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Gst Council Quiz 5 (25 MCQs)

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1. How many types of taxes will be in Indian GST?
2. Which is the first state to pass GST in India?
3. Date on which the supplier received the payment as per section 12 of the CGST Act shall be
4. What does "I" stands for in IGST?
5. _____ is a statement showing assets and liabilities of the business concern.
6. What is the full from of EPCG
7. Full Form of HSN code
8. In which year 'Sepoy Movement' or 'The first war of independence' took place in which year?
9. Payment of Tax to the Government under GST is compulsory at the time of
10. Invoice price of a TV including GST 12% is Rs.23, 520. Taxable value shall be-
11. The maximum rate for SGST/UTGST is?
12. On 6th May a conventional hall was booked for Rs.15000 and advance payment of Rs.3000 was made, on 15th September function was held, Invoice was issued in 27th October and on 3rd September the balance payment of Rs.12000 was made. What is the time of supply to the extend of balance Rs.12000?
13. The GSTIN is _____ digit PAN based registration number.
14. The first country to implement GST
15. Which of the following is subsumed under State GST?
16. Abhi hires a works contractor for repairing his factory building on a lump sum payment of 11, 80, 000. She debits half of the expenditure in the profit and loss account and the remaining half in the building account. Assuming the rate of GST to be 18%, Abhi can take input tax credit of:
17. In India GST became effective from
18. The maximum rate for CGST is?
19. When a GST dealer in Kerala sells a product o a GST dealer or customer in Tamilnadu, the tax collected is
20. Which GST Return we are not filing as of Now?
21. All input IGST will be first set of against
22. A book's cost price is $ 45. If 10% GST is to be added, what is the selling price?
23. 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:
24. Not included in transaction value-
25. A situation where rate of tax on input is more than rate of tax on output is
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