This quiz works best with JavaScript enabled. Home > Indian Polity > Finance > Gst > Gst Council – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Gst Council Quiz 9 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In Accounting software ..... classify to their nature. A) Group. B) Ledgers. C) Vouchers. D) Entries. Show Answer Correct Answer: A) Group. 2. On Import of Goods & Services Which GST is applicable: A) SGST. B) CGST. C) IGST. D) UTGST. Show Answer Correct Answer: C) IGST. 3. When the goods and services are sold for Rs. 15000 under intra-state transaction from station A to a station B and the rate of GST is 12%, then C.P. at station B will be Rs. A) Rs. 15000. B) Rs. 16800. C) Rs. 13200. D) Rs. 14000. Show Answer Correct Answer: B) Rs. 16800. 4. Can we see Percentage wise sales and purchase in GSTR-3B report? A) Yes. B) No. C) . D) None of above. Show Answer Correct Answer: A) Yes. 5. A special purpose vehicle ..... has been launched to cater the needs of GST. A) GSTC. B) GSTN. C) GSTM. D) GSTR. Show Answer Correct Answer: B) GSTN. 6. Debit note is issued: A) GST & /Or Value less charged. B) Purchase Return. C) All. D) None of above. Show Answer Correct Answer: C) All. 7. Due to the present situation of Covid-19 the filling of GSTR-1 and GSTR-3B for February, March and April 2020 is extended to A) Last week of June 2020. B) Last week of May 2020. C) Last Week of July 2020. D) No relaxation announced. Show Answer Correct Answer: A) Last week of June 2020. 8. After exporting GSTR-3B in excel utility some value are appearing as "#Value" , why? A) Need to check whether the Tally folder is added in Trusted Location. B) The value will not appear if there are decimal places. C) Need to check whether the Excel utility is corrupted and download the utility freshly. D) Need to check and select the Keyboard language as "English India" from the Control Panel>> Region and Language. Show Answer Correct Answer: D) Need to check and select the Keyboard language as "English India" from the Control Panel>> Region and Language. 9. What is the time of supply of service in case of reverse charge mechanism? A) Date on which payment is order to supplier. B) Date immediately following 60 days from the date of issue of invoice. C) Date of invoice. D) Earlier of A and B. Show Answer Correct Answer: D) Earlier of A and B. 10. ABC Ltd of Mumbai supplied goods to XYZ Ltd of Delhi under a contract for the goods to be delivered at the factory of the buyers. Goods removed from the factory of ABC Ltd on 19.08.2018 and were delivered in the factory of XYZ Ltd. Of Delhi on 26.08.2018. Invoice for the supplies were raised by ABC Ltd on 18.08.2018. Payment of the bill was received on 20.09.2018. The time of supply in this case under GST should be taken as? A) 19.08.2018. B) 16.08.2018. C) 18.08.2018. D) 20.09.2018. Show Answer Correct Answer: A) 19.08.2018. 11. In which year GST was imposed in India? A) July 2016. B) July 2017. C) July 2018. D) July 2019. Show Answer Correct Answer: B) July 2017. 12. Indian GST Model has how many rate structures A) 2. B) 3. C) 4. D) 5. Show Answer Correct Answer: C) 4. 13. Kamal has supplied goods to Mr.X on 24.12.2017. The invoice had already been raised on 22.12.2017. Mr.X had paid the due amount on 29.12.2017. The receipt was entered into in the books of account by Kamal on 30.12.2017. But the same was credited in his bank account on 02.01.2018. In this case, the time of supply shall be? A) 22.12.2017. B) 30.12.2017. C) 02.01.2018. D) 25.12.2017. Show Answer Correct Answer: A) 22.12.2017. 14. Goods bought by ABC Ltd. Banguluru from XYZ Ltd. of Haryana. which GST will be imposed on the above transaction? A) CGST. B) SGST. C) IGST. D) All. Show Answer Correct Answer: C) IGST. 15. Which Deduction is allowed from transaction value? A) Trade Discount. B) Cash Discount. C) Both discounts:Trade & Cash. D) None of above. Show Answer Correct Answer: C) Both discounts:Trade & Cash. 16. FINANCE MINISTRY IS HEADED BY A) NIRMALA SITARAMAN. B) AMIT SHAH. C) PRANAV MUKHERJEE. D) NARENDRA MODI. Show Answer Correct Answer: A) NIRMALA SITARAMAN. 17. Goods & Services Tax is tax on: A) Supply of Goods. B) Supply of Services. C) Supply of Goods & /or Services. D) Production of Goods. Show Answer Correct Answer: C) Supply of Goods & /or Services. 18. Can GSTR-3B returns revised after submitting the return? A) GST returns cannot be revised. The mistake made in a return can be rectified in the subsequent return. B) Yes, GSTR-B can be revised after submitting from before. C) It is not possible to revise GSTR-3B once filed. But Government has now allowed to 'Reset GSTR 3B' through which the status of 'Submitted' will be changed to 'Yet to be Filed', and all the details filled in the return will be available for editing. D) No, once filed Cannot be Modified Ever. Show Answer Correct Answer: C) It is not possible to revise GSTR-3B once filed. But Government has now allowed to 'Reset GSTR 3B' through which the status of 'Submitted' will be changed to 'Yet to be Filed', and all the details filled in the return will be available for editing. 19. Goods sold from Mumbai to Pune is the example of ..... A) GST. B) CGST. C) IGST. D) None. Show Answer Correct Answer: B) CGST. 20. GSTIN is a ..... digit PAN based registration number. A) 25. B) 10. C) 15. D) 5. Show Answer Correct Answer: C) 15. ← 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