This quiz works best with JavaScript enabled. Home > Indian Polity > Finance > Gst > Gst Council – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Gst Council Quiz 3 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In Tally for deleting any ledger, group or voucher ..... key combinations used. A) CTRL+ D. B) ALT + D. C) ALT +S. D) CTRL +S. Show Answer Correct Answer: B) ALT + D. 2. Maximum rate of GST is:- A) 5%. B) 12%. C) 28%. D) 18%. Show Answer Correct Answer: C) 28%. 3. One tooth paste and tooth brush and a toilet soap sold in a packet for Rs. 50, is a type of A) . Mixed supply. B) Composite supply. C) Joint Supply. D) Not supply. Show Answer Correct Answer: A) . Mixed supply. 4. Jack bought a bike for $ 550 and then sold it for $ 680. What was his percentage profit? A) 130. B) 23.6. C) 19.1. D) 25.2. Show Answer Correct Answer: B) 23.6. 5. Every year which of the following days will be observed as GST day by Central Board of Excise and Customs? A) 1st July. B) 31st December. C) 1st April. D) 1st june. Show Answer Correct Answer: A) 1st July. 6. What does the term PERSON includes? A) Individual. B) HUF. C) Partnership firm & Company. D) All. Show Answer Correct Answer: D) All. 7. In Case of Composition Scheme generally applicable rate is: A) 2%. B) 3%. C) 1%. D) 5%. Show Answer Correct Answer: C) 1%. 8. When did PM Narendra Modi introduce demonetisation? A) 8th November 2016. B) 4th November 2016. C) 8th November 2017. D) 1st December 2017. Show Answer Correct Answer: A) 8th November 2016. 9. GST-Goods and Service Tax Act is established under which of the following Amendments of the Constitution of india? A) 101st Amendments of Constitution. B) 196th Amendments of Constitution. C) 132nd Amendments of Constitution. D) 77th Amendments of Constitution. Show Answer Correct Answer: A) 101st Amendments of Constitution. 10. A dealer in Delhi buys some goods worth Rs. 16, 000. If the rate of GST is 12%, find how much will the dealer pay as CGST. A) Rs. 960. B) Rs. 1920. C) Rs. 17, 920. D) Rs. 16, 960. Show Answer Correct Answer: A) Rs. 960. 11. Exports under GST are? A) Zero rated. B) 5%. C) 10%. D) 7.5%. Show Answer Correct Answer: A) Zero rated. 12. Refund of GST is not applicable in case of A) Notified multilateral Financial Instituition. B) Embassy of foreign countries. C) Imports. D) Zero rated supplies. Show Answer Correct Answer: C) Imports. 13. The ..... voucher type is used for recording rectifying entries or adjustment entries. A) Journal. B) Sales. C) Purchase. D) Contra. Show Answer Correct Answer: A) Journal. 14. Is GST applicable to Jammu and Kashmir A) Yes. B) No. C) Maybe. D) To some part. Show Answer Correct Answer: A) Yes. 15. ITC of ..... can be adjusted with Output IGST, CGST and SGST A) CGST. B) SGST. C) IGST. D) Cess. Show Answer Correct Answer: C) IGST. 16. Refunds would be allowed on a provisional basis in case of refund claimsin case of zero rated supply of goods and services made by a registered persons. At what percentage, would such provisional refunds be granted? A) 90%. B) 80%. C) 70%. D) 65%. Show Answer Correct Answer: A) 90%. 17. Mr. A took Health Insurance Policy for his family and paid Rs. 900 as SGST. Find the total annual premium paid by him for this policy, rate of GST being 18%. A) 18000. B) 10000. C) 9000. D) 2100. Show Answer Correct Answer: B) 10000. 18. If the person makes export supplies or supplies to SEZ, will he be eligible to avail the ITC? A) Yes, if he supplies under Bond / LUT. B) Yes, if he doesn't supply under Bond / LUT. C) Yes, he can avail ITC in any situation. D) None of the above. Show Answer Correct Answer: C) Yes, he can avail ITC in any situation. 19. The turnover limit for registered person for GST Audit A) 2cr. B) 1.5Cr. C) 1Cr. D) 0.5 Cr. Show Answer Correct Answer: A) 2cr. 20. Where a supply is made from a place other than the place of business for which registration has been obtained ..... A) Principal place of business entity. B) Such place of business. C) Any place of business of such entity. D) The location of such fixed establishment. Show Answer Correct Answer: D) The location of such fixed establishment. ← PreviousNext →Related QuizzesFinance QuizzesIndian Polity QuizzesGst Council Quiz 1Gst Council Quiz 2Gst Council Quiz 4Gst Council Quiz 5Gst Council Quiz 6Gst Council Quiz 7Gst Council Quiz 8Gst Council Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books