{"id":17747,"date":"2022-04-13T13:15:57","date_gmt":"2022-04-13T07:45:57","guid":{"rendered":"https:\/\/scholarsclasses.com\/blog\/?p=17747"},"modified":"2025-01-04T13:03:02","modified_gmt":"2025-01-04T07:33:02","slug":"introduction-to-gst-mcq-40-free-mcqs","status":"publish","type":"post","link":"https:\/\/scholarsclasses.com\/blog\/introduction-to-gst-mcq-40-free-mcqs\/","title":{"rendered":"Introduction to GST MCQ | 40 Free MCQs"},"content":{"rendered":"\n<h2 class=\"wp-block-heading has-text-align-center\">Introduction to GST MCQ<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" data-src=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/04\/Introduction-to-GST-MCQ-1024x576.webp\" alt=\"Introduction to GST MCQ\" class=\"wp-image-17956 lazyload\" title=\"\" data-srcset=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/04\/Introduction-to-GST-MCQ-1024x576.webp 1024w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/04\/Introduction-to-GST-MCQ-300x169.webp 300w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/04\/Introduction-to-GST-MCQ-768x432.webp 768w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/04\/Introduction-to-GST-MCQ-1536x864.webp 1536w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2022\/04\/Introduction-to-GST-MCQ.webp 1920w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/576;\" \/><figcaption class=\"wp-element-caption\">Income from Business and Profession MCQ<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/scholarsclasses.com\/blog\/business-economics-mcq\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/business-economics-mcq\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/income-tax-mcq\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/income-tax-mcq\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>MCQs on other topics of Taxation<\/strong><\/a><\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.icsi.edu\/media\/webmodules\/modelquestionpaper\/CMA-MCQ%20100.pdf\" data-type=\"URL\" data-id=\"https:\/\/www.icsi.edu\/media\/webmodules\/modelquestionpaper\/CMA-MCQ%20100.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Cost Accounting MCQs pdf<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>1. GST Stands for<br><\/strong>(a) Goods and Supply Tax <br>(b) Government Sales Tax<br>(c) Goods and Services Tax <br>(d) Good and Simple Tax<\/p>\n\n\n\n<p><strong>2. GST is levied in India on the basis of _________ Principle.<br><\/strong>(a) Origin <br>(b) Destination<br>(c) Either a or b <br>(d) Both a or b<\/p>\n\n\n\n<p><strong>3. The main objective of GST implementation is __________ .<br><\/strong>(a) To consolidate multiple indirect tax levies into single tax<br>(b) Overcoming limitation of existing indirect tax structure<br>(c) Creating efficiencies in tax administration<br>(d) All of above<\/p>\n\n\n\n<p><strong>4. Which of the following is not a bill passed by parliament for the implementation of GST in India?<br><\/strong>(a) The Central GST Act, 2017 <br>(b) The State GST Act, 2017<br>(c) The Integrated GST Act, 2017 <br>(d) None of above<\/p>\n\n\n\n<p><strong>5. ________ Petroleum products have been temporarily been kept out of GST..<br><\/strong>(a) One <br>(b) Two<br>(c) Three <br>(d) Five<\/p>\n\n\n\n<p><strong>6. In India, GST structure is ________ in nature.<br><\/strong>(a) Single <br>(b) Dual<br>(c) Triple <br>(d) (a) &amp; (b) both<\/p>\n\n\n\n<p><strong>7. GST is not levied on which of the following?<br><\/strong>(a) Alcoholic Liquor for Human Consumption <br>(b) Five Petroleum Products<br>(c) Immovable Property <br>(d) All of above<\/p>\n\n\n\n<p><strong>8. GST is not levied on which of the following?<br><\/strong>(a) Motor Spirit <br>(b) High speed diesel<br>(c) Natural gas <br>(d) All of above<\/p>\n\n\n\n<p><strong>9. _________ is levied on Intra-State Supply of goods and\/or Services.<br><\/strong>(a) CGST <br>(b) SGST<br>(c) IGST <br>(d) Both a &amp; b<\/p>\n\n\n\n<p><strong>10. ________ is levied on Inter State Supply of Goods and\/or Services.<br><\/strong>(a) CGST <br>(b) SGST<br>(c) IGST <br>(d) Both a &amp; b<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answers:<\/strong> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">1)Goods and Services Tax<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">2)Destination<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">3)All of above<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">4)The State GST Act, 2017<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">5)Five  6)Dual<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">7)All of above<\/mark>   <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">8)All of above<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">9)Both a &amp; b<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">10)IGST<\/mark><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>11. _______ is levied on Intra State Supply of Goods and\/or Services in Union Territory.