Goods and Services Tax

(Multiple Choice Questions)

1. GST was introduced in India with effect from

a) 1.1.2017 b) 1.4.2017 c) 1.1.2018 d) 1.7.2017

2. GST was introduced in Jammu and Kashmir with effect from

a) 1.8.2017 b) 1.7.2017 c) 1.1.2018 d) 8.7.2017

3. Constitution Amendment Act, 2016 for GST was

th
a) 80 b) 101 st c) 122nd d) None of these

4. As a result of constitution amendment for GST a Separate List --- has been inserted in the
constitution.
a) Article 246A b) Article 146Bc) Article 122 C d) Article 101B

5. The incidence of tax on tax is called

a) Tax Cascading b) Tax Pyramiding c) Tax evasion d) Indirect tax

6. Under GST, ‘value addition’ refers to

a) Expenses ‘plus’ profit b) Cost plus tax c) Cost plus tax plus ‘profit d) Tax plus profit

7. UTGST is applicable when

a) Sold from Union territory b) Goods are purchased by Central Government
c) Sold from one union territory to another union territory d) There is interstate supply

8. Integrated Goods and Services Tax is applicable when -

a) Sold in Union territory b) Sold from one GST dealer to another GST dealer
c) Sold within a state d) There is interstate supply

9. SGST is applicable when

a) Goods are sold within a state b) Goods are sold from one GST dealer to a customer
c) Goods are sold by a GST dealer to another GST dealer d) Interstate supply

10. The tax which was not merged into GST

a) Countervailing Duty b) Excise duty c) Basic Customs Duty d) Purchase tax

11. Goods and service tax is a – tax system

a) Single point tax b) Multipoint tax c) Regressive tax d) None of these

12. Goods and service tax is --

a) Supply based b) Consumption based
c) Both supply and consumption based d) None of these

13. When a GST dealer in Kerala sells a product o a GST dealer or customer in Tamilnadu, the tax collected
is
a) SGST b) CGST c) Integrated GST d) UTGST

14. After introduction of GST import into India is –

a) Subject to IGST plus BCD b) Subject to CGST plus SGST plus BCD
c) Zero rated d) SGST plus CGST plus IGST plus BCD

15. After introduction of GST supplies to SEZ are

a) Subject to IGST b) Subject to CGST plus SGST
c) Zero rated d) SGST plus CGST plus IGST

16. GST is a matter of jurisdiction of

a) Union Government b) State Government
c) Both centre and state government d) None of these
17. Inter-state trade is presently subject to
a) SGST b) CGST c) Integrated GST d) UTGST

18. Introduction of GST affects the revenue of a)

Consuming states b) Manufacturing states c) All the
states d) Central Government

19. The council can take a decision only if there is a) Three-

fourth majority b) Two third Majority c) 60% majority d)
Simple majority

20. GST dealers with annual turnover of --- are not required to use HSN code a) Less
than Rs. 1.5 crore b) less than Rs. 20 lakh
c) less than Rs. 1 crore d) less than Rs. 75 lakh

21. Dealers whose annual turnover between Rs. 1.5 crore and Rs. 5 crore need to use
a) Two-digit HSN code b) Four digit HSN Codes
c) Four digit HSN Codes d) Eight digit HSN codes

22. Dealers with annual turnover of Rs. 5 crore and above must use -- for their invoices. a) Two-
digit HSN code b) Four digit HSN Codes
c) Four digit HSN Codes d) Eight digit HSN codes

23. In the case of import or export of goods, using -- is compulsory a) Two-

digit HSN code b) Four digit HSN Code c) Four digit HSN Code d) Eight
digit HSN code

24. Under GST law SAC refers to --

a) Systematic Accounting Code b) Service Accounting Code c) System
administration code d) Scientific accounting code

25. Under GST law, tax rates are determined by

a) Central Government b) State Government
c) GST Council d) Central Government in consultation with state governments

26. The lowest tax rate under GST is --

a) 0.25% b) 1% c) .05% d) 5%

27. Base metals, gold, silver, articles of jewellery are taxable in India at the rate of
a) 0.25% b) 1% c) 3% d) 5%

28. The highest GST rate applicable now is ---

a) 100% b) 18% c) 28% d) 50%

29. Tax Deducted at Source at the rate of 1% is applicable in the case of supplies received by a) Any
GST dealer b) Government Departments
c) Ecommerce operators d) Composite dealers

30. Tax Collected at Source at the rate of 2% is applicable in the case of a) Any
GST dealer b) Government Departments
c) E-commerce operators d) Composite dealers

31. Composite tax is applicable for dealer with turnover upto

a) Rs. 1 Crore a) Rs. 20 lakh a) Rs. 1.5 Crore a) Rs. 10 Crore

32. Under GST law Compensation cess is applicable on

a) Luxury articles and demerit goods b) All goods
c) Petroleum products and Alcohol d) Consumer goods
33. Goods which get input tax credit without being liable to collect output tax is called a) Exempt
goods b) White goods c) Sin goods d) Zero rated goods

34. GST can be collected by

a) Any registered dealer b) Any GST dealer c) Any service provider d) Any dealer

35. -- confers powers to Government of India to collect tax on intra-state supply of goods or services or
both.
a) UTGST Act b) IGST Act c) CGST Act d) SGST Act

36. Under GST law “Aggregate turnover” of a dealer

a) Includes taxes paid b) Excludes taxes paid
c) Includes exempt supplies d) Turnover plus taxs plus profit

37. Under GST law “Aggregate turnover” of a dealer is determined

a) State-wise b) All India basis c) shop-wise d) None of these

38. Under GST law “Agriculturist” means

a) Individual or Hindu Undivided Family only b) Individual only
c) Any entity engaged in agricultural operations d) Any one who sells agricultural produces

39. Business vertical refers to

a) Joint venture b) Different business within a group
c) Competitors in business d) None of these

40. Goods which are used or intended to be used in the course or furtherance of business are a) Demerit
goods b) Business goods c) Capital goods d) None of these

41. A person who occasionally undertakes transactions involving supply of goods or services or both in the
course or furtherance of business is
a) Business person b) Casual taxable person c) composite dealer d) Non resident dealer

