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Multiple choice questions on GST India
GST quiz

Multiple choice questions on GST India

Multiple choice questions on GST India

GST Quiz

GST

GST

Q1. Detail of outward supplies shall include

a) Invoice

b) Credit and debit notes

c) Revised invoice in relation to outward supplies

d) All the above

q.2. Detail of inward supplies shall include

  1. inward supplies of goods and services communicated in form GSTR 2 A
  2. Inward supplies in respect of which tax is payable under reserve charge mechanism
  3. Inward supplies of goods and services not declared by suppliers
  4. all of the above

Q 3.  Which of the following taxes leviable on an intra-State transaction?
a) CGST
b) SGST
c) BOTH OF ABOVE
d) IGST
Q 4:The maximum rate prescribed under IGST is
a) 14%
b) 28%
c) 26%
d   20%
Q 5  Supply includes which of the following?
(a) Goods
(b) Services
(c) Goods or Services
(d) Goods and Services
(e) Goods and / or Services

Q 6 Which of the following requires amendment in the registration certificate?

(a) Change of name of the registered person
(b) Change in constitution of the registered person
(c) Switching over form composition scheme to normal scheme or vice versa.
(d) All the above

Q 7..

What is the validity period of the registration certificate?
(a) One year
 (b) Ten years
 (c) Valid till it is cancelled.
 (d) Five years.

 

Q 8. Which of the following taxes leviable on Imports?

(a) CGST
(b) SGST
(c) IGST

Q 9. What is the threshold limit of turnover for opting composition scheme under GST?

(a) Rs 20 lacs
(b) Rs 10 lacs
(c) Not exceeding Rs 50 lacs
(d) None of the above

Q 10 .What is the rate applicable for a composition dealer, being a manufacturer?

(a) Not exceeding 2.5%
(b) 5%
(c) 0%
(d) No composition for manufacturer

Q 11. What is the rate applicable for a composition dealer, being a person other than a manufacturer?
(a) Not exceeding 1%
(b) 2%
(c) 0%
(d) None of the above

Q12. Taxable persons are eligible to opt for composition scheme only for one out of 3 business verticals?

(a) Yes
(b) No
(c) Central/State Government to decide

q 13.Can the taxable person under Composition Scheme claim input tax credit?
(a) Yes
(b) No
(c) Yes , only in some Cases
d) cant say

Q 14.  Within how many days a person should apply for registration?

 (a) Within 60 days from the date he becomes liable for registration.
 (b) Within 30 days from the date he becomes liable for registration.
(c) No Time Limit
 (d) Within 90 days from the date he becomes liable for registration.
Q 15.
Which of the following requires amendment in the registration certificate?
(a) Change of name of the registered person
(b) Change in constitution of the registered person
(c) Switching over form composition scheme to normal scheme or vice versa.
(d) All the above
Q 16.
The validity period of the registration certificate issued to casual taxable person and non-resident taxable person is
(a) 90 days from the effective date of registration
 (b) Period specified in the application for registration
 (c) Earliest of (a) or (b) above
 (d) 180 days from the effective date of registration
Q 17. What is the validity period of the registration certificate?
(a) One year
 (b) Ten years
 (c) Valid till it is cancelled.
 (d) Five years.
Q 18.
PAN issued under the Income Tax Act is mandatory for grant of registration.
 (a) It is one of the documents listed.
 (b) Yes, but non-resident taxable person may be granted registration on the basis of any other document.

 (c) No, persons who are required to deduct tax at source u/s 46 shall have TAN in lieu of PAN.