<br><\/strong>(a) SGST <br>(b) IGST<br>(c) UTGST <br>(d) GST is not levied<\/p>\n\n\n\n<p><strong>12. Goods and Services Tax is a tax levied on goods and services imposed at each point of _______ .<br><\/strong>(a) Sale <br>(b) Service<br>(c) Supply <br>(d) Manufacturing<\/p>\n\n\n\n<p><strong>13. GST is a national level tax based on _______ .<br><\/strong>(a) First point tax principle <br>(b) Value Added principle<br>(c) Last point tax principle <br>(d) All of the above<\/p>\n\n\n\n<p><strong>14. The following tax has been subsumed into Central GST.<br><\/strong>(a) Central Sales Tax <br>(b) Custom Duty<br>(c) Service Tax <br>(d) All of the above<\/p>\n\n\n\n<p><strong>15. GST was introduced in India on<br><\/strong>(a) 1-4-2017 <br>(b) 1-5-2017<br>(c) 1-6-2017 <br>(d) 1-7-2017<\/p>\n\n\n\n<p><strong>16. Indian GST model has ______ tier rate structure.<br><\/strong>(a) 3 <br>(b) 4<br>(c) 5 <br>(d) 6<\/p>\n\n\n\n<p><strong>17. What does \u2018I\u2019 stands for in IGST?<br><\/strong>(a) International <br>(b) Internal<br>(c) Integrated <br>(d) Intra<\/p>\n\n\n\n<p><strong>18. Which of the following tax is not subsumed in GST ?<br><\/strong>(a) VAT <br>(b) Stamp Duty<br>(c) Entry Tax <br>(d) Entertainment Tax<\/p>\n\n\n\n<p><strong>19. HSN Code Stands for<br><\/strong>(a) Home Shopping Network <br>(b) Harmonised System of Nomenclature<br>(c) Harmonised System Number <br>(d) Home State Number<\/p>\n\n\n\n<p><strong>20. Alcoholic liquor for Human Consumption is subject to &#8211;<br><\/strong>(a) CGST <br>(b) SGST<br>(c) IGST <br>(d) None of the above<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answers:<\/strong> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">11)UTGST<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">12)Supply<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">13)Value Added principle<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">14)All of the above<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">15)1-7-2017<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">16)4<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">17)Integrated<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">18)Stamp Duty<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">19)Harmonised System of Nomenclature<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">20)None of the above<\/mark><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>21. Five petroleum products viz. petroleum crude, motor spirit (petrol), high speed diesel, naturalgas and aviation turbine fuel have been kept out of GST _______ .<br><\/strong>(a) Permanently <br>(b) Temporarily<br>(c) For one year <br>(d) None of the above<\/p>\n\n\n\n<p><strong>22. The items which will be taxable both under Central Excise Law and the GST even after the implementation of the GST Act.<br><\/strong>(a) Motor spirit <br>(b) Tobacco and Tobacco Products<br>(c) Alcoholic liquor for human consumption <br>(d) Natural Gas<\/p>\n\n\n\n<p><strong>23. On Petroleum Crude, High Speed Diesel, Motor Spirit (commonly known as Petrol), NaturalGas, and Aviation Turbine Fuel:<br><\/strong>(a) GST will never be levied at all<br>(b) GST will be levied from a date to be notified on the recommendations of the GST Council<br>(c) GST will be levied, but it will be exempt<br>(d) None of the above<\/p>\n\n\n\n<p><strong>24. Supply of the following is not liable to GST ______ .<br><\/strong>(a) Alcoholic liquor for industrial consumption<br>(b) Alcoholic liquor for medicinal consumption<br>(c) Alcoholic liquor for human consumption<br>(d) Alcoholic liquor for animal consumption<\/p>\n\n\n\n<p><strong>25. GST is a comprehensive tax regime covering ________ .<br><\/strong>(a) Goods <br>(b) Services<br>(c) Both goods and services <br>(d) None of the above<\/p>\n\n\n\n<p><strong>26. Which of the following taxes have been subsumed under GST ?<br><\/strong>(1) Central Excise Duty <br>(2) Service Tax<br>(3) VAT <br>(4) Luxury Tax<br>Select the correct answer from the options given below<br>(a) (1) &amp; (2) etc. <br>(b) (3), (1) &amp; (2)<br>(c) All of the above <br>(d) None of the above<\/p>\n\n\n\n<p><strong>27. GST is a comprehensive tax regime covering _______ .<br><\/strong>(a) Goods <br>(b) Services<br>(c) Both goods and services <br>(d) Goods, services and imports<\/p>\n\n\n\n<p><strong>28. Goods and Services Tax is a tax levied on goods and services imposed at each point of<br><\/strong>(a) Demand <br>(b) Cash sale<br>(c) Supply <br>(d) Manufacturing<\/p>\n\n\n\n<p><strong>29. The CGST Act, 2017 extends to<br><\/strong>(a) Whole of India excluding the State of Jammu &amp; Kashmir<br>(b) Whole of India<br>(c) Whole of India excluding the State of Jammu &amp; Kashmir and Union territories<br>(d) Whole of India excluding the State of Jammu &amp; Kashmir but including Union territories<\/p>\n\n\n\n<p><strong>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?