42. Supply of two or more taxable supplies naturally bundled and supplied is called a) Mixed
supply b) Composite supply c) Common supply d) Continuous supply

43. Goods are packed and transported with insurance, packing materials, transport and insurance. This is a
case of
a) Mixed supply b) Composite supply c) Common supply d) Continuous supply

44. Supply of goods provided, or agreed to be provided, continuously or on recurrent basis, under a contract,
is
a) Mixed supply b) Composite supply c) Common supply d) Continuous supply

45. Indian Oil Corporation Ltd. sends 10,000 litres of petrol every day to a petrol pump and invoices
the same every week. This is a case of
a) Mixed supply b) Composite supply c) Common supply d) Continuous supply

46. Any goods 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

47. --- refers to receipt of goods or services or both whether by purchase, acquisition or any other means
with or without consideration.
a) Outward supply b) Inward supply c) Taxable supply d) None of these

48. Two or more individual supplies of goods or services, or any combination thereof, made in conjunction
with each other
a) Mixed supply b) Composite supply c) Common supply d) Continuous supply
49. A supply of a package consisting of canned foods, sweets, chocolates, cakes, dry fruits, aerated drinks
and fruit juices when supplied for a single price is
a) Common supply b) Composite supply c) Mixed supply d) Continuous supply

50. Any person who occasionally undertakes transactions involving supply of goods or services or both, but
who has no fixed place of business or residence in India is
a) Business person b) Casual taxable person c) composite dealer d) Non resident dealer

51. Output tax of a taxable person,

a) Includes reverse charge b) Excludes reverse charge
c) Includes composite tax d) Includes all the taxes paid

52. Supply of goods or services which constitutes the predominant element of a composite supply is called
a) Common supply b) Principal supply c) Mixed supply d) Continuous supply

53. Liability to pay tax by the recipient of supply of goods or services is called a) Output
tax b) Reverse charge c) Input tax d) None of these

54. The chair of GST Council

a) Nominated by the Govt b) Nominated by the GST Council
c) Union Finance Minister d) Elected by the GST council

55. In the GST council meetings , the vote of the Central Government shall have a weightage of a) 1/3 of
votes cast b) 1/2 of votes cast c) 2/3 of votes cast d) None of these

56. In the GST council meetings votes of all the State Governments taken together shall have a weightage of
a) 1/3 of votes cast b) 1/2 of votes cast c) 2/3 of votes cast d) None of these

57. Tax rate on goods under GST are determined by

a) Union budget b) State budget
c) GST council d) Central Govt in consultation with state Govt.
58. Integrated Goods and Services Tax Act is applicable to a) All the
States b) All the Union territories
c) The whole of India d) All the states except Jammu and Kashmir

59. Integrated GST is applicable on goods or services

a) Imports b) Interstate Sale c) Exported from India d) Imports and interstate sales

60. The rate of IGST is equal to the rate of

a) CGST b) SGST c) CGST plus the rate of SGST d) SGST plus UTGST

61) IGST collected belong to

a) Central Government b) To the State in which supply occurs
c) to the State to which supply occurs d) The Centre and state to which supply occurs

62. Where a supply is received at a place of business for which the registration has been
obtained, ‘location of the recipient of services’ is
a) location of place of business of recipient b) location of service provider c) Place
where payment is received d) None of the above

63. Where a supply is received at more than one place ‘location of the recipient of services’ is a)
Location of the establishment most directly concerned with the receipt of the supply
b) Location of service provider c) Place where payment is received d) None of the above

64. The maximum limit of IGST rate fixed in the Act is

a) 18% b) 28% c) 40% d) 100%
65. Where an E- commerce operator does not have physical presence in the taxable territory a) Tax
need not be paid b) Agent of the E- commerce operator shall be liable to pay tax c) Tax must be paid
in advance d) IGST is not applicable

66. Where the location of the supplier and the place of supply are in two different States –
a) IGST is applicable b) CGST is applicable
c) SGST plus CGST is applicable d) CGST plus IGST is applicable

67. Where location of the supplier and the place of supply are in two different Union territories
a) CGST plus UTGST is applicable b) IGST is applicable
c) SGST plus UTGST is applicable d) CGST plus IGST is applicable

68. Where location of the supplier and place of supply are in a State and a Union territory
a) CGST plus UTGST is applicable b) CGST plus IGST is applicable c) SGST plus
UTGST is applicable d) IGST is applicable

69. Supply of goods where the location of the supplier and the place of supply of goods are in the same State
or same Union territory shall be treated as
a) Inter state b) Intra-state supply c) Taxable supply d) None of these

70. Supply of goods to or by a Special Economic Zone

a) CGST plus UTGST b) CGST plus IGST c) IGST d) None of these

71. 1,000 bags of sugar are supplied by a sugar mill in Chennai to a wholesaler in Ernakulam. The sugar bags
are sent by the mill to Ernakulam. Payment made by cheque payable at SBI Madurai. The place of supply is
a) Ernakulam b) Chennai c) Madurai d) Any of these

72. A wholesaler in Ernakulam sends an agent to procure 1,000 bags of sugar from a factory in Chennai. The
invoice and other documents are handed over to the agent in Theni as directed by the wholesaler. Later the
sugar bags are brought to Ernakulam. Amount paid online from SBI branch Calicut. The place of supply is
a) Ernakulam b) Chennai c) Theni d) Calicut

73. The place of supply of goods imported into India shall be

a) The location of exporter b) The location of the importer
c) State in which imported goods reaches first d) place of supply not applicable.

74. Place of supply of goods exported from India shall be

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.
75. The managers of ITC Ltd., Kolkata (GST registered) are given one week training in Munnar, by Infosys
Ltd. Bangalore, for a sum of Rs. 10 Lakhs. Payment given at Mumbai. The place of supply of service is
a) Mumbai b) Kolkata c) Munnar d) Bangalore

76 The managers of ITC Ltd., Kolkata (not registered under GST) are given one week training in Munnar, by
Infosys Ltd. Bangalore, for a sum of Rs. 10 Lakhs. Payment given at Mumbai. The place of supply of service
is
a) Mumbai b) Kolkata c) Munnar d) Bangalore

77. The place of supply of services to a registered person by way of transportation of goods, including by
mail or courier, shall be
a) The location of such person b) Location of transporting agency c) Place of
payment d) None of these.

