Test 903 Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Indirect Tax Laws and Practice Total Number of Question: 40 Time: 41 Minutes Please check your email after completion of test for result. All the best... Name Phone No Email Area Pin Code 1. Under GST, which of the following is treated as "supply of goods"? Renting of immovable property Transfer of title in goods Transfer of right to use goods Temporary transfer of intellectual property rights None 2. Which of the following services is exempt from GST? Services by an educational institution up to higher secondary Legal services provided by senior advocates Supply of motor vehicles for personal use Renting of residential property for commercial use None 3. The threshold turnover limit for GST registration in services is: ₹10 lakhs ₹20 lakhs ₹40 lakhs ₹75 lakhs None 4. Under customs law, which duty is levied to protect domestic industries from imports at subsidized prices? Basic Customs Duty Countervailing Duty Safeguard Duty Anti-Dumping Duty None 5. What is the maximum penalty for fraudulently availing input tax credit under GST? 50% of tax due 100% of tax due 10% of tax due 25% of tax due None 6. Which of the following goods is subject to the highest GST rate of 28%? Gold jewelry Aerated drinks Packaged food items Footwear None 7. In the case of reverse charge mechanism under GST, who is liable to pay the tax? Supplier of goods Recipient of goods or services GST department Freight forwarder None 8. Under which schedule of the GST Act are the activities deemed as neither supply of goods nor supply of services? Schedule I Schedule II Schedule III Schedule IV None 9. The validity of an e-way bill is determined by the: Type of goods transported Mode of transportation used Distance covered Value of goods transported None 10. What is the time limit for claiming input tax credit under GST? One year from the date of invoice Before the filing of the annual return or September of the next financial year, whichever is earlier Six months from the date of supply Two years from the date of invoice None 11. GST is levied on the supply of: Goods only Services only Both goods and services Goods and services only for export None 12. What type of tax is GST? Direct tax Indirect tax Capital gains tax Income tax None 13. What is the GST rate applicable on basic food grains? 0% 5% 12% 18% None 14. GST compensation cess is levied on: Alcohol Tobacco products and luxury items Agricultural products Educational services None 15. GST is governed by which constitutional amendment? 100th 101st 102nd 103rd None 16. Which of the following is ineligible for claiming ITC under GST? Goods used for personal consumption Raw materials used in production Machinery used for manufacturing Services for business purposes None 17. ITC can be claimed on: Goods purchased for resale Goods given as gifts to employees Motor vehicles for personal use Membership fees for clubs None 18. The time limit to avail ITC is: One year from the date of invoice Six months from the date of invoice Before the due date for filing the annual return or September of the next financial year, whichever is earlier Two years from the date of invoice None 19. ITC can be utilized in which order? IGST → SGST → CGST IGST → CGST → SGST ASGST → CGST → IGST CGST → SGST → IGST None 20. ITC is not available for which of the following? Goods destroyed by fire Goods sold to another state Goods used in production Goods supplied on a consignment basis None 21. Registration under GST is mandatory if the turnover exceeds: ₹10 lakhs ₹20 lakhs ₹40 lakhs ₹50 lakhs None 22. Composition scheme under GST is not available for: Manufacturers Restaurants Service providers (other than restaurant services) Dealers of goods None 23. Casual taxable persons need to register for GST: Only if turnover exceeds ₹40 lakhs Compulsorily, irrespective of turnover Only for interstate sales Only for export supplies None 24. GST registration number (GSTIN) consists of how many digits? 10 12 15 20 None 25. A person is required to register for GST within how many days of becoming liable? 7 days 15 days 30 days 60 days None 26. The value for customs duty is determined based on: Maximum retail price Transaction value Production cost CIF value None 27. The duty levied to counteract subsidies provided by exporting countries is called: Safeguard duty Anti-dumping duty Countervailing duty Basic customs duty None 28. Which of the following is not included in assessable value for customs duty? Insurance charges Packing charges Freight charges Post-importation expenses None 29. IWhich form is used for filing a bill of entry? Form GSTR-1 Form GSTR-3B Form ITR-1 Bill of Entry Form I, II, II None 30. Duty-free goods brought by passengers within permissible limits are classified as: Restricted goods Dutiable goods Baggage Export goods None 31. GSTR-1 is used for: Monthly summary returns Reporting outward supplies Reporting inward supplies Annual return None 32. Which return is filed to claim the refund of GST? GSTR-1 GSTR-3B RFD-01 GSTR-9 None 33. Late fees for delayed filing of GST returns is: ₹50 per day for CGST and SGST each ₹20 per day for CGST and SGST each ₹100 per day for CGST and SGST each ₹10 per day for CGST and SGST each None 34. The due date for filing GSTR-9 (Annual Return) is: 31st March of the next financial year 31st December of the next financial year 30th September of the next financial year 30th June of the next financial year None 35. Which return is filed for TDS under GST? GSTR-2 GSTR-7 GSTR-9 GSTR-8 None 36. The tax on inter-state supply is: SGST CGST IGST None of the above None 37. Which is the highest GST slab rate? 18% 28% 40% 50% None 38. Place of supply for services related to immovable property is determined as: Location of supplier Location of recipient Location of immovable property Place of agreement None 39. Which authority resolves disputes under GST? GST Council Advance Ruling Authority National Company Law Tribunal Income Tax Appellate Tribunal None 40. The penalty for non-registration under GST is: ₹5,000 10% of tax due or ₹10,000, whichever is higher ₹10,000 No penalty None 1 out of 4 Great job on taking the INCOC Test! We appreciate your interest in test. Look out for results and future opportunities. Stay Connected !! Your quiz time is about to finish. Few seconds left. Time's upYou cannot switch tabs while taking this quiz!You are not allowed to switch tabs violation has been recorded.you cannot minimize full screen mode!You are not allowed to minimize full screen while taking this quiz, violation has been recorded.Access denied! 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