(d) Both (b) and (c)
Q 19.
Which of the following are considered for calculating the aggregate turnover under Composition scheme
(a) Taxable supplies
(b) Exempt Supplies
(c) Both the above
(d) Non-taxable supplies
Q 20.
Should a person dealing exclusively in the supply of exempted / not taxable goods/services be required to obtain registration
(a) Yes
 (b) No
 (c) Can’t say
 (d) Government to decide
Q 21.
What is cut off turnover limit for compulsory registration under GST?
a) Rs 9 lacs
(b) Exceeds Rs 20 lacs
(c) Rs 50 lacs
(d) No limit for registration
Q 22.
Can Composition tax be collected from Customers?
(a) Yes
(b) No
(c) Central/State Government to decide
Q 23.
Can the customer who buys from a taxable person covered by the composition scheme claim composition tax as input credit?
a) Yes
 (b) No
 (c) Central/State Government to decide
24. Who could be responsible to pay the GST?
a)Person supplying
(b) Person receiving
 (c) Both the above
 (d) None
Q 25.
The details of outward supplies of goods or services shall be submitted by
(a) 10th of the succeeding month
(b) 18th of the succeeding month
(c) 15th of the succeeding month
(d) 20th of the succeeding month
Q 26.
Every registered taxable person shall be entitled to take credit of input tax in his return and such input tax credit shall be credited to
(a) Personal Ledger Account
(b) Refund account
(c) Electronic Cash Ledger
(d) Electronic Credit Ledger
Q 27.
The due date for furnishing the annual return for every financial year by registered taxable person
a )30th of September following the end of the financial year
(b) 20th of October following the end of the financial year
(c) 31st of December following the end of the financial year
(d) 31st of May following the end of the financial year
Q 28
A tax return preparer can undertake the following activities if authorized by the taxable person
  a )Furnish details inward and outward supplies
 (b) Furnish monthly / quarterly return
 (c) Furnish Annual and Final return
 (d) All of the above
Q 29
The final return shall be filed by the registered taxable person within
 a)  3 months of the date of cancellation
 (b) 3 months of the date of order of cancellation
 (c) 1 month of the date of order of cancellation
 (d) Latter of (a) and (b)
Q 30
The annual return shall be filed by the registered taxable person (other than composition suppliers) in Form
a) GSTR 7
(b) GSTR 9
(c) GSTR 9A
(d) GSTR 10
Q 31.
Every registered taxable person who is required to get his accounts audited under Section 53(4) shall furnish electronically
a)Annual return
(b) Audited copy of annual accounts
(c) Reconciliation statement reconciling the value of supplies declared in the return and the financial statement
(d) All the above
Q 32
The discrepancy pointed out in GST ITC 1 with regard to excess input tax credit claimed has not been rectified by the supplier as well as the recipient then the excess input tax credit is
A) Added to the output tax liability of the recipient
(b) Added to the output tax liability of the supplier
(c) Added 50% -505 in Supplier/recipient
(d) None of above
Q 33.
If Input credit claimed by recipient is more than the output tax declared by the supplier or if the supplier has not declared the outward supply, then
a) The excess amount claimed as input is added to the output tax liability of the recipient
(b) The discrepancy is communicated in GST ITC -1 to both the supplier and receiver
(c) The excess amount claimed as input is added to the output tax liability of the supplier
(d) The supplier is given an opportunity of being heard
Q 34.
The details of inward supply furnished by the registered taxable person shall be matched with
a) Corresponding details of outward supply furnished by the corresponding taxable person.
b)  Additional duty of customs paid under section 3(5) of the Customs Tariff Act, 1975
c)  For duplication of claims of input tax credit
d) All the above
Q 35.
The First return shall be filed by every registered taxable person for the period from
a) The date on which he became liable for registration till the date of grant of registration
b) The date of registration to the last day of that month
c) The date on which he became liable for registration till the last day of that month

d) All of the above

 Q .36.
Forms GSTR 3, GSTR 4 and GSTR 6 filed can be rectified on the grounds of
a)  Any omission or incorrect particulars
b)Omission or incorrect particulars found during audit/ scrutiny/ inspection
c) Any omission or incorrect particulars other than (b) above
d) Not applicable (such Forms cannot be rectified)
Q 37.
The person deducting tax at source shall deposit such amount by
a) 18th of the succeeding month
b) 20th of the month succeeding the quarter
c) 17th of the succeeding month
d) 10th of the succeeding month
Q 38.
The certificate of details of tax deducted by the deductor shall be furnished to the deductee in Form
a) GSTR 7
b) GSTR 7A
 c) GSTR 2A
d) GSTR 1A
Q 39.
Every tax payer paying tax under Section 9 (composition levy) shall file the return in
a) Form GSTR 3 by 18th of the month succeeding the quarter
b) Form GSTR 4 by 18th of the month succeeding the quarter
c) Form GSTR 4 by 18th of the succeeding month

d) Form GSTR 4 by 20th of the month succeeding the quarter

q 40.

The details of inward supplies of goods or services in Form GSTR 2 shall be submitted by

a) 10th of the succeeding month

b) 18th of the succeeding month

 c) 15th of the succeeding month
d) 20th of the succeeding month
 q 41.
The details of outward supplies of goods or services shall be submitted by
 a) 10th of the succeeding month
b) 18th of the succeeding month
c) 15th of the succeeding month
d) 20th of the succeeding month
Q 42
The details submitted by the outward supplier in Form GSTR 1 shall be furnished to the recipient (not being a composition supplier) in Form
a)  GSTR 4A
b)  GSTR 5A
c)  GSTR 2A
d)  GSTR 6A

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