This quiz works best with JavaScript enabled. Home > Indian Polity > Finance > Gst > Gst Council – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Gst Council Quiz 11 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 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. 2. The headquarters of GST council is ..... A) MUMBAI. B) NEW DELHI. C) AHMEDABAD. D) BENGLORE. Show Answer Correct Answer: B) NEW DELHI. 3. Which section governs the provisions regarding refund in GST A) Section 53. B) Section 54. C) Section 52. D) Section 45. Show Answer Correct Answer: B) Section 54. 4. Which of the following goods is not covered under GST? A) Readymade Garments. B) Petrol. C) Packged Edible Oil. D) Electronics Items. Show Answer Correct Answer: B) Petrol. 5. Contra voucher is used for ..... A) Master entry. B) Withdrawal of cash from bank. C) Reports. D) Credit Purchase. Show Answer Correct Answer: B) Withdrawal of cash from bank. 6. When was the GST introduced in Australia? A) 1 June 2000. B) 1 July 2000. C) 1 September 2000. D) 1 July 1999. Show Answer Correct Answer: B) 1 July 2000. 7. 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). 8. 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. 9. The tax IGST charged by ..... Government. A) CENTRAL. B) STATE. C) CONCERNED DEPARTMENT. D) BOTH 1 & 2. Show Answer Correct Answer: A) CENTRAL. 10. ..... 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. 11. The following is not the Tax Rate Structure or Tax Slab in India A) 7%. B) 28%. C) 12%. D) 5%. Show Answer Correct Answer: A) 7%. 12. 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. 13. 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. 14. 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. 15. 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. 16. 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. 17. Goods and service tax is- A) Supply based. B) Consumption based. C) Both. D) None. Show Answer Correct Answer: B) Consumption based. 18. Who is liable for payment of GST? A) Registered Dealer. B) Unregistered Dealer. C) Industrialist. D) Business Owner. Show Answer Correct Answer: A) Registered Dealer. 19. GST paid for supplies exported from the country is A) Refunded only if exported from SEZ. B) Refunded to the exporter. C) Not Refunded. D) Refunded to the state from which export happens. Show Answer Correct Answer: B) Refunded to the exporter. 20. 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. ← PreviousNext →Related QuizzesFinance QuizzesIndian Polity QuizzesGst Council Quiz 1Gst Council Quiz 2Gst Council Quiz 3Gst Council Quiz 4Gst Council Quiz 5Gst Council Quiz 6Gst Council Quiz 7Gst Council Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books