Question 1

In a case where passenger transportation service is provided to an unregistered person, place of supply will be_________

Accepted Answer

A)  location of recipient
B)  location of transporter
C)  location of the destination
D)  location where journey starts B

Question 2

Every electronic commerce operator required to collect tax at source has to furnish a statement in form___________________________

Accepted Answer

A)  gstr-1
B)  gstr-5
C)  gstr-7
D)  gstr-8 C

Question 3

Where supply is received at place other than place of business, location of recipient of services is__________________

Accepted Answer

A)  location of place of business
B)  location of fixed establishment
C)  location of establishm ent most directly concerned
D)  location of usual place of residence of recipient. C

Question 4

M/s. ABC of Gujarat supplies goods to M/s. XYZ of Delhi, this will classify as

Accepted Answer

A)  intra state supply
B)  export supply
C)  inter state supply
D)  deemed supply

Question 5

Every registered person required to deduct tax at source shall furnish a return in Form_____________________

Accepted Answer

A)  gstr-1
B)  gstr-5
C)  gstr-9
D)  gstr-7

Question 6

Supply of goods provided, or agreed to be provided, continuously or on recurrent basis, under a contract, is

Accepted Answer

A)  mixed supply
B)  composite supply
C)  common supply
D)  continuous supply

Question 7

Place of supply of goods exported from India shall be

Accepted Answer

A)  the location outside india
B)  the location of the exporter
C)  state in which exported goods reaches first
D)  place of supply not applicable.

Question 8

GST is charged on_________________ of goods or services

Accepted Answer

A)  manufacture or provision
B)  consumption
C)  supply
D)  demand

Question 9

Gifts not exceeding_________________in a year by an employer to employee shall not be treated as supply.

Accepted Answer

A)  rs. 5,000
B)  rs. 10,000
C)  rs. 50,000
D)  rs. 1,00,000

Question 10

Central & excise duty shall be levied in addition to GST on _________

Accepted Answer

A)  petroleum products
B)  alcohol products
C)  tobacco and tobacco products
D)  alcohol for human consumption

Question 11

Composite tax is applicable for dealer with turnover upto

Accepted Answer

A)  rs. 1 crore
B)  rs. 20 lakh
C)  rs. 1.5 crore
D)  rs. 10 crore

Question 12

In case an operator fails to furnish the information required by the notice served to him U/s 52(2) within 15 days of date of service, he will be liable to pay penalty of maximum__________________

Accepted Answer

A)  rs.5,000
B)  rs.10,000
C)  rs.25,000
D)  rs.20,000

Question 13

In example (8) above, if invoice is raised on 10-7-2018 and amount is received on 20-6-2018 everything else being same, time of supply will be ___________________________ and tax rate levied will be_________

Accepted Answer

A)  20-6- 2018,28%
B)  10-7-2018,15%
C)  20-6- 2018,15%
D)  10-7-2018,28%

Question 14

An operator can rectify any omission or incorrect particulars in furnishing the statement U/s 52(4) subject to payment of________________

Accepted Answer

A)  taxes
B)  interest
C)  penalty
D)  late fee

Question 15

Dealers whose annual turnover between Rs.1.5 crore and Rs. 5 crore need to use

Accepted Answer

A)  two-digit hsn code
B)  four digit hsn codes
C)  four digit hsn codes.
D)  eight digit hsn codes

Question 16

Supply of two or more taxable supplies naturally bundled and supplied is called

Accepted Answer

A)  mixed supply
B)  composite supply
C)  common supply
D)  continuous supply

Question 17

Supply of services Imported into the territory if India are treated as___________________________

Accepted Answer

A)  inter state supply
B)  intra state supply
C)  exempt supplies
D)  international supplies

Question 18

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

Accepted Answer

A)  igst is applicable
B)  cgst is applicable
C)  sgst plus cgst is applicable
D)  cgst plus igst is applicable

Question 19

Indirect Tax is a___________________________

Accepted Answer

A)  regressive
B)  progressive tax
C)  tax on tax
D)  value added tax.

Question 20

Where location of the supplier and place of supply are in a State and a Union territory

Accepted Answer

A)  cgst plus utgst is applicable
B)  cgst plus igst is applicable
C)  sgst plus utgst is applicable
D)  igst is applicable

Exam 2: Goods and Services Tax GST and Indirect Taxes in India