78. The place of supply of telecommunication services shall be

a) The location where connection is installed b) Place of office of the service provider
c) Place of payment d) Place of supply not relevant
79. In case of mobile connection for telecommunication and internet services provided on post-paid basis,
the location of supply is
a) Place of office of the service provider b) Place of payment
c) Billing address of the recipient of services d) Place of supply not relevant

80. The place of supply of banking and financial services shall be

a) Place of office of the service provider b) Location of the recipient of services
c) Place of payment d) Place of supply not relevant

81. Export of goods or services or both or Supply of goods or services to SEZ is a) Subject
to IGST b) Subject to SGST plus CGST
c) Zero rated d) Subject to CGST plus IGST

82. A registered person making zero rated supply shall be a)

Eligible to claim refund b) Not eligible for refund c) Subject to
reverse charge d) None of these

83. Half share of IGST moves always to

a) Selling state b) Buying state
c) Equally to selling state and buying state d) None of these

84. Gifts not exceeding --- in a year by an employer to employee shall not be treated as supply. a) Rs.
5,000 b) Rs. 10,000 c) Rs. 50,000, d) Rs. 1,00,000

85. Lease, tenancy, easement or licence to occupy land is a supply of

a) Goods b) Services c) Both goods and services d) None

86. Letting out of the building or residential complex is a supply of

a) Goods b) Services c) Both goods and services d) None

87. Transfer of the title in goods is a supply of

a) Goods b) Services c) Both goods and services d) None

88. Transfer of right in goods or of undivided share in goods ‘without the transfer of title’ is
a) supply of Goods b) supply of Services c) supply of Both goods and services d) None

89. Transfer of title in goods under an agreement which stipulates that property in goods shall pass at a
future date upon payment of full consideration, is a supply of -
a) Both goods and services b) Services c) Goods d) None

90. Any treatment or process which is applied to another person’s goods is a supply of
a) Goods b) Services c) Both goods and services d) None

91. Goods held or used for the purposes of the business are put to any private
use or made available to any person for use, is a supply of
a) Goods b) Services c) Both goods and services d) None

92. Construction of a complex, building, civil structure intended for sale to a buyer, wholly or partly is
supply of –
a) Goods b) Services c) Both goods and services d) None

93. Where the entire consideration has been received after issuance of completion certificate
or after its first occupation is
a) Transfer of Goods b) Transfer of immovable property
c) Transfer fo services d) None of these

94. Mr. A an architect, agrees to design and construct a building for Mr. Bj, for a sum of Rs. 1Crore. The
construction completed and the amount received by Mr. A. This is supply of
a) Goods b) Services c) Both goods and services d) None

95. Transfer of the ‘right to use any goods’ for any purpose for consideration is supply of
a) Goods b) Services c) Both goods and services d) None

96. Works contract is a supply of

a) Goods b) Services c) Both goods and services d) None

97. Services by an employee to the employer in the course of or in relation to his employment is a) Supply
of Goods b) Supply of Services
c) Supply of Both goods and services d) Not supply

98. Services by any court or Tribunal established under any law is

a)Supply of Goods b) Supply of Services
c) Supply of Both goods and services d) Not supply

99. The functions performed by the Members of Parliament, Members of State Legislature are

a) Supply of Goods b) Supply of Services

c) Supply of Both goods and services d) Not supply

100. Duties performed by any person in the Constitutional capacity are a) Supply
of Goods b) Supply of Services
c) Supply of Both goods and services d) Not supply

101. Services of funeral, crematorium or mortuary including transportation of the deceased is – a)Supply
of Goods b) Supply of Services
c) Supply of Both goods and services d) Not supply

102. Actionable claims, other than lottery, betting and gambling are
a)Supply of Goods b) Supply of Services
c) Supply of Both goods and services d) Not supply

103. Activities undertaken by the Government, or any local authority in which they are engaged as public
authorities are
a)Supply of Goods b) Supply of Services
c) Supply of Both goods and services d) Not supply

104. In the case of composite supply the rate of tax is

a) Average Rate of tax b) Rate of principal supply c) Highest rate d) None of these

105 A DTH company supplies a dish, set-top box, 3 year repairing and subscription of 500 channels for five
years services as a package to the customers for Rs. 25,000. This is a
a) Mixed supply b) Composite supply c) Joint Supply d) Not supply

106. One tooth paste and tooth brush and a toilet soap sold in a packet for Rs. 50, is
a) Mixed supply b) Composite supply c) Joint Supply d) Not supply

107. In the case of mixed supply the rate of tax is

a) Average Rate of tax b) Rate of principal supply c) Highest rate d) None of these

108. The Central Goods and Services Tax is levied under a) Section 9
of the CGST Act b) Section 10 CGST Act c) Section 8 of the IGST Act
d) Section 2 of the SGST Act

109. The charging section of CGST is

a) Section 9b) Section 10 c) Section 4 d) Section 2
110. When locally made food products or industrial components or raw materials supplied by unregistered
persons are purchased by a registered persons –
a) GST is applicable b) GST is not applicable c) Reverse charge is applicable d) Not taxable

111. Section 9(4) of the CGST Act deals with

a) GST b) Reverse charge c) Composite tax d) None of these

112. In the case of reverse charge, tax is paid to the government by a) Supplier
b) Buyer c) Manufacturer d) None

113. Mr. X, a jewellery owner received the services of a local interior designer (unregistered) and made a
payment of Rs. 1,00,000. Here if the rate of tax on interior designing service is 18%.
a) GST applicable b) Tax not applicable
c) Reverse charge applicable d) IGST applicable

114. On Services provided by E-commerce operator a) GST

applicable b) GST not applicable
c) Reverse charge applicable d) IGST applicable

115. Sec. 10(1) of the CGST Act deals pertains to -

a) Levy of GST b) Levy of Reverse Charge
c) Composition tax d) None of these

116. The notified limit for payment of composition levy is -

a) Rs. 1 Crore b) Rs. 20Lakh c) Rs. 50 Lakh d) Rs. 2 Crore

117. The notified limit for payment of composition levy in the case of special category states is
a) Rs. 1 Crore b) Rs. 20Lakh c) Rs. 50 Lakh d) Rs. 75 lakh

