This quiz works best with JavaScript enabled. Home > Indian Polity > Finance > Gst > Gst Council – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Gst Council Quiz 14 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Real estate agent in Delhi charges brokerage fee to Company A located in Chandigarh for assistance in getting a commercial property in Kolkata. Which is the place of supply in this case? A) Delhi. B) Chandigarh. C) Kolkata. D) None of the above. Show Answer Correct Answer: C) Kolkata. 2. Positive impact of demonetisation A) Dent in GDP growth. B) Slump in real estate. C) Check on food inflation. D) Large scale lay off in Informal sector. Show Answer Correct Answer: C) Check on food inflation. 3. Deduction allowed against transaction value- A) Trade discount. B) Special discount for advance payment. C) In guarantee period after sales service charges. D) All of above. Show Answer Correct Answer: A) Trade discount. 4. GST rate applicable on Gold and Silver is- A) 0.25%. B) 1%. C) 3%. D) 5%. Show Answer Correct Answer: C) 3%. 5. GST number based on ..... ? A) PAN CARD. B) AADDHAR CARD. C) VOTER ID. D) CREDIT/DEBIT CARD. Show Answer Correct Answer: A) PAN CARD. 6. When was the first GST proposal introduced in India? A) 2000. B) 2005. C) 2005. D) 1999. Show Answer Correct Answer: A) 2000. 7. Increase $ 90 by 12% A) $ 10.80. B) $ 102. C) $ 100.80. D) $ 90.12. Show Answer Correct Answer: C) $ 100.80. 8. GST CAME IN FORCE FROM A) 1.7.2020. B) 1.7.2015. C) 1.7.2016. D) 1.7.2017. Show Answer Correct Answer: D) 1.7.2017. 9. GST was introduced in India on ..... A) 1st August 2017. B) 31st June 2017. C) 1st November 2017. D) 1st July 2017. Show Answer Correct Answer: D) 1st July 2017. 10. What type of GST applies for:restaurant food? A) Taxable supply. B) GST-free supply. C) Input taxed supply. D) None of above. Show Answer Correct Answer: A) Taxable supply. 11. GST is charged on: A) Goods Supplied. B) Services Supplied. C) Goods & /or Services Supplied. D) None of above. Show Answer Correct Answer: C) Goods & /or Services Supplied. 12. Input tax credit shall not be available in respect of: A) Goods used for personal consumption. B) Membership of a club. C) Travel benefits extended to employees on vacation such as leave or home travel concession. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 13. Credit note is issued on: A) Value & /or GST overcharged in Invoice. B) Sale Return. C) All. D) None of above. Show Answer Correct Answer: C) All. 14. HSN code stands for A) House shopping network. B) Harmonised system of Nomenclature. C) Harmonised system network. D) Home state number. Show Answer Correct Answer: B) Harmonised system of Nomenclature. 15. GST is added on in Australia at a rate of what percentage? A) 5%. B) 7.5%. C) 10%. D) 12.5%. Show Answer Correct Answer: C) 10%. 16. GST is defined in A) CGST ACT. B) IGST ACT. C) SGST ACT. D) UTGST. Show Answer Correct Answer: A) CGST ACT. 17. The ..... report prints a summary of the GST received and paid by you. A) Sales. B) GST. C) Payment. D) Receipt. Show Answer Correct Answer: B) GST. 18. The GSTIN consists of A) 13 digits. B) 14 digits. C) 15 digits. D) 16 digits. Show Answer Correct Answer: C) 15 digits. 19. What is the standard rate of GST in India? A) 18%. B) 10%. C) 12%. D) 5%. Show Answer Correct Answer: A) 18%. 20. $ I\ =\ P\ r\ n$ Is the formula for: A) GST. B) Simple Interest. C) Compound interest. D) Percentage increase. Show Answer Correct Answer: B) Simple Interest. ← 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