Introduction to GST MCQ | 40 Free MCQs
Introduction to GST MCQ
1. GST Stands for
(a) Goods and Supply Tax
(b) Government Sales Tax
(c) Goods and Services Tax
(d) Good and Simple Tax
2. GST is levied in India on the basis of _________ Principle.
(a) Origin
(b) Destination
(c) Either a or b
(d) Both a or b
3. The main objective of GST implementation is __________ .
(a) To consolidate multiple indirect tax levies into single tax
(b) Overcoming limitation of existing indirect tax structure
(c) Creating efficiencies in tax administration
(d) All of above
4. Which of the following is not a bill passed by parliament for the implementation of GST in India?
(a) The Central GST Act, 2017
(b) The State GST Act, 2017
(c) The Integrated GST Act, 2017
(d) None of above
5. ________ Petroleum products have been temporarily been kept out of GST..
(a) One
(b) Two
(c) Three
(d) Five
6. In India, GST structure is ________ in nature.
(a) Single
(b) Dual
(c) Triple
(d) (a) & (b) both
7. GST is not levied on which of the following?
(a) Alcoholic Liquor for Human Consumption
(b) Five Petroleum Products
(c) Immovable Property
(d) All of above
8. GST is not levied on which of the following?
(a) Motor Spirit
(b) High speed diesel
(c) Natural gas
(d) All of above
9. _________ is levied on Intra-State Supply of goods and/or Services.
(a) CGST
(b) SGST
(c) IGST
(d) Both a & b
10. ________ is levied on Inter State Supply of Goods and/or Services.
(a) CGST
(b) SGST
(c) IGST
(d) Both a & b
| Answers: 1)Goods and Services Tax 2)Destination 3)All of above 4)The State GST Act, 2017 5)Five 6)Dual 7)All of above 8)All of above 9)Both a & b 10)IGST |
11. _______ is levied on Intra State Supply of Goods and/or Services in Union Territory.
(a) SGST
(b) IGST
(c) UTGST
(d) GST is not levied
12. Goods and Services Tax is a tax levied on goods and services imposed at each point of _______ .
(a) Sale
(b) Service
(c) Supply
(d) Manufacturing
13. GST is a national level tax based on _______ .
(a) First point tax principle
(b) Value Added principle
(c) Last point tax principle
(d) All of the above
14. The following tax has been subsumed into Central GST.
(a) Central Sales Tax
(b) Custom Duty
(c) Service Tax
(d) All of the above
15. GST was introduced in India on
(a) 1-4-2017
(b) 1-5-2017
(c) 1-6-2017
(d) 1-7-2017
16. Indian GST model has ______ tier rate structure.
(a) 3
(b) 4
(c) 5
(d) 6
17. What does ‘I’ stands for in IGST?
(a) International
(b) Internal
(c) Integrated
(d) Intra
18. Which of the following tax is not subsumed in GST ?
(a) VAT
(b) Stamp Duty
(c) Entry Tax
(d) Entertainment Tax
19. HSN Code Stands for
(a) Home Shopping Network
(b) Harmonised System of Nomenclature
(c) Harmonised System Number
(d) Home State Number
20. Alcoholic liquor for Human Consumption is subject to –
(a) CGST
(b) SGST
(c) IGST
(d) None of the above
| Answers: 11)UTGST 12)Supply 13)Value Added principle 14)All of the above 15)1-7-2017 16)4 17)Integrated 18)Stamp Duty 19)Harmonised System of Nomenclature 20)None of the above |
21. Five petroleum products viz. petroleum crude, motor spirit (petrol), high speed diesel, naturalgas and aviation turbine fuel have been kept out of GST _______ .
(a) Permanently
(b) Temporarily
(c) For one year
(d) None of the above
22. The items which will be taxable both under Central Excise Law and the GST even after the implementation of the GST Act.
