Quiz 4 Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Goods and Service Tax 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 State 1. Under GST, what is the threshold limit for mandatory registration for service providers in India? INR 10 lakh INR 20 lakh INR 40 lakh INR 50 lakh None 2. Which form is used for filing annual returns under GST for regular taxpayers? GSTR-1 GSTR-9 GSTR-3B GSTR-4 None 3. Which of the following supplies are considered as zero-rated under GST? Export of goods Supply to SEZ units Both A and B Supply of alcohol None 4. Under GST, which section defines 'composite supply'? Section 2(30) Section 8 Section 2(56) Section 12 None 5. What is the maximum penalty for failure to issue an invoice as per GST law? INR 10,000 INR 25,000 INR 50,000 INR 1,00,000 None 6. Which of the following input tax credit is not allowed under GST? Purchase of raw materials Purchase of motor vehicles (not used for transportation business)s Purchase of capital goods Purchase of IT services None 7. Which form is used to avail refund of GST paid on exports? RFD-01 GSTR-2 GSTR-3B RFD-11 None 8. Which of the following transactions are treated as supply even without consideration under GST? Import of services by a related person Sale of old machinery Barter transaction Goods on loan None 9. What is the time limit for availing input tax credit for a financial year? Due date of GSTR-3B for September of the following financial year Due date of GSTR-1 for March of the following financial year 31st December of the following financial year 30th June of the following financial year None 10. What is the GST rate on health care services provided by a clinical establishment? 5% 12% 18% Exempt None 11. What is the composition scheme turnover limit for manufacturers under GST? INR 50 lakh INR 75 lakh INR 1.5 crore INR 2 crore None 12. Which GST form is used by non-resident taxable persons for registration? GST REG-01 GST REG-09 GST REG-10 GST REG-11 None 13. Which type of supply involves the transfer of business assets under GST? Exempt supply Mixed supply Composite supply Deemed supply None 14. What is the rate of interest for delayed payment of GST? 12% per annum 15% per annum 18% per annum 24% per annum None 15. Which authority has the power to levy IGST? Central Government State Government Both Central and State Governmentsty Local Authority None 16. Under GST, which of the following transactions is classified as 'interstate supply'? Supply within the same state Supply between two states Supply between two different cities Supply within a union territory None 17. Which section of the CGST Act defines 'reverse charge'? Section 2(98) Section 7 Section 9(3) Section 12 None 18. How long must a taxpayer retain their GST-related books and records? 3 years 5 years 6 years 8 years None 19. Which form is used to communicate a demand for tax, penalty, or interest under GST? GST DRC-01 GST DRC-03 GST CMP-02 GST PMT-06 None 20. The term 'Inverted Duty Structure' under GST refers to which scenario? When input tax rate is higher than output tax rate When input tax rate is lower than output tax rate When there is no output tax liability None of the above None 21. Which of the following is ineligible for claiming GST input tax credit? Inputs used for making taxable supplies Goods given as free samples Capital goods used for business Input services used in the factory None 22. How is 'consideration' defined under GST law? Money paid for goods or services Any payment made voluntarily Payment in money or otherwise for the supply A donation to a charitable organization None 23. Who is liable to pay GST in case of reverse charge? Supplier Recipient Both Supplier and Recipient GST Council None 24. Which of the following documents is required for the movement of goods under GST? Delivery Challan e-Way Bill Tax Invoice Debit Note None 25. What is the time limit for issuance of a tax invoice for services? 30 days from the date of supply 45 days from the date of supply 60 days from the date of supply 15 days from the date of supply None 26. What is the GST rate for essential goods like food grains? 0% 5% 12% 18% None 27. Which section deals with the determination of the place of supply of services? Section 10 Section 11 Section 12 Section 13 None 28. What is the due date for payment of tax under the GST composition scheme? 15th of the following month Last day of the following month 18th of the following month Quarterly None 29. Which of the following services is not eligible for the composition scheme under GST? Restaurant services Health care services IT consulting services Both B and C None 30. What is the full form of HSN code in GST? Harmonized System of Nomenclature Harmonized Services Number Hybrid System Number Harmonized Stock Nomenclature None 31. In case of delayed filing of GSTR-3B, what is the late fee per day for CGST? INR 25 INR 50 INR 100 INR 200 None 32. Which of the following is a GST compliance rating score? 1 to 5 0 to 100 1 to 10 A to F None 33. Who issues an Advance Ruling under GST? Central Government State Government Advance Ruling Authority GST Council None 34. What is the GST rate for lottery tickets? 12% 18% 28% 5% None 35. For which type of supply is a Bill of Supply issued? Taxable supply Composite supply Exempt supply Deemed supply None 36. Under which section is the concept of 'mixed supply' defined? Section 2(74) Section 7 Section 9 Section 12 None 37. What is the GST rate for the renting of residential dwellings for use as residence? Exempt 5% 12% 18% None 38. Who is the chairperson of the GST Council? Finance Se Secretary President of India Union Finance Minister Prime Minister None 39. How often is GSTR-4 filed by taxpayers under the composition scheme? Monthly Quarterly Annually Half-yearly None 40. Which rule specifies the anti-profiteering measures under GST? Rule 122 Rule 123 Rule 124 Rule 129 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! To begin the quiz, please grant this quiz access to your camera.Time is Up!Time is Up!