118. The rate of composition tax for trading firms is

a) 1% b) 2% c) 3% d) 12%

119. A Composite taxpayer is required to file summarised details of a) Annually b) Half yearly c) Quarterly
d) Monthly transactions
120. A taxpayer under the composition scheme
a) Can collect GST b) Can collect reverse tax
c) Cannot collect GST d) Can collect composite tax

121. A person liable to pay tax under Reverse Charge Mechanism a) Cannot
opt for composition b) Can opt for composition
c) Cannot collect GST d) Can collect composite tax

122. Composition scheme is available only for a) Inter

state supplies b) B2B supplies
c) Intra-state supplies d) E-commerce operators

123. If the person has inter-state transactions, composition scheme is

a) Not allowed b) Optional c) Compulsory d) None of the above

124. In order to adopt composition scheme by more than one registered persons having the same Permanent
Account Number, turnover of
a) All must be less than Rs. 1 crore b) At least one must be below Rs. 1 crore
c) All must be more than Rs. 20 lakh b) At least one must be less Rs. 20 lakh.

125.Persons eligible for composition levy include

a) A casual taxable person b) A non-resident taxable person
C) Person who has inter-state trade d) Person with turnover of less than Rs. 1 crore

126. Hotels eligible for composition scheme shall be liable to pay tax at the rate of
 a) 5% b) 1% c) 18% d) 12%

127. GST applicable on Five star Hotel Restaurants is

a) 5% b) 18% c) 28% d) 40%

128. Time of supply means the date of issue of invoice or date of payment
a) Whichever is earlier b) whichever is later
c) any of the two or d) none of the above

129. In respect of the additional payment for value of supply like interest, late fee etc., the time of supply is
a) Date additional payment b) Date of original payment
c) date on which supply was received d) Any date at the option of the supplier

130. Mr. C sold goods worth Rs. 30000 to Mr. Dr on 5.8.2017, which were sent on 6.8.2017, the invoice
date being 15.8.2017 and the goods were received by Mr. D on 5.9.2017. Time of supply is
a) 5.8.2017 b) 6.8.2017 c) 15.8.2017 d) 5.9.2017

131. Mr. Kumar sold goods worth Rs. 40,000 to Mr. Lalu on 2.8.2017, but the payment was received from
Mr. Lalu on 2.10.2017. Time of supply is -
a) 2.8.2017 b) 2.10.2017 c) either 2.8.2017 or 2.10.2017 d) None of these

132. If it is not possible to determine the time of supply, the time of supply shall be a) decided
by the supplier b) decided by the recipient
c) date of entry in the books of recipient d) date of entry in the books of supplier

133. Under GST law value of supply -

a) shall not include GST paid b) shall include GST paid
c) shall include taxes other than GST d) shall not include any tax

134. Under GST law value of supply shall -

a) include Incidental expenses b) not include Incidental expenses
c) include charges only after payment by the recipient d) include after payment by supplier

135. Interest, late fee or penalty for delayed payment of any consideration is
a) Included in value of supply b) Not included in value of supply
c) Included if the recipient requests d) Included at the option of the supplier

136. When the supply of goods or services is for a consideration not wholly in money, the value of the
supply shall be
a) Value declared by the supplier b) value declared by the recipient
c) Open market value of such supply d) None of these

137. A new mobile handset is supplied for Rs.10,000 exchanging an old phone. Without exchange offer the
price of handset is Rs 25,000. Market Value of similar phones is Rs.20,000. What is the value of supply?
a) Rs 10,000 b) Rs 20,000 c) Rs 25,000 d) Either Rs 25,000 or Rs 20,000

138. A laptop is supplied receiving Rs. 30,000 and a mobile phone worth Rs. 20,000. Value of supply –
a) Rs 20,000 b) Rs 30,000 c) Rs 50,000 d) Rs 10,000

139. Tax paid on goods or services involved in supply is called

a) Output tax b) Input tax c) Composite tax d) Reverse tax

140. Tax collected at the time of supply of goods or services is called a) Output
tax b) Input tax c) Composite tax d) Reverse tax

141. Input tax credit is allowed to

a) Any one who has paid tax b) Any registered person
c) Any Composite dealers d) Any dealer under GST
142. Input tax credit shall be allowed only on the support of
a) Delivery note b) Payment slip c) Credit note d) Tax invoice

143. Input tax credit shall be allowed only against

a) Any tax payable b) Output tax c) Composite tax d) Refund

144. Where the goods are received in lots or instalments input tax credit can be claimed a) upon
reciept of first lot b) upon receipt of the last lot
c) Any time at the option of the supplier d) after full payment of price

145. Where a recipient fails to pay the price within 180 days from the date of issue of invoice, he shall be
liable to pay input tax credit to the Government with --- % interest
a) 10% b) 12% c) 18% d) None of these

146. Input tax credit of an invoice can be availed within a period of -- or the 30th September following the
year of invoice whichever is earlier.
a) 2 years b) 1 year c) 6 months d ) 3 Months

147. If goods or services are partly used for business purposes and partly for other purposes, input tax credit
a) can be fully claimed b) can be partly claimed c) cannot be claimed d) Not applicable

148. Input tax credit is not available for

a) services b) zero rated supplies c) taxable supplies d) exempt supplies

149. Input tax credit is not available for supplies to

a) SEZ b) Exports c) Provide non taxable services d) Produce taxable goods

150. Input tax for personal vehicles

a) can be claimed by any dealer b) Blocked credit
c) can be claimed by GST dealers d) Can be claimed by any person.

151. Input tax credit in respect of food and beverages, outdoor catering, beauty treatment, health services,
cosmetic and plastic surgery belong to
a) Exempt category b) Composite tax category c) Blocked credit category d) None of these.

152. Input tax credit in respect of food membership of a club, health and fitness centre belong to a) Exempt
category b) Blocked credit category c) Composite tax category d) None of these.

