}-tax payable on such inverted rated supply of goods and services. ← PreviousNext →Related QuizzesFinance QuizzesIndian Polity QuizzesGst Council Quiz 1Gst Council Quiz 2Gst Council Quiz 3Gst Council Quiz 5Gst Council Quiz 6 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books