Test 303

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Subject: Direct and Indirect Taxation

Total Number of Question: 40

Time: 41 Minutes

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Name

Phone No

State

What is the threshold limit for GST registration for service providers in India?

₹10 lakh

₹20 lakh

₹30 lakh

₹40 lakh

None

Which of the following taxes were subsumed into GST?

Income tax

Excise duty

Custom duty

Professional tax

None

Which of the following is not a type of GST in India?

FGST

SGST

CGST

FGST

None

Who is considered the first point of contact for GST assessment?

Supplier

Buyer

GST Practitioner

GST Officer

None

GST is applicable on which type of supply?

Intra-state only

Inter-state only

Both intra-state and inter-state

None of the above

None

What is the maximum time limit to avail input tax credit (ITC)?

3 months from the date of invoice

1 year from the date of invoice

Before filing September return of the next financial year

None of the above

None

Which form is used for filing annual GST returns?

GSTR-3B

GSTR-9

GSTR-4

GSTR-1

None

What is the maximum penalty for delay in filing GST returns?

₹50 per day

₹100 per day

₹200 per day

No penalty

None

Which schedule in GST law describes activities that are treated neither as a supply of goods nor services?

Schedule I

Schedule II

Schedule III

None of the above

None

10.

Composite supply includes:

Two or more taxable supplies bundled together

Only exempted supplies

Only taxable supplies

None of the above

None

11.

Under GST, the reverse charge mechanism applies to:

Imports

Exports

Inter-state transactions

Supply to unregistered dealers

None

12.

Which of the following is not a direct tax?

GST

Income Tax

Corporate Tax

Wealth Tax

None

13.

IGST is levied on:

Inter-state supplies

Intra-state supplies

Both a and b

None of the above

None

14.

What does HSN stand for in GST?

Harmonized System of Numbers

Harmonized System of Nomenclature

Harmonized Sales Number

Harmonized Sales Nomenclature

None

15.

Which form is used to claim a refund under GST?

GSTR-3B

RFD-01

GSTR-1

GSTR-4

None

16.

Under the composition scheme, the rate for manufacturers is:

0.5%

None

17.

What is the full form of SAC in GST?

Service Account Code

Service Amount Code

Service Accounting Code

Service Auditing Code

None

18.

The due date to file GSTR-3B for a regular taxpayer is:

10th of the next month

15th of the next month

20th of the next month

25th of the next month

None

19.

*Which of the following is not eligible for input tax credit?

Goods used for personal consumption

Goods used for business purpose

Inputs for production

Input services

None

20.

The term 'Exempt Supply' means:

Supply taxable at zero percent

Supply not chargeable to tax

Supply outside the GST scope

None of the above

None

21.

What is the penalty for minor offenses under GST?

5% of tax due

10% of tax due

20% of tax due

25% of tax due

None

22.

GST was implemented in India on:

April 1, 2017

July 1, 2017

October 1, 2017

January 1, 2018

None

23.

Which section of the CGST Act deals with the time of supply of goods?

Section 12

Section 13

Section 14

Section 15

None

24.

Anti-profiteering measures under GST aim to ensure that:

Businesses retain their profits

Benefits of tax reduction reach the consumer

Tax rates remain constant

None of the above

None

25.

*For inter-state supply of services, which type of GST is applicable?

CGST only

SGST only

IGST

UTGST

None

26.

Which schedule defines activities treated as supply even without consideration?

Schedule I

Schedule II

Schedule III

None of the above

None

27.

Which of the following forms is used for composition dealers to file returns?

GSTR-1

GSTR-4

GSTR-3B

GSTR-9

None

28.

The validity period of an e-way bill is:

24 hours

48 hours

Depends on the distance

None of the above

None

29.

What is the maximum GST rate applicable in India?

18%

20%

28%

30%

None

30.

Under which section of the CGST Act can the Commissioner authorize provisional attachment of property for protecting revenue?

Section 80

Section 83

Section 85

Section 87

None

31.

What is the time limit for issuance of a tax invoice for the supply of services under GST?

Within 30 days from the date of supply

Within 45 days from the date of supply

On the same day as the supply

Before filing the next GSTR

None

32.

Which of the following is not considered an export of goods under GST?

Goods sent out of India for repair

Goods sent out of India for sale

Goods sold to a foreign buyer

All goods leaving India

None

33.

The GST Council in India is chaired by:

The Finance Minister of India

The Prime Minister of India

The President of India

The Reserve Bank Governor

None

34.

What is the time limit for issuance of a credit note related to a supply in GST?

Before filing the next return

By 30th September following the end of the financial year

Within 6 months from the date of supply

Anytime within the same financial year

None

35.

Which of the following goods are not covered under GST?

Alcoholic liquor for human consumption

Petroleum crude

Electricity

All of the above

None

36.

Which form is used to apply for GST registration?

GST REG-01

GST REG-03

GST REG-05

GST REG-10

None

37.

Which tax is levied on imports into India?

CGST

IGST

SGST

None of the above

None

38.

What does the term 'Input Service Distributor' mean in GST?

A person who distributes credit for goods

A person who distributes credit of input tax for services

A person who collects tax on behalf of the government

None of the above

None

39.

The GST return that must be filed monthly for outward supplies is:

GSTR-1

GSTR-2A

GSTR-3B

GSTR-4

None

40.

What does RCM stand for in GST?

Revenue Collection Mechanism

Reverse Charge Mechanism

Refund Claim Management

Return Compliance Management

None

1 out of 4

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