This quiz works best with JavaScript enabled. Home > Indian Polity > Finance > Gst > Gst Council – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Gst Council Quiz 4 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. If I go to Bhopal in MP, and buy a Laptop for Company and provide my Mumbai GSTIN to Seller, he will charge me ..... A) CGST. B) SGST. C) IGST. D) CGST and SGST. Show Answer Correct Answer: C) IGST. 2. Whether the GSTR-3B is filed monthly or quarterly? A) Monthly. B) Quarterly. C) Monthly and Quarterly. D) Yearly. Show Answer Correct Answer: A) Monthly. 3. GST is calculated on A) Transaction value. B) Taxable value. C) Tax payable after deducting input credit. D) Net duty payable. Show Answer Correct Answer: B) Taxable value. 4. Maximum Rate of CGST is A) 40%. B) 20%. C) 10%. D) 5%. Show Answer Correct Answer: B) 20%. 5. Who is the present Chairperson of GST Council instituted for making recommendations to Government of India on important issues related to GST? A) Minister of finance and Corporate Affairs-Arun Jaitley. B) Rajiv kumar, Vice Chairman Niti Aayog. C) Ministry of commerce and Industry-Suresh Prabhu. D) PM Narender Modi. Show Answer Correct Answer: A) Minister of finance and Corporate Affairs-Arun Jaitley. 6. Of 60 A) 150. B) 15. C) 1.5. D) 2.5. Show Answer Correct Answer: C) 1.5. 7. What is the time of supply of service for the supply of taxable services up to '1000 in excess of the amount indicated in the taxable invoice? A) At the option of the supplier-Invoice date or Date of receipt of consideration. B) Date of issue of invoice. C) Date of receipt of consideration. D) Date of entry in books of account. Show Answer Correct Answer: A) At the option of the supplier-Invoice date or Date of receipt of consideration. 8. Input tax credit is available only when the purchase made is used in ..... A) The course or furtherance of business. B) Other than business expenses. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: A) The course or furtherance of business. 9. Gst full form A) Goods and service tax. B) Goods and goods. C) Goods and kids. D) Goods. Show Answer Correct Answer: A) Goods and service tax. 10. Mr.Ram supplied goods to Mr.Laxman. The invoice is dated 30.07.2018. Payment was received for supply on 30.10.2018. The goods were dispatched on 05.08.2018. What is the time of supply under CGST Act? A) 05.08.2018. B) 30.07.2018. C) 30.10.2018. D) None of the above. Show Answer Correct Answer: B) 30.07.2018. 11. For the following transaction within Delhi, find the value of the following:CGST =? , SGST=? , IGST=? Given that, MRP = Rs.12000, Discount%= 30%, GST= 18% A) Rs 0, Rs 0, Rs 1512. B) Rs 1512, Rs 1512, Rs 0. C) Rs 0, Rs 0, Rs 756. D) Rs 756, Rs 756, Rs 0. Show Answer Correct Answer: D) Rs 756, Rs 756, Rs 0. 12. What was the original cost of a bed frame that has a GST-included price of $ 1900? The rate of GST is 10%. Answer correct to the nearest cent. A) $ 1727.27. B) $ 2090. C) $ 17.27. D) $ 1710. Show Answer Correct Answer: A) $ 1727.27. 13. Complete GSTR 2A can be download from GSTN Portal every month from the date of A) 1st of every month. B) 10th of every month. C) 15th of Every month. D) 12th of Every month. Show Answer Correct Answer: D) 12th of Every month. 14. GST is a ..... Tax. A) Direct. B) Indirect. C) Both. D) None of above. Show Answer Correct Answer: B) Indirect. 15. If I go to Bhopal in MP, stay in Hotel Fern for Company meetings and provide my Mumbai GSTIN to Hotel, he will charge me ..... A) CGST. B) SGST. C) IGST. D) CGST and SGST. Show Answer Correct Answer: D) CGST and SGST. 16. When was VAT introduced in UAE? A) 1st January 2017. B) 1st January 2018. C) 31st December 2018. D) 31st December 2017. Show Answer Correct Answer: B) 1st January 2018. 17. In which release latest GSTR-3B offline tool version 4.3 supported? A) Tally.ERP 9 Release 6.6.1. B) Tally.ERP 9 Release 6.0.3. C) Tally.ERP 9 Release 6.2. D) Tally.ERP 9 Release 6.3. Show Answer Correct Answer: A) Tally.ERP 9 Release 6.6.1. 18. Type of rate of GST in India are- A) 2. B) 5. C) 7. D) Many. Show Answer Correct Answer: C) 7. 19. GST is a dual model of A) UK. B) Canada. C) USA. D) France. Show Answer Correct Answer: B) Canada. 20. A Bill of Supply can be issued in case of Inter-State and Intra-State? A) Exempted Supplies. B) Supplies by Composition scheme. C) Supplies to unregistered person. D) None of these. Show Answer Correct Answer: A) Exempted Supplies. ← PreviousNext →Related QuizzesFinance QuizzesIndian Polity QuizzesGst Council Quiz 1Gst Council Quiz 2Gst Council Quiz 3Gst Council Quiz 5Gst Council Quiz 6Gst Council Quiz 7Gst Council Quiz 8Gst Council Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books