Introduction to GST MCQ | 40 Free MCQs

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.