Test 905

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Subject: Indirect Tax Laws and Practice

Total Number of Question: 40

Time: 41 Minutes

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Name

Phone No

Area Pin Code

Which of the following taxes was replaced by GST?

Service Tax

Excise Duty

VAT

All of the above

None

Which of the following is an indirect tax?

Income tax

Corporate tax

Excise duty

Wealth tax

None

Which Constitutional Amendment introduced GST in India?

101st

100th

97th

122nd

None

Which body governs GST in India?

RBI

SEBI

GST Council

CBIC

None

GST follows which type of taxation structure?

Multi-stage

Cascading

Direct

None of the above

None

How many types of GST are there in India?

None

Integrated GST (IGST) is levied on?

Intra-state supply

Inter-state supply

Local sales

None of the above

None

Who is liable to pay GST under the Reverse Charge Mechanism (RCM)?

Supplier

Recipient

Both Supplier & Recipient

Government

None

GST is applicable on the supply of?

Goods only

Services only

Both Goods & Services

None of the above

None

10.

Which of the following is outside the purview of GST?

Petroleum Products

Alcohol for human consumption

Electricity

All of the above

None

11.

The threshold limit for GST registration for goods in normal states is?

₹10 lakh

₹20 lakh

₹40 lakh

₹50 lakh

None

12.

GST Registration is mandatory for businesses with turnover exceeding?

₹20 lakh (Services)

₹40 lakh (Goods)

₹10 lakh (Special Category States)

All of the above

None

13.

Which of the following persons is NOT required to obtain GST registration?

Casual taxable person

Input service distributor

Agriculturist

E-commerce operator

None

14.

The composition scheme is available for taxpayers having an aggregate turnover of up to?

₹1 crore

₹1.5 crore

₹2 crore

₹5 crore

None

15.

A person eligible for composition scheme cannot supply?

Goods

Services

Interstate supply

None of the above

None

16.

Which form is used for monthly GST return filing?

GSTR-1

GSTR-3B

GSTR-9

GSTR-4

None

17.

Which form is used for annual return under GST?

GSTR-9

GSTR-1

GSTR-2

GSTR-7

None

18.

Due date for filing GSTR-3B is?

10th of next month

20th of next month

25th of next month

30th of next month

None

19.

GST payments can be made through?

Electronic Cash Ledger

Electronic Credit Ledger

Both a & b

None of the above

None

20.

GST return filing is mandatory even if there is no business activity in a month?

Yes

None

21.

ITC can be claimed on?

Personal expenses

Motor vehicle for personal use

Business purchases

None of the above

None

22.

ITC is not allowed for?

Hotel accommodation for employees

Food & beverages

Health insurance

All of the above

None

23.

Time limit to avail ITC for a financial year?

31st March of the following year

30th September of the following year

31st December of the following year

30th June of the following year

None

24.

Which form is used for claiming ITC reconciliation?

GSTR-1

GSTR-2B

GSTR-3B

GSTR-9

None

25.

Penalty for late filing of GST return is?

₹50 per day

₹100 per day

₹150 per day

₹250 per day

None

26.

Who has the power to audit GST compliance?

GST Council

CBIC

State Tax Officer

Both b & c

None

27.

Which of the following attracts an 18% GST rate?

Hotel services

Alcoholic beverages

Education services

None of the above

None

28.

Which tax system existed before GST?

VAT

Service Tax

Excise Duty

All of the above

None

29.

GST is levied on the basis of?

Cost Price

Market Price

Transaction Value

None of the above

None

30.

Which of the following is NOT included in the transaction value for GST?

Freight charges

Interest on delayed payment

Subsidy from the Central Government

Packing charges

None

31.

Which of the following services is exempt from GST?

Banking Services

Healthcare Services

Transportation of Goods

Legal Services

None

32.

Which of the following is taxable under GST?

Export of services

Sale of agricultural produce

Educational services by recognized institutions

Renting of commercial property

None

33.

GST is not applicable to which of the following?

Petroleum products

Alcohol for human consumption

Electricity

All of the above

None

34.

Which Act governs Customs Duty in India?

Customs Act, 1962

Excise Act, 1944

GST Act, 2017

Income Tax Act, 1961

None

35.

The tax levied on the import of goods is called?

Excise Duty

Custom Duty

GST

Sales Tax

None

36.

Which of the following duties is NOT a part of Customs Duty?

Basic Customs Duty

Countervailing Duty (CVD)

Special Additional Duty (SAD)

Wealth Tax

None

37.

Anti-dumping duty is imposed to?

Promote dumping of goods

Protect domestic industries

Encourage import of cheap goods

None of the above

None

38.

Which of the following is NOT a type of Customs Duty?

Safeguard Duty

Export Duty

IGST

Protective Duty

None

39.

Which of the following is levied on the value of imported goods including insurance and freight charges?

Basic Customs Duty

Integrated GST

Countervailing Duty

Special Additional Duty

None

40.

Which of the following is NOT considered as supply under GST?

Sale of goods

Barter

Donation without consideration

Lease of property

None

1 out of 4

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