Levy and Collection of Taxes MCQ | 20 Free MCQs
Levy and Collection of Taxes MCQ
1. What are the taxes levied on an intra-State supply?
(a) CGST
(b) SGST
(c) CGST and SGST
(d) IGST
2. What is the maximum rate prescribed under CGST Act?
(a) 12%
(b) 28%
(c) 20%
(d) 18%
3. Who will notify the rate of tax to be levied under CGST Act?
(a) Central Government suo moto
(b) State Government suo moto
(c) GST Council suo moto
(d) Central Government as per the recommendations of the GST Council
4. Which of the following taxes will be levied on imports?
(a) CGST
(b) SGST
(c) IGST
(d) CGST and SGST
5. What is the maximum rate prescribed under UTGST Act?
(a) 14%
(b) 28%
(c) 20%
(d) 30%
6. Supply shall attract IGST?
(a) Intra-State
(b) Inter-State
(c) Both
7. Is there any ceiling limit prescribed on the rate under IGST?
(a) 14%
(b) 40%
(c) 26%
(d) 30%
8. What if an e-commerce operator having no physical presence in the taxable territory, does not have a representative in the taxable territory?
(a) His will have to discharge his tax liability in foreign currency
(b) He will not be liable to tax
(c) He has to appoint a person in the taxable territory for the purpose of paying tax on his behalf
(d) None of the above
9. Unless and until notified, IGST shall not be levied on the inter-State supply of which of the following:
(a) Industrial alcohol
(b) Works contract
(c) Petroleum
(d) None of the above
10. What are the supplies on which reverse charge mechanism would apply at present?
(a) Notified categories of goods or services or both under section 9(3)
(b) Inward supply of goods or services or both from an unregistered dealer under section 9(4)
(c) Both the above
(d) None of the above
| Answers: 1)CGST and SGST 2)20% 3)Central Government as per the recommendations of the GST Council 4)IGST 5)20% 6)Inter-State 7)40% 8)He has to appoint a person in the taxable territory for the purpose of paying tax on his behalf 9)Petroleum 10)Notified categories of goods or services or both under section 9(3) |