153. Input tax credit in respect of rent-a-cab, life insurance and health insurance belong to
a) Blocked credit category b) Exempt category c) Composite tax category d) None of these

154. Input tax credit in respect of goods lost, stolen, destroyed, written off or disposed of by way of gift or
free samples; belong to
a) Exempt category b) Composite tax category c) Blocked credit category d) None of these

155. Goods or services or both on which tax has been paid under section 10 belong to
a) Exempt category b) Composite tax category c) Blocked credit category d) None of these

156. Input tax credit is not allowed on the support of

a) Tax invoice issued by the supplier b) A debit note issued by a supplier
c) An Input Service Distributor invoice d) Delivery chalan

157. Reversal of input tax credit happens when

a) Recipient does not pay the amount within 180 days b) When goods are of inferior quality c) Supplier
refuses to accept payment d) None of these

158. In the case of reversal of input tax credit, interest at the rate of --- % is applicable
a) 8% b) 12% c) 18% d) 24%
159. Reversal of Input tax credit happens when a person fails to pay the amount of price including tax to
the supplier within a period of
a) 180 days b) 30days c) 60days d) 90 days

160. Input Service Distributor means

a) Any service provider b) Any GST registered service provider
c) Office distributing common service d) Office distributing common input tax credit

161. Input Service Distributor shall distribute the credit of CGST a) Either
as CGST or IGST b) as CGST only
c) SGST only d) Either as CGST or as SGST

162. When an exempt supply in the hands of registered person becomes a taxable supply, such person a)
can take credit of input tax b) is not entitled to take credit of input tax
c) liable to pay tax on stock d) liable to pay reverse charge

163. A registered person, after availing input tax credit, opts for composition levy,
a) shall be liable to pay the input tax on stock or capital goods b) shall not be liable to pay tax
c) liable to pay reverse charge d) None of these

164. In case of transfer of capital goods or plant and machinery the registered person shall
a) not be liable to pay input tax credit claimed b) be liable to pay the input tax credit claimed
c) liable to pay reverse charge d) None of these

165. Tax credit in respect of goods or inputs sent for job work can be claimed by
a) Job worker b) Principal c) Either by Job worker or Principal d) Not eligible for input credit

166. A registered person shall not be entitled to take input tax credit after a) Three
months of issuing tax invoice b) Six months of issuing tax invoice
c) One year from the date of issue of tax invoice d) Two years of issuing tax invoice

167. A registered person need not issue a tax invoice if the value of supply less than
a) 100 b) Rs. 200 c) 500 d) 1000

168. A registered person supplying exempted goods or services or paying composition tax under
section 10 shall issue

a) GST Bill b) Bill of supply c) Delivery chalan d) Debit note

169. A registered person shall, on receipt of advance payment for goods or services, issue a) GST
Bill b) Bill of supply c) Receipt voucher d) Debit note

170. After issuing a receipt voucher for advance payment, if no supply is made may be issued against such
payment.
a) Refund voucher b) Debit note c) Tax invoice d) Bill of supply

171. In a tax invoice of supply of Rs. 50,000 or more to an unregistered person, the name and address of the
recipient and the address of delivery are
a) Optional b) Compulsory in all cases
c) compulsory to avail input tax credit d) compulsory if the recipient insists

172. In a tax invoice of supply of less than Rs. 50,000 to an unregistered person, the name and address of
the recipient and the address of delivery are
a) Optional b) Compulsory in all cases
c) compulsory to avail input tax credit d) compulsory if the recipient insists

173. An unregistered person

a) is allowed to collect GST b) is not allowed to collect GST
 b) is allowed to collect composite tax c) is allowed to collect reverse tax
c)
174. A consolidated invoice at the end of a month for supplies on which reverse charge is applicable is
required when the aggregate value of such supplies exceeds
a) Rs. 1,000 in a day b) Rs. 5,000 in a day c) Rs. 10,000 in a day d) Rs. 50,000 in a day

175. In the case of sale to an unregistered person, a registered person may not issue a tax invoice, if the
value of supply is
a) less than Rs. 100 b) less than Rs. 200 c) less than Rs. 500 d) less than Rs. 1,000

176. In the case of the taxable supply of services the invoice shall be issued within a period of a) 15days
b) 30 days c) 45 days d) 90days

177. The original copy of a tax invoice of goods belongs to

a) Recipient of supply b) Transporter of supply c) The supplier d) GST department

178. The duplicate copy of a tax invoice of goods belongs to

a) Recipient of supply b) Transporter of supply c) The supplier d) GST department

179. The triplicate copy of a tax invoice of goods belongs to

a) Recipient of supply b) Transporter of supply c) The supplier d) GST department

180. A bill of supply is issued in the case of

a)Taxable goods b) Reverse charge c) Exempt goods d) Composite supply

181. A Debit note is issued to the recipient of goods or services if

1) Taxable value is found to be excess 2) The goods are returned by the recipient;
3) Goods supplied are found to be deficient 4) Tax charged is found to be lesser

182. Mr. P supplied goods of Rs. 1,00,000, to Mr. Q, who returned goods of Rs 10,000 due to
inferior quality. Mr. P will later issue
a) Credit note b) Debit note c) Tax invoice d) Delivery challan

183. A credit note is issued to the recipient of goods in the following cases
1) When the taxable value of goods found to be less 2) Tax charged found to be less
3) When the recipient refuses to make payment 4) None of these

184. Mr. X supplied goods to Mr. Y the cost was Rs. 1,00,000 but wrongly billed as Rs. 10,000. Mr. X will
later issue
a) Debit note to Mr.Y a) Credit note to Mr.Y
c) Tax invoice to Mr.Y d) Delivery chalan to Mr.Y

185. In the case of supply of liquid gas where the quantity at the time of removal from the place of business
of the supplier is not known
a) Delivery challan is not required b) Tax invoice is not required c) Debit
note is required d) credit note is required

186. In the case of transportation of goods for job work,

a) Delivery challan is required b) Tax invoice is required
c) Debit note is required d) credit note is required

187. The eligible input tax will be automatically credited to the a)

Electronic Credit Ledger b) Electronic cash ledger
c) Electronic Liability register d) None of these

188. 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
189. The input tax credit as self-assessed in the return of a registered person shall be credited to his
electronic
a) Cash Ledger c) Liability register c) Credit Ledger d) Debit ledger

