Exam 1: Concepts Related to GST in India

The chair of GST Council

One tooth paste and tooth brush and a toilet soap sold in a packet for Rs. 50, is

Goods which get input tax credit without being liable to collect output tax is called

An e-commerce operator neither having physical presence in the taxable territory not a representative in the said territory, shall__________________

The tax applicable to interstate supplies will be:

If the payment to the supplier of goods or services is not made within__________________from the date of issue of invoice, the input tax credit on such goods or services cannot be availed.

A person is liable to registered under GST law where aggregate sale of good exceeds__________________ after 1.4.2019. in general category

Electronic Way Bill is compulsory to move goods of worth

The definition of goods under the GST Act does not include_________

The first 2 digit of GSTIN represent___________________________

A Composite taxpayer is required to file summarised details of transactions

Inter-state trade is presently subject to

GST was introduced in India with effect from

The notified limit for payment of composition levy is ______________

Introduction of GST affects the revenue of

When turnover during a financial year exceeds__________________ the accounts and other records must be audited by a chartered accountant or a cost accountant

Any goods other than capital goods used or intended to be used by a supplier in the course or furtherance of business is

Goods and service tax is _________

Where the location of the supplier and the place of supply are in two different States _________

If application for registration is ___________________________, the registration shall be effective from the date on which the person becomes liable for registration.