Levy and Collection of Taxes MCQ | 20 Free MCQs
11. Which of the following services are covered under Reverse Charge Mechanism of CGST Act,2017?
(i) Legal Consultancy
(ii) Goods Transport Agency
(iii) Manpower Supply
(iv) Rent-a-Cab
(a) i & iii
(b) i & iv
(c) i & ii
(d) All the above
12. In case of sponsorship services provided by Mr. A to M/s AB Ltd., liability to pay GST is on:
(a) Mr. A
(b) M/s AB Ltd.
(c) Both
(d) None of the above
13. In case of renting of land, inside an Industrial estate, by State Government to a registered manufacturing company, GST is:
(a) Exempted
(b) Applicable under Normal Charge
(c) Applicable under Reverse Charge
(d) None of the above
14. In case of services by an insurance agent to Ms. ABC Insurance Co. Ltd., GST is to be paid by:
(a) Insurance Agent
(b) ABC Insurance Co. Ltd.
(c) Both
(d) None of the above
15. Sitting fees received by director of XYZ Ltd., is liable for GST in the hands of the
(a) Director
(b) XYZ Ltd.
(c) Both of above
(d) None of the above
16. Services by a recovery agent to M/s ZZZ Bank Ltd., are liable for GST in the hands of:
(a) M/s ZZZ Bank Ltd.
(b) Recovery agent
(c) Both the above
(d) None of the above
17. In case of lottery procured from State Government by a lottery distributor, GST is payable by:
(a) Lottery distributor
(b) State Government
(c) Both the above
(d) None of the above
18. Reverse charge under section 9(3) of the CGST Act is applicable:
(a) Only on notified services
(b) Only on notified goods
(c) On Notified goods & services
(d) On None of the above
19. If Tobacco leaves procured from an Agriculturist by a registered person, then:
(a) Reverse charge is applicable
(b) Normal charge is applicable
(c) Joint charge is applicable
(d) None of the above
20. In case M/s. PQR Ltd., a registered person, has availed rent-a-cab service from M/s ABC Travels (Proprietor) service then which one of the following is true:
(a) Reverse charge is applicable as this is a notified service
(b) Reverse charge is applicable if ABC Travels is not registered
(c) Joint charge is applicable
(d) None of the above
| Answers: 11)i & ii 12)M/s AB Ltd. 13)Applicable under Reverse Charge 14)Supply of services 15)Supply of services 16)Supply of services 17)Lottery distributor 18)On Notified goods & services 19)Reverse charge is applicable 20)Reverse charge is applicable if ABC Travels is not registered |
