This quiz works best with JavaScript enabled. Home > Indian Polity > Finance > Gst > Gst Council – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Gst Council Quiz 16 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Constitution Amendment Act, 2016 for GST was A) 1.1.2017. B) 1.4.2017. C) 1.1.2018. D) 1.7.2017. Show Answer Correct Answer: D) 1.7.2017. 2. The 'I' in IGST stands for A) Intellectual. B) Integrated. C) Intra. D) Internal. Show Answer Correct Answer: B) Integrated. 3. What is the Full Form of LUT in Export Sales with LUT/Bond? A) Letter of Undertaking. B) Letter of Exemption. C) Letter of Understanding. D) Letter of Export Sales. Show Answer Correct Answer: A) Letter of Undertaking. 4. Tax Invoice must be issued by ..... ? A) Registered perons not paying tax undar composition scheme. B) Every Suppliers. C) Every Taxable persons. D) All of the above. Show Answer Correct Answer: A) Registered perons not paying tax undar composition scheme. 5. Mot full form A) Management optimisation techniques. B) Bsnms MN x xx. C) Gsbdnns d dk. D) Vskkelsldn. Show Answer Correct Answer: A) Management optimisation techniques. 6. Which of the following country is the first one to implement GST? A) USA. B) FRANCE. C) CHINA. D) SWITZERLAND. Show Answer Correct Answer: B) FRANCE. 7. VAT is A) Value Added Tax. B) Volume Added Tax. C) Value addition Time. D) None of these. Show Answer Correct Answer: A) Value Added Tax. 8. Input tax credit shall be allowed only if it is separately written in: A) Delivery note. B) Payment slip. C) Credit note. D) Tax invoice. Show Answer Correct Answer: D) Tax invoice. 9. Tax rate on goods under GST are determined by A) Union budget. B) State budget. C) Central Govt in consultation with state Govt. D) GST council. Show Answer Correct Answer: D) GST council. 10. What is the total number of marks in GST registration? A) 15. B) 14. C) 16. D) 17. Show Answer Correct Answer: A) 15. 11. GST is a destination based Tax? A) True. B) False. C) False.Depend on the person collecting it. D) True.Only if it is a Tourist Destination. Show Answer Correct Answer: A) True. 12. RATE OF GST ON BUTTERMILK A) 5 %. B) 6%. C) 7%. D) NIL. Show Answer Correct Answer: D) NIL. 13. First announcement to introduce GST by 2010 is made in year ..... A) 2000. B) 2004. C) 2006. D) 2008. Show Answer Correct Answer: C) 2006. 14. Diesel and petrol are taxable under GST A) 13% and 23%. B) 23% and 27%. C) 28.75 and 23%. D) GST not applicable. Show Answer Correct Answer: D) GST not applicable. 15. A registered person making zero rated supply shall be A) Eligible to claim refund. B) Not eligible for refund. C) Subject to reverse charge. D) None of these. Show Answer Correct Answer: A) Eligible to claim refund. 16. While uploading GSTR3B getting Error as 'Could not upload download latest offline utility tool'? A) Need to check whether the returns are generated from the latest release of Tally.ERP9. B) Need to check whether there is any negative sum of amount in the returns. C) Need to file manually. D) Need to file it through the excel utility. Show Answer Correct Answer: A) Need to check whether the returns are generated from the latest release of Tally.ERP9. 17. (a)A travel agent registered in New Delhi books a tour of famous Indian cities for a Dubai resident. (b)Mr.D an unregistered person based in New Delhi hires a yacht from the company based in London, UK for 20 days. Determine the place of supply in both the cases. A) Dubai (b)London. B) New Delhi (b) London. C) New Delhi (b)New Delhi. D) Dubai (b)New Delhi. Show Answer Correct Answer: B) New Delhi (b) London. 18. GST is ..... constitutional Amendment Act, 2016 A) 100. B) 101. C) 102. D) 103. Show Answer Correct Answer: B) 101. 19. Sales or Purchase values are not getting matched with GSTR-1 and GSTR-3B? A) Sales and Purchase Values will not match in GSTR-3B. B) Sales and Purchase Values will match if there are only Taxable items. C) 1.Check Any Incomplete/Mismatch in information (to be resolved2.Check if any Not relevant for returns . Check those transactions and include them if relevant. D) Sales and Purchase Values will match if there are only Exempt items. Show Answer Correct Answer: C) 1.Check Any Incomplete/Mismatch in information (to be resolved2.Check if any Not relevant for returns . Check those transactions and include them if relevant. 20. Which of the following item is under 5%slab of GST A) Coffee. B) Sugar. C) Kerosene. D) All of these. Show Answer Correct Answer: D) All of these. ← 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