190. IGST credit shall first be utilised towards payment of

a) CGST b) SGST c) IGST d) UTGST

191. The balance of IGST credit after set off IGST can be used towards the payment of
a) CGST b) SGST c) IGST d) UTGST

192. The balance of CGST credit after set off of CGST can be used towards the payment of
a) SGST b) UTGST c) either SGST or UTGST d) IGST

193. SGST or UTGST shall not be utilised towards payment of a) CGST

b) IGST c) SGST d) UTGST

194. Tax and other dues of a registered person is recorded in a)

Electronic credit ledger b) Electronic Cash Ledger
c) Electronic Liability register d) None of these
195. The Electronic Liability Register of a person shall be credited by -

a) The amount payable towards tax b) The amount of penalty or any other amount payable c) Any
amount of interest that may accrue from time to time d) None of these

196. Balance of Input credit of SGST after output tax liability of SGST can be utilised to set off a) CGST b)
UTGST c) IGST d) None of these

197. Every person who fails to pay tax shall be liable to pay interest not exceeding a) 10% b)
12% c) 18% d) 24%

198. A taxable person who makes an undue or excess claim of input tax credit shall be liable to pay interest
not exceeding
a) 10% b) 12% c) 18% d) 24%

199. TDS rate under GST is

a) 1% b) 2% c)3% d)5%

200. TDS provision applicable only when the total value of supply, under a contract, exceeds
a) Rs. 1,00,000 b) Rs. 1,50,000 c) Rs. 2,00,000 d) Rs. 2,50,000

201. TDS is not allowed in the case of

a) A department or State Government b) Local authority; or
c) Governmental agencies d) E-commerce operators

201. For the purpose of TDS, the value of supply shall be taken as the amount in the invoice
a) Excluding tax b) Including tax c) Before discount d) None of these

202. After making TDS if the deductor fails to furnish the certificate within five days of crediting the
amount so deducted to the Government, the deductor shall pay a late fee of

a) Rs.100 per day b) Rs.150 per day c) Rs.200 per day d) Rs.250 per day

203. Collection of Tax at Source is relevant in the case of

a) Government departments b) E-commerce operators c) Any GST dealers
d) Contractors
204) TCS rate under GST is a) 5% b) 2% c) 3% d) 1%
205) E-commerce operators should submit return of TCS
a) Monthly b) Every three months c) Every year d) Monthly and Annually

206. Refund of GST is not applicable in the case of

a) Imports b) Notified Multilateral Financial Institution
c) Embassy of foreign countries ii) Zero rated supplies;

207. A situation where the rate of tax on input is more than rate of tax on output is
a) Inverted duty structure b) excess input tax credit c) Compensation Cess d) Refund

208) GST paid for supplies exported from the country is

a) Refunded to the exporter b) Refunded only if exported from SEZ
c) Not refunded d) Refunded to the state from which export happens

209. GST registration is mandatory if the aggregate turnover in a financial year exceeds a) Rs. 20
lakh b) Rs. 50 lakh c) Rs. 75 lakh d) Rs. 1 Crore

210. In specified category states GST registration is mandatory if the aggregate turnover in a financial year
exceeds
a) Rs. 1 Crore b) Rs. 10 lakh c) Rs. 20 Lakh d) Rs. 75 lakh

211. GST registration is not compulsory in the case of

a) Casual taxable persons making taxable supply; b) Persons under reverse charge; c) Non-
resident making taxable supply; d) Person dealing in exempt goods alone

212. GST registration is not compulsory in the case of

a) Input Service Distributor b) Electronic commerce operator
c) Dealer in Exempt goods d) Persons making any inter-state taxable supply

213. A person who is liable to be registered shall apply for registration within --- from the date on which he
becomes liable to registration
a) 10 b) 15 days b) 30 days c) 90 days

214. If a person liable to be registered has operation in more than one State, he should a) Obtain
registration in all states b) obtain registration in any one state
c) registration is optional d) Registration not mandatory

215. A casual taxable person or a non-resident taxable person shall apply for registration at least ---
prior to the commencement of business
a) 3 days b) 5 days c) 10 days d) 15days

216. Every person who makes a supply from the territorial waters of India
a) shall obtain registration in the coastal State/ union territory b) Any state in India c)
registration not required d) Registration is optional

217. Unique Identity Number’ is not relevant in the case of

a) United Nations Organisation b) Multilateral Financial Institution Consulate,
c) Embassy of foreign countries d) GST dealers

218. TAN refers to

a) Tax Deduction and Collection Account Number b) Tax acknowledgement number c) Tax
accounting Number d) Tax Assessment Number

219. If the proper officer does not take any action within a period of three working days from the date of
submission of the application for GST registration -
a) Fresh application shall be submitted b) Implies Rejection of registration c)
Deemed registration d) implies registration not required.

220. GSTIN refers to

a) GST Information Number b) GST Information and Network
c) General sales tax identification number d) GST identification Number

221. GST number does not include

a) PAN b) State Code c) Aadhaar Number d) Alphabet Z

222. A person getting registered online

a) gets simultaneous registration under CGST Act and SGST Act or UTGST Act.
b) gets CGST registration only
c) gets SGST registration only
d) does not get complete registration under GST

223. The certificate of registration issued to a casual taxable person or a non-resident taxable person shall be
valid for a period of
a) 30 days b) 90 days c) 6 months d) one year

224. As a result of any survey or search if the proper officer finds that a person liable to registration, he
will be given
a) Deemed registration b) Suo moto registration
c) Cancelled registration d) suspected registration

225. Registration once granted

a) Can be amended b) Cannot be amended c) is temporary d) None of these

226. Which of the following is not a reason for cancellation of registration?

a) Business has been discontinued b) Business transferred fully
c) Taxable person is no longer liable to be registered d) Shifted the business place

227. Which of the following is not a reason for cancellation of registration by proper officer? a)
contravened the provisions of the Act or the rules b) Not furnished returns in time
c) has not paid tax in time d) Registration has been obtained by means of fraud

228. Cancellation of registration

a) cannot be revoked b) can be revoked
c) can be revoked by GST council d) is not possible

