Test 304 Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Direct and Indirect TaxationTotal Number of Question: 40Time: 41 MinutesPlease check your email after completion of test for result.All the best... Name Phone No Email State 1. Under the customs law, 'basic customs duty' is levied on goods at the rate specified in: GST tariff Customs tariff Income tax act None of the above None 2. The tax collected on goods imported from outside India is: IGST CGST SGST Import duty None 3. Which of the following taxes was not merged into GST? Central excise duty Customs duty Service tax VAT None 4. Which form is used to provide details of outward supplies of goods or services in GST? GSTR-2 GSTR-2A GSTR-1 GSTR-4 None 5. *What is the rate of GST on gold jewelry? 3% 5% 12% - 18% None 6. In case of exports under GST, the tax rate applied is: 5% 12% 18% 0% None 7. The customs valuation is done based on: Purchase price Retail price in India CIF (Cost, Insurance, and Freight) value None of the above None 8. Under GST law, a taxable person can claim input tax credit on capital goods if: They are used exclusively for personal purposes They are used exclusively for business purposes They are donated None of the above None 9. In customs duty, goods can be cleared under which type of bill? Bill of Exchange Bill of Entry Bill of Tax Bill of Sale None 10. A person paying tax under the composition scheme cannot: Charge tax to customers File returns quarterly Claim ITC Both a and c None 11. What is the validity period of a GST registration certificate for a regular taxpayer? 1 year 2 years 5 years Permanent unless canceled None 12. Which of the following is considered as 'zero-rated supply' under GST? Exports Supplies to SEZ (Special Economic Zone) Both a and b None of the above None 13. In the case of reverse charge under GST, the liability to pay tax is on the: Supplier Recipient Both supplier and recipient Either of the above None 14. Which of the following is not included in the valuation of supply under GST? Price actually paid Discounts after supply Taxes other than GST Incidental expenses charged before supply None 15. What is the time limit for issuing a debit note under GST? No time limit Within 30 days of supply Within the same financial year Before filing the annual return None 16. Which of the following forms is used for the final return in GST if the registration is canceled? GSTR-9 GSTR-10 GSTR-11 GSTR-12 None 17. An e-way bill is not required for transporting goods if the value of goods is below: ₹10,000 ₹25,000 ₹50,000 ₹1,00,000 None 18. Which of the following activities would be considered a 'supply' under GST? Personal use of business assets without charge Donation of business assets to charity Sale of goods All of the above None 19. Which of the following is not eligible for the composition scheme under GST? Service providers (other than restaurants) Traders of goods Manufacturers Restaurants (non-alcoholic) None 20. Which form is used by an Input Service Distributor (ISD) to file returns under GST? GSTR-1 GSTR-2A GSTR-6 GSTR-8 None 21. Under customs law, the 'assessable value' is used to calculate: Income tax Import duty Goods and services tax Corporate tax None 22. Which of the following is the rate of customs duty for goods imported for charitable purposes? 5% 10% 18% 0% None 23. Under GST, who is responsible for deducting tax at source (TDS)? E-commerce operators Central Government departments Large businesses Any registered taxpayer None 24. Under the customs law, goods not claimed within a specified period are: Auctioned by customs authorities Returned to the consignor Destroyed by customs authorities Sent back to the warehouse None 25. Under GST, what is the rate of tax on lottery, betting, and gambling? 12% 18% 28% 5% None 26. Which of the following supplies are exempt under GST? Basic education services Sale of newspapers Healthcare services All of the above None 27. In which form is an e-way bill generated? FORM GST EWB-01 FORM GST REG-01 FORM GSTR-1 FORM GSTR-4 None 28. Which of the following is not a type of assessment under GST? Self-assessment Provisional assessment Transfer assessment Summary assessment None 29. What is the rate of GST applicable on food served in an air-conditioned restaurant? 5% 12% 18% 28% None 30. What is the prescribed period for retention of accounts and records under GST? 3 years 5 years 6 years 8 years None 31. The customs duty exemption is generally not available for: Goods imported by government agencies Goods imported for re-export Goods imported for personal use Goods imported for charity None 32. Which form is used by an unregistered person to claim a refund under GST? RFD-01 RFD-02 RFD-10 RFD-11 None 33. What is the GST rate on educational books? 5% 0% 12% 18% None 34. Under customs law, what is the duty-free allowance for an Indian resident returning from abroad after a stay of more than 3 days? ₹10,000 ₹25,000 ₹50,000 ₹1,00,000 None 35. Which of the following activities is treated as deemed exports under GST? Supply of goods by a manufacturer to an SEZ Supply of goods from India to a foreign country Supply of goods from India to another state None of the above None 36. Under GST, the penalty for issuing an incorrect invoice can go up to: ₹10,000 ₹25,000 ₹50,000 ₹1,00,000 None 37. Which of the following items is subject to excise duty but not GST? Alcohol for human consumption Petroleum products Both a and b None of the above None 38. Which of the following forms is used to apply for a refund of unutilized input tax credit in GST? RFD-01 RFD-03 RFD-10 RFD-11 None 39. In GST, the place of supply for services provided by way of admission to a cultural, artistic, or sporting event is: Location of the event Location of the service provider Location of the recipient Place of business of the service provider None 40. Which authority is responsible for investigating cases of tax evasion in India? Central Board of Direct Taxes (CBDT) Central Bureau of Investigation (CBI) Directorate General of GST Intelligence (DGGI) Enforcement Directorate (ED) 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 !! Time's upTime is Up!
