Test 906

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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

What is the highest GST rate applicable to goods and services?

12%

18%

28%

40%

None

Which committee decides the GST rates?

CBIC

RBI

GST Council

Income Tax Department

None

GST rates are classified under how many slabs?

None

Which of the following attracts a GST rate of 0%?

Salt

Alcohol

Petrol

Gold

None

Which of the following has the lowest GST rate of 5%?

Luxury cars

Packaged food items

Movie tickets above ₹100

Gold jewelry

None

In case of supply of goods, place of supply is?

Location of supplier

Location of recipient

Place where goods are delivered

None of the above

None

For international services, the place of supply is?

Location of supplier

Location of recipient

Both a & b

None of the above

None

If a supplier provides services to an SEZ unit, the supply is considered as?

Interstate supply

Intra-state supply

Taxable supply

None of the above

None

For passenger transportation services, the place of supply is?

Place where ticket is booked

Starting point of the journey

Ending point of the journey

None of the above

None

10.

If goods are supplied on board a ship or aircraft, the place of supply is?

Place of departure

Place of destination

First point of departure

None of the above

None

11.

E-way bill is mandatory for goods transported above a value of?

₹10,000

₹25,000

₹50,000

₹100,000

None

12.

Which of the following does NOT require an E-way bill?

Interstate supply

Intra-state supply above ₹50,000

Goods transported by rail

Goods transported within 10 km in the same state

None

13.

Validity of an E-way bill for a distance of 200 km is?

1 day

2 day

3 day

4 day

None

14.

Who is responsible for generating the E-way bill?

Supplier

Recipient

Transporter

Any of the above

None

15.

If an E-way bill is not generated when required, the penalty is?

₹10,000

₹25,000

₹50,000

100% of the tax amount

None

16.

GST Audit is required for businesses with an annual turnover exceeding?

₹1 crore

₹2 crore

₹5 crore

₹10 crore

None

17.

Which form is used for GST Audit?

GSTR-1

GSTR-9C

GSTR-3B

GSTR-4

None

18.

A GST audit can be conducted by?

Internal auditor

Chartered Accountant (CA) or Cost Accountant

GST officer

Any person

None

19.

Which authority is responsible for GST assessments?

GST Council

CBIC

Income Tax Department

RBI

None

20.

How long should GST records be maintained?

2 years

5 years

6 years

8 years

None

21.

The anti-profiteering authority under GST ensures that?

Businesses pass on tax benefits to consumers

GST refunds are processed on time

ITC is not misused

None of the above

None

22.

GST refund can be claimed within?

1 year

2 year

3 year

5 year

None

23.

Which form is used for GST refund application?

RFD-01

GSTR-1

GSTR-3B

ITC-04

None

24.

Which of the following cases is NOT eligible for a GST refund?

Export of goods

Inverted duty structure

ITC accumulated due to exempted supply

Tax paid by mistake

None

25.

Which authority processes GST refunds?

RBI

GST Council

CBIC

SEBI

None

26.

GST was implemented in India on?

1st April 2016

1st July 2017

1st January 2018

1st July 2018

None

27.

Which of the following is NOT a direct tax?

Income Tax

GST

Corporate Tax

Capital Gains Tax

None

28.

Which form is used for voluntary GST cancellation?

GST REG-01

GST REG-16

GST CMP-02

GSTR-10

None

29.

Which tax replaced Excise Duty?

VAT

GST

Service Tax

None of the above

None

30.

Which of the following is NOT a GST return form?

GSTR-6

GSTR-7

GSTR-8

ITC-01

None

31.

What is the penalty for not issuing an invoice under GST?

₹5,000

₹10,000 or tax amount, whichever is higher

₹25,000

No penalty

None

32.

If a person supplies goods without registration, what is the penalty?

₹10,000

10% of tax due or ₹10,000, whichever is higher

100% of tax due

No penalty

None

33.

What is the maximum late fee for not filing GSTR-3B?

₹5,000

₹10,000

₹25,000

₹50 per day

None

34.

Which of the following is NOT a GST offense?

Issuing fake invoices

Non-filing of GST returns

Maintaining proper records

Supplying goods without an invoice

None

35.

Who can opt for the GST Composition Scheme?

Large manufacturers

Small taxpayers with turnover up to ₹1.5 crore

Exporters

Service providers (except restaurants)

None

36.

What is the GST rate for manufacturers under the Composition Scheme?

0.5%

None

37.

A Composition Scheme taxpayer must file which return?

GSTR-1

GSTR-3B

GSTR-4

GSTR-9

None

38.

Under Reverse Charge Mechanism (RCM), who pays the GST?

Supplier

Recipient

Both Supplier & Recipient

None of the above

None

39.

Which of the following transactions is covered under RCM?

Sale of goods by a registered supplier

Import of services

Retail business transactions

None of the above

None

40.

RCM is applicable to which of the following cases?

Supply by an unregistered person to a registered person

Export of goods

Sale of capital goods

Sale of exempted goods

None

1 out of 4

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