229. Which among the following is not compulsory among he accounts and records maintained by the GST
dealers
a) Inward and outward supplies b) Stock of goods c) Input tax
credit availed d) Sundry Debtors

230. Every registered person should keep and maintain the prescribed books of accounts and records a) At
all the offices b) at principal place of business
c) wherever requested by the GST officers d) electronically

231. Maintaining books of accounts in electronic form is a)

compulsory b) optional
c) compulsory if turnover is more than 1 crore d) compulsory if turnover is more than 10 crore

232. When turnover during a financial year exceeds --- the accounts and other records must be audited by a
chartered accountant or a cost accountant
a) 1 crore b) 2 crore 3) 5 crore 4) 10 crore

233. Every registered person required to keep and maintain books of account or other records a) for a
period of 2 years b) for a period of 3 years
c) for a period of 5 years d) for a period of 6 years

234. Details of outward supply shall be furnished in

a) GSTR 3 b) GSTR 2 c) GSTR 1A d) GSTR1
235 GSTR-1 has to be mandatorily done by the
a) 30th of next month b) 20th of next month c) 15th of next month d) 10th of the next month.

237. GSTR-2A is autogenerated from

a) GSTR 3 b) GSTR 2 c) GSTR 2A d) GSTR1

238. ---- gives the details of goods or services received by the recipients. It is auto populated out of the
GSTR -1 submitted by different suppliers

a) GSTR 3 b) GSTR 3B c) GSTR - 2A d) GSTR 9

239. GSTR-2 gives the details of

a) all inward supplies b) all outward supplies c) Composite tax d) TDS

240. GSTR - 2A is made available on the 11th of the next month for the a)
Recipients of supplies b) Suppliers c) GST officers d) Customers

241. GSTR-3 is auto-populated by 20th of the next month containing the details of a) Outward
supplies b) inward supplies
c) all outward as well as inward supplies d) None of these

242. GSTR-4A is generated quarterly for

a) GST dealers b) Customers
c) Composition scheme taxpayers d) Ecommerce operators

243. Returns to be filed by Non-Resident Taxpayer is a) GSTR-3

b) GSTR-4 c) GSTR- 4A d) GSTR-5

245. GSTR-6A is meant for

a) GST dealers b) Composition scheme taxpayers
c) Ecommerce operators d) Input Service Distributor

246. GSTR-7 contains details of

a) TDS b) TCS c) Composition tax d) Outward supply

247. GSTR-8 shall contain the details of all the supplies made by the
a) Input service distributors b) E-Commerce seller c) GST dealers d) Composition dealers

248. GSTR-9 is also called

a) Annual Return b) Monthly return c) Quarterly return d) Half yearly return

249. GSTR-9A is the annual return for

a) Input service distributors b) E-Commerce seller c) GST dealers d) Composition tax payers.

251. Form GSTR-9B is also called

a) Annual Return b) Monthly return
c) Quarterly return
d) Reconciliation statement
252. Final return in Form GSTR-10 is relevant in the case of a) Input
service distributors b) E-Commerce seller
c) GST dealers d) Cancellation of registration

253. Final return in Form GSTR-10 should be submitted

a) within one year of registration b) within 3 months of such cancellation of registration c) within 3
months of outward supply d) within one month of renewal of registration

254. Government body or a United Nations Body, then a monthly Form GSTR-11 has to file
a) GSTR 11 b) GSTR8A c) GSTR 9A d) GSTR 5
255. A registered person under GST can file quarterly return if the turnover is
a) 2lakh or less b) 75 lakh or less c) One crore of less d) 1.5 crore or less

256. Adding or correcting the details of an outward supply in valid return so as to match the details of
corresponding inward supply is called
a) Rectification of return b) reversal of return c) reconciliation of return d) acceptance of return

257. Assessment under section 59 is

a) Best judgement assessment b) Provisional assessment c) Self assessment d) Protective assessment

258. voluntary estimation of tax obligations is called

a) Best judgement assessment b) Provisional assessment c) Self assessment d) Protective assessment

259. The proper officer shall pass an order, allowing payment of tax at such rate or on such value as may be
specified by him. This is called
a) Best judgement assessment b) Provisional assessment c) Self assessment d) Protective assessment

260. The proper officer may assess the tax liability on the basis of available information, evidences which is
called
a) Best judgement assessment b) Provisional assessment c) Self assessment d) Protective assessment

261. Assessment under section Sec. 62 is called

a) Self assessment b) Provisional assessment c) Best judgement assessment d) Protective
assessment

262. Best judgement assessment is carried out

a) under section 59 b) under section 60 c) under section 62 d) under section 64

263. Summary Assessment under section 64 is also called a) Self

assessment b) Provisional assessment
c) Best judgement assessment d) Protective assessment

265. Electronic Way Bill is compulsory to move goods of worth

a) Rs. 10,000 or more b) 20,000 or more c) 50,000 or more d) 1,00,000 or more

266. Which among the following is not related to e-way bill

a) RFID b) IRN c) FORM GST INS-01 d) GSTR -9

267. validity of e-way bill is -

a) one day for each 100 k.ms b) two days for each 100 kms
c) one day for each 200 kms d) one day for each 500 kms

268. Where a vehicle has been intercepted and detained for a period exceeding thirty minutes, the
transporter may upload the said information on the common portal in
a) FORM GST INS - 0 4 b) FORM GST INS - 0 10
c) FORM GST INS - 0 9 d) FORM GST INS - 0 6

269. Input tax credit is not available in the case of supply to

a) SEZ b) Exports c)UN agencies d) Composite dealers

270. Input credit available without being liable for output tax in the case of
a) Exempt goods b) Non taxable goods c) Zero rated goods d) Demerit goods

271. Compensation cess is levied on

a) Demerit goods b) Luxury goods c) Demerit goods and luxury goods d) Essential goods
272. Goods which are harmful but widely consumed are collective called a) demerit
goods b) merit goods c) inferior goods d) white goods

273. Sin tax refers to heavy tax on

a) Demerit goods b) White goods c) Food products d) Medicines

274. Tax on demerit goods is called

a) Double tax b) Luxury tax c) Sin tax d) Demerit tax
275. GST council meeting is convened
a) every week b) every month c) every 3 months d) any time as required
276. After introduction of GST export from India is subject to --
a) IGST b) CGST plus SGST c) Zero rated d) SGST plus CGST plus IGST
 GST MCQs
1 . IGST is payable when the supply is ........

