Indirect Taxation MCQ with Answers

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Online MCQ Quiz of Indirect Taxation

Indirect Taxation

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Q: Mr. Vishal has head office in pune and has branches in state of Gujarat, Goa, and Punjab. Mr. Vishal send goods to its branch Goa worth 2, 50,000 in a own ` conveyance. Value of conveyance 15, 00,000 and ` With the conveyance some tools and spares parts are also send worth 50,000. Calculate total value of `taxable supply on which GST is payable

A. 3,00,000

B. 2,50,000

C. 18,00,000

D. 15,50,000

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Q: The items which will be taxable both under current Central Excise Law and GST even after the implementation of the GST Act

A. Motor Spirit

B. Alcoholic Liquor for Human Consumption

C. Tobacco and Tobacco Products

D. Natural Gas

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Q: The officers appointed under which of the following Acts are authorized to be the proper officers for the purposes of the CGST Act, 2017

A. State Goods and Services Tax Act

B. Union Territory Goods and Services Tax Act

C. Both (a) and (b)

D. None of the above

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Q: Which article of the Constitution outlines the composition and functions of the GST Council?

A. 270

B. 279-A

C. 246-A

D. 269-A

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Q: The definition of goods under section 2(52) of the CGST Act does not include-

A. Grass

B. Money and securities

C. Actionable claims

D. Growing crops

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Q: What happens if a taxable person has paid CGST & SGST or, as the case may be, CGST & UTGST (in SGST / UTGST Act) on a transaction considered by him to be an intra-state supply but which is subsequently held to be an inter-state supply?

A. Seek refund

B. Adjust against future liability

C. Take re-credit

D. File a suit for recovery

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Q: In case of inter-State movement of goods, every registered person who causes movement of goods of consignment value exceeding___in relation to a supply or for reasons other than supply or due to inward supply from an unregistered person shall, before commencement of such movement, file FORM GST EWB-01

A. Rs. 50,000/-

B. Rs. 1,00,000/-

C. Rs. 70,000/-

D. None of the above

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Q: The tax invoice should be issued___the date of supply of service

A. Within 30 days from

B. Within 1 month from

C. Within 60 days from

D. On

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Q: TCS rate under GST is

A. 5%

B. 2%

C. 3%

D. 1%

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Q: Every deposit made towards tax shall be credited to

A. Electronic credit ledger

B. electronic cash ledger

C. Electronic liability register

D. None of these

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Q: A bill of supply is issued in the case of

A. Taxable goods

B. Reverse charge

C. Exempt goods

D. Composite supply

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Q: Input tax credit is not available for

A. Services

B. Zero Rated supplies

C. Taxable supplies

D. Exempt supplies

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Q: Which of the following is included while computing the value of supply of goods under GST

A. Price of the goods

B. Packing charges of the goods

C. Tax levied by Municipal authority on sale of the goods

D. All the above

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Q: Supply of two or more taxable supply naturally bundled and supplied is called

A. Mixed supply

B. Common supply

C. Continuous supply

D. Composite supply

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Q: Business vertical refers to

A. Joint venture

B. Different business within a group

C. Competitors in business

D. None of these

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Q: Dealers with annual turnover of Rs. 5 crore and above must use

A. Two-Digit HSN Code

B. Four Digit HSN Code

C. Eight Digit HSN code

D. HSN Code not required

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Q: When can a registered person avail credit on inputs

A. On receipt of goods

B. On receipt of documents

C. Both

D. None of the above

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

A. Input

B. Output

C. Merit goods

D. White goods

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Q: Which of the following is an intrastate supply?

A. Supplier of goods located in Nagpur and place of supply is in Mumbai

B. Supplier of goods located in Kolkata and place of supply of goods in Bangalore

C. Supplier of goods located in Goa and place of supply of goods in Goa

D. All the above

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Q: Who is the chairman of GST Council

A. RBI Governor

B. Prime Minister

C. Finance Secretary

D. Finance minister

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Indirect Taxation MCQ with Answers

Online MCQ Quiz of Indirect Taxation

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