<br><\/strong>(a) P Ltd. <br>(b) Q Ltd.<br>(c) X Ltd. <br>(d) Both (a) and (b)<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answer:<\/strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"><strong> <\/strong>21)Temporarily<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">22)Tobacco and Tobacco Products<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">23)GST will be levied from a date to be notified on the recommendations of the GST Council  24)Alcoholic liquor for human consumption<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">25)Both goods and services<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">26)All of the above<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">27)Both goods and services<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">28)Supply<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">29)Whole of India  30)Q Ltd.<\/mark><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>31. The definition of goods under section 2(52) of the CGST Act does not include-<br><\/strong>(a) Grass <br>(b) Money and securities<br>(c) Actionable claims <br>(d) Growing crops<\/p>\n\n\n\n<p><strong>32. _______ is not included in the term \u201cGoods\u201d under GST Law:<br><\/strong>(a) Movable Property <br>(b) Actionable Claim<br>(c) Securities <br>(d) Growing Crops<\/p>\n\n\n\n<p><strong>33. Which of the following is not covered under the term \u201cGoods\u201d under GST ?<br><\/strong>(a) Money <br>(b) Actionable Claim<br>(c) Securities <br>(d) Both (a) &amp; (c)<\/p>\n\n\n\n<p><strong>34. As per the CGST Act, 2017, &#8220;business&#8221; includes :<br><\/strong>(i) Adventure not for a pecuniary benefit<br>(ii) Any activity or transaction undertaken by the Central Government, a State Government orany local authority in which they are engaged as public authorities.<br>(a) (ii) only <br>(b) Both (i) and (ii)<br>(c) Neither (i) nor (ii) <br>(d) (i) only<\/p>\n\n\n\n<p><strong>35. Securities are excluded from the definition of _______ .<br><\/strong>(a) Goods <br>(b) Services<br>(c) Both (a) and (b) <br>(d) Neither (a) nor (b)<\/p>\n\n\n\n<p><strong>36. Money is _______ .<br><\/strong>(a) Specifically included in the definition of goods<br>(b) Specifically included in the definition of services<br>(c) Specifically excluded from the definition of goods as well as services<br>(d) None of the above<\/p>\n\n\n\n<p><strong>37. Actionable Claims are ______ .<br><\/strong>(a) Specifically included in the definition of goods<br>(b) Specifically included in the definition of services<br>(c) Specifically excluded from the definition of goods as well as services<br>(d) Specifically excluded from the definition of goods only<\/p>\n\n\n\n<p><strong>38. Which of the following is a non\u2013taxable supply under the CGST Act, 2017 ?<br><\/strong>(a) Supply of goods not leviable to tax under the CGST Act, 2017<br>(b) Supply of services not leviable to tax under the CGST Act, 2017<br>(c) Supply which is neither a supply of good nor a supply of service.<br>(d) Both (a) and (b)<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answer:<\/strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"><strong> <\/strong>31)Money and securities<\/mark> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"> 32)Securities<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">33)Both (a) &amp; (c)<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">34)Both (i) and (ii)<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">35)Both (a) and (b) <\/mark> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">36)Specifically excluded from the definition of goods as well as services <\/mark> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">37)Specifically included in the definition of goods<\/mark>  <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">38)LOP <\/mark> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">39)Both (a) and (b)<\/mark><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":17956,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,7,1],"tags":[4818],"class_list":["post-17747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bcom","category-degree-college","category-misc","tag-introduction-to-gst-mcq"],"_links":{"self":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/17747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/comments?post=17747"}],"version-history":[{"count":3,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/17747\/revisions"}],"predecessor-version":[{"id":36341,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/17747\/revisions\/36341"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media\/17956"}],"wp:attachment":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media?parent=17747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/categories?post=17747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/tags?post=17747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}