(a) Motor spirit
(b) Tobacco and Tobacco Products
(c) Alcoholic liquor for human consumption
(d) Natural Gas
23. On Petroleum Crude, High Speed Diesel, Motor Spirit (commonly known as Petrol), NaturalGas, and Aviation Turbine Fuel:
(a) GST will never be levied at all
(b) GST will be levied from a date to be notified on the recommendations of the GST Council
(c) GST will be levied, but it will be exempt
(d) None of the above
24. Supply of the following is not liable to GST ______ .
(a) Alcoholic liquor for industrial consumption
(b) Alcoholic liquor for medicinal consumption
(c) Alcoholic liquor for human consumption
(d) Alcoholic liquor for animal consumption
25. GST is a comprehensive tax regime covering ________ .
(a) Goods
(b) Services
(c) Both goods and services
(d) None of the above
26. Which of the following taxes have been subsumed under GST ?
(1) Central Excise Duty
(2) Service Tax
(3) VAT
(4) Luxury Tax
Select the correct answer from the options given below
(a) (1) & (2) etc.
(b) (3), (1) & (2)
(c) All of the above
(d) None of the above
27. GST is a comprehensive tax regime covering _______ .
(a) Goods
(b) Services
(c) Both goods and services
(d) Goods, services and imports
28. Goods and Services Tax is a tax levied on goods and services imposed at each point of
(a) Demand
(b) Cash sale
(c) Supply
(d) Manufacturing
29. The CGST Act, 2017 extends to
(a) Whole of India excluding the State of Jammu & Kashmir
(b) Whole of India
(c) Whole of India excluding the State of Jammu & Kashmir and Union territories
(d) Whole of India excluding the State of Jammu & Kashmir but including Union territories
30. P Ltd. has a contract with X Ltd. to provide book keeping services to Q Ltd. Q Ltd. is a subsidiaryof P Ltd. The liability to discharge consideration for such book keeping service is of P Ltd. As perthe CGST Act, 2017, who will be the recipient of the above service?
(a) P Ltd.
(b) Q Ltd.
(c) X Ltd.
(d) Both (a) and (b)
| Answer: 21)Temporarily 22)Tobacco and Tobacco Products 23)GST will be levied from a date to be notified on the recommendations of the GST Council 24)Alcoholic liquor for human consumption 25)Both goods and services 26)All of the above 27)Both goods and services 28)Supply 29)Whole of India 30)Q Ltd. |
31. The definition of goods under section 2(52) of the CGST Act does not include-
(a) Grass
(b) Money and securities
(c) Actionable claims
(d) Growing crops
32. _______ is not included in the term “Goods” under GST Law:
(a) Movable Property
(b) Actionable Claim
(c) Securities
(d) Growing Crops
33. Which of the following is not covered under the term “Goods” under GST ?
(a) Money
(b) Actionable Claim
(c) Securities
(d) Both (a) & (c)
34. As per the CGST Act, 2017, “business” includes :
(i) Adventure not for a pecuniary benefit
(ii) Any activity or transaction undertaken by the Central Government, a State Government orany local authority in which they are engaged as public authorities.
(a) (ii) only
(b) Both (i) and (ii)
(c) Neither (i) nor (ii)
(d) (i) only
35. Securities are excluded from the definition of _______ .
(a) Goods
(b) Services
(c) Both (a) and (b)
(d) Neither (a) nor (b)
36. Money is _______ .
(a) Specifically included in the definition of goods
(b) Specifically included in the definition of services
(c) Specifically excluded from the definition of goods as well as services
(d) None of the above
37. Actionable Claims are ______ .
(a) Specifically included in the definition of goods
(b) Specifically included in the definition of services
(c) Specifically excluded from the definition of goods as well as services
(d) Specifically excluded from the definition of goods only
38. Which of the following is a non–taxable supply under the CGST Act, 2017 ?
(a) Supply of goods not leviable to tax under the CGST Act, 2017
(b) Supply of services not leviable to tax under the CGST Act, 2017
(c) Supply which is neither a supply of good nor a supply of service.
(d) Both (a) and (b)
| Answer: 31)Money and securities 32)Securities 33)Both (a) & (c) 34)Both (i) and (ii) 35)Both (a) and (b) 36)Specifically excluded from the definition of goods as well as services 37)Specifically included in the definition of goods 38)LOP 39)Both (a) and (b) |
