Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Taxation 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 GST on services is charged under: Forward charge Reverse charge Both forward and reverse charge None of the above None Which of the following services is exempt from GST? Healthcare services Restaurant services Financial services Advertising services None GST on services is calculated based on: Value of the contract Transaction value Cost of goods sold Sale price None Which of the following is a taxable service under GST? Transport of goods by rail Renting of immovable property Legal services All of the above None GST on the service of renting a residential property is: Exempt Taxable at 18% Taxable at 12% Taxable at 5% None ITC is not available on: Goods used for personal consumption Capital goods used exclusively for taxable supplies Goods purchased for resale Input services used in export None Which form is used to claim ITC reconciliation? GSTR-2A GSTR-3B GSTR-9 GSTR-1 None ITC can be claimed by a registered dealer when: Goods or services are used for business purposes Goods are used for personal purposes Tax invoice is not available The supplier is unregistered None Which of the following is eligible for ITC? Construction of immovable property Motor vehicles for personal use Office stationery for business Membership of clubs None ITC is allowed on which type of tax? IGST CGST SGST All of the above None The place of supply for goods where the supplier and recipient are in the same state is: Location of the supplier Location of the recipient Place where goods are delivered Any of the above None For services related to immovable property, the place of supply is: Location of the service provider Location of the recipient Location of the immovable property Place where the agreement is signed None The place of supply for passenger transportation services is: The starting point of the journey The destination of the journey The location of the recipient Any of the above None The place of supply for goods imported into India is: Location of the supplier Place of business of the importer Customs port of clearance Place of delivery None The place of supply of goods, where goods are delivered to a third party on the direction of the buyer, is: Location of supplier Location of the buyer Location of the third party None of the above None Which of the following is taxed at 0% GST? Exported goods Fresh fruits and vegetables Both a and b None of the above None GST on gold jewelry is charged at: 3% 5% 12% 18% None What is the GST rate on restaurants not located in a 5-star hotel? 5% without ITC 12% with ITC 18% without ITC 28% with ITC None What is the GST rate on alcohol for human consumption? 5% 12% 18% Not applicable None The highest GST slab rate is: 18% 28% 40% 30% None A tax invoice must include: GSTIN of the supplier Description of goods/services HSN/SAC code All of the above None The time limit for issuing an invoice for goods supplied is: 10 days from the supply 30 days from the supply At the time of supply 45 days from the supply None Which of the following is a valid document under GST? Debit note Credit note Tax invoice All of the above None An unregistered person can issue a: Bill of supply Tax invoice Delivery challan Receipt voucher None A tax invoice is not mandatory for: Exempt supplies Taxable supplies Inter-state supplies Export supplies None The composition scheme is available to taxpayers whose turnover is less than: ₹50 lakhs ₹1 crore ₹1.5 crore ₹2 crore None The composition tax rate for manufacturers is: 1% 2% 5% 18% None The composition scheme is not available for: Traders Manufacturers Restaurants Service providers (except specific cases) None Under the composition scheme, the taxpayer must file: GSTR-4 GSTR-9C GSTR-3B GSTR-1 None Can a taxpayer under the composition scheme collect GST from customers? Yes No Only for inter-state sales Only for taxable goods None The GST Council makes decisions based on: Consensus Majority voting Central government’s approval State government’s approval None Which of the following is a non-taxable supply? Petroleum crude Alcohol for human consumption Electricity All of the above None The GST Council makes decisions based on: Consensus Majority voting Central government’s approval State government’s approval None GST was implemented in India on: April 1, 2017 July 1, 2017 October 1, 2017 January 1, 2018 None Who chairs the GST Council? The President of India The Prime Minister The Finance Minister The Chief Justice of India None GST replaced how many indirect taxes in India? 10 13 17 19 None Who is liable to pay tax under the reverse charge mechanism for services provided by a goods transport agency? Supplier of goods Recipient of services Transporter Consignee None Which of the following is true about GST? It is a destination-based tax It subsumes service tax and VAT It reduces cascading effect of taxes All of the above None Which of the following is not included in the definition of “supply” under GST? Barter Import Donation to a charity Sale None GST is applicable to: Goods only Services only Both goods and services Goods, services, and incomes 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!
