This quiz works best with JavaScript enabled. Home > Indian Polity > Finance > Gst > Gst Council – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Gst Council Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. On which day independence day of India was celebrated before the indepndence? A) 26 jan. B) 15 august. C) 8 august. D) 20 jan. Show Answer Correct Answer: A) 26 jan. 2. Which of the following tax is not subsumed under GST Tax A) Sales Tax. B) Service Tax. C) Income Tax. D) Excise Duty. Show Answer Correct Answer: C) Income Tax. 3. In GSTR-3B we are getting Purchase taxable under Outward supplies, why? A) If the Purchases are passed by Negative Values. B) If there is a Purchase return in the same month. C) Need to check the GST Configuration in the ledger whether in the Tax rate history he has initially configured any 'Purchase' Nature of transaction. D) None of the above. Show Answer Correct Answer: C) Need to check the GST Configuration in the ledger whether in the Tax rate history he has initially configured any 'Purchase' Nature of transaction. 4. Another name for GST collected is: A) GST payables. B) GST tax credits. C) GST credits. D) GST outlay. Show Answer Correct Answer: A) GST payables. 5. Excise and Service Tax got subsumed in ..... A) CGST. B) SGST. C) IGST. D) Cess. Show Answer Correct Answer: A) CGST. 6. Another name for GST payables is: A) GST collected. B) GST tax credits. C) GST credits. D) GST outlay. Show Answer Correct Answer: A) GST collected. 7. You purchase a phone for $ 220 inclusive of GST. How much GST are you paying? A) 22. B) 20. C) 21. D) 200. Show Answer Correct Answer: B) 20. 8. Which is an Incorrect GSTIN? Its tricky A) 27 I am harvesting 1 z 4. B) 27AACFF9468K1ZU. C) 27Azbkha43Z0. D) 97 ASO 1598 A1 BD. Show Answer Correct Answer: C) 27Azbkha43Z0. 9. The main cause of demonetisation A) Fake currency. B) Black money. C) Corruption. D) All of these. Show Answer Correct Answer: D) All of these. 10. Which of the following taxes will be levied on Import of goods and services? A) CGST. B) SGST. C) IGST. D) Exempt. Show Answer Correct Answer: C) IGST. 11. WHAT WAS THE SLOGAN GIVEN MAHATAMA GANDHI A) DO or DIE. B) TRUTH and NON VIOLENCE. C) QUIT INDIA. D) ALL OF THE ABOVE.. Show Answer Correct Answer: D) ALL OF THE ABOVE.. 12. What is GSTR 1? A) Details of Inward Supply. B) Details of Outward Supply. C) Sales Register. D) Purchase Register. Show Answer Correct Answer: B) Details of Outward Supply. 13. Threshold limit for composition levy scheme A) 1 crore. B) 1.5 crore. C) Both. D) None of above. Show Answer Correct Answer: B) 1.5 crore. 14. What is the due date for filing GSTR-3B? A) 20th of subsequent month. B) 12th of subsequent month. C) End of the Same month. D) 15th of subsequent month. Show Answer Correct Answer: A) 20th of subsequent month. 15. Which GST is applicable when a good is sold in a different state? A) CGST. B) UGST. C) IGST. D) SGST. Show Answer Correct Answer: C) IGST. 16. India's GST is based on which country's model? A) Canada. B) UK. C) Italy. D) Japan. Show Answer Correct Answer: A) Canada. 17. Standard Rate of GST in India is/are ..... A) 12. B) 18. C) 12 and 18. D) None. Show Answer Correct Answer: C) 12 and 18. 18. GST Rate based on Product Rate is seen in ..... Industry A) Construction Industry. B) Apparel Industry. C) Food Industry. D) Entertainment Industry. Show Answer Correct Answer: B) Apparel Industry. 19. What is the year of first war of independence? A) 1875. B) 1857. C) 1947. D) 1922. Show Answer Correct Answer: B) 1857. 20. Maximum rate prescribed under UTGST/SGST? A) 14. B) 20. C) 28. D) 30. Show Answer Correct Answer: A) 14. ← PreviousNext →Related QuizzesFinance QuizzesIndian Polity QuizzesGst Council Quiz 1Gst Council Quiz 2Gst Council Quiz 3Gst Council Quiz 4Gst Council Quiz 6Gst Council Quiz 7Gst Council Quiz 8Gst Council Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books