a) Interstate c) Intra-state

b) Intra- UT d) All of the above

2 . Maximum rate of CGST prescribed by law for intrastate supply made is.......

a) 18% c) 20%

b) 40% d) 28%+cess

3 . Which of the following taxes have been subsumed in GST?

a) Central sales tax b) Central excise duty

c) VAT d) All of the above

4 . GST is levied on supply of all goods and service except.....

a) Alcoholic liquor for human consumption b) Tobacco

c) Health care service d) All of the above

5 . The functions of goods and services network (GSTN) include....

a) Facilitating registration

b) Forwarding the return to central and state authorities

c) Computation and settlement of GST

d) All of the above

6 . Aggregate turnover does not include-

(a) Inward supplies on which tax is payable on reverse charge basis

(b) Exempt supplies

(c) Export of goods or services or both

(d) Inter-State supplies of persons having the same PAN number

7 . Which of the following are benefits of GST?

1) Creation of unified national market

2) Boost to ‘Make in India' initiative

3) Reduction of compliance burden on taxpayers

4) Buoyancy to the Government Revenue

5) Elimination of multiple taxes and double taxation

Select the correct answer from the options given below

a. 1, 3, 4 & 5
1
b. 2, 3, 4 & 5

c. 1, 2, 4 and 5

d. 1, 2, 3, 4 and 5

8 . Which of the following is/are included in definition of “Goods” as defined under section
2(52) of the CGST Act, 2017-

I. Money

II. Actionable claim

III. Security

IV. Growing crops

Select the correct answer from the options given below

a. IV only

b. II & III

c. II & IV

d. I & II

9 . A __________ supply comprising of two or more supplies shall be treated as the supply
of that particular supply that attracts highest rate of tax.

a) Composite b) Mixed

c) Both (a) and (b) d) None of the above

10 . GST is a comprehensive tax regime covering _________

a) Goods b) Services

c) Both goods and services d) Goods, services and imports

11 . What are the taxes levied on an intra-State supply?

(a) CGST (b) SGST

(c) CGST and SGST (d) IGST

12 . Who will notify the rate of tax to be levied under CGST Act?

(a) Central Government

(b) State Government

(c) GST Council

(d) Central Government as per the recommendations of the GST Council

13 . Which of the following taxes will be levied on imports?

(a) CGST (b) SGST

(c) IGST (d) CGST and SGST

2
14 . Which of the following is not included in aggregate turnover?

a) Exempt supplies of goods or services or both

b) Export of goods or services or both

c) Inter-State supply of goods or services or both

d) Value of inward supplies on which tax is paid under reverse charge

15 . The IGST Act,2017 extends to the

a. Whole of India except the state of Jammu & Kashmir

b. Whole of India

c. Whole of India except the state of Jammu & Kashmir & Pondicherry

d. None of the above

16 . What is time of supply of goods, in case of forward charge?

(a) Date of issue of invoice

(b) Due date of issue of invoice

(c) Date of receipt of consideration by the supplier

(d) Earlier of (a) & (b)

17 . What is time of supply of goods, in case of supplier opting for composition levy under
Section 10 of the CGST Act, 2017?

(a) Date of issue of invoice

(b) Date of receipt of consideration by the supplier

(c) Latter of (a) & (b)

(d) Earlier of (a) & (b)

18 . What is the time of supply of vouchers when the supply with respect to the voucher is
identifiable?

(a) Date of issue of voucher

(b) Date of redemption of voucher

(c) Earlier of (a) & (b)

(d) (a) & (b) whichever is later

19 . What is the time of supply of vouchers when the supply with respect to the voucher is not
identifiable?

(a) Date of issue of voucher

(b) Date of redemption of voucher

(c) Earlier of (a) & (b)

3
(d) (a) & (b) whichever is later

20 . What is the time of supply of service if the invoice is issued within 30 days from the date
of provision of service?

a) Date of issue of invoice

b) Date on which the supplier receives payment

c) Date of provision of service

d) Earlier of (a) & (b)

21 . What is the time of supply of service where services are received from an associated
enterprise located outside India?

a) Date of entry of services in the books of account of recipient of service

b) Date of payment

c) Earlier of (a) & (b)

d) Date of entry of services in the books of the supplier of service

22 . Time of supply means

a. The point in time when GST is actually paid by the supplier of goods or services

b. The point in time when GST is actually paid after taking input credit by the supplier of goods or services

c. The point in time when goods have been deemed to be supplied or services have been deemed to be
provided

d. The point in time when GST return is filed by the supplier of goods or services

23 . What is the time of supply of services where the supplier is liable to pay tax under
forward charge and the invoice is not issued within prescribed period under section 31(2)?

a. Date of issue of invoice

b. Date of completion of provision of services

c. Date of receipt of payment

d. Date of completion of provision of service or date of receipt of payment; whichever is earlier.

24 . What is the time of supply of import of service?

a. Date of entry of services in the books of account of recipient of service

b. Date of payment

c. 61st day from the date of invoice

d. Earlier of (a) & (b)

e. Earlier of (b) & (c)

25 . Which of the following shall not be included in value of supply?

a) GST
4
b) Interest

c) Late fee

d) Commission

26 . The value of supply should include:

a) Any non-GST taxes, duties, cesses, fees charged separately by supplier

b) Interest, late fee or penalty for delayed payment of any consideration for any supply

c) Subsidies directly linked to the price except subsidies provided by the Central and State Governments

d) All of the above

27 . Value of supply under section 15(1) is:

a) Wholesale price

b) Market value

c) Maximum retail price

d) Transaction value

28 . Which of the following forms part of transaction value?

1) GST compensation cess

2) Payments made to third parties by the recipient on behalf of the supplier in relation to the supply

3) Entertainment tax levied by local authority

4) Commission paid to an agent and recovered from the recipient

5) Inspection charges at recipient’s site

6) Charges for delay in payment waived off by supplier

State the correct answer from the options given below

a. 1, 2, 3, 4 & 5

b. 2, 3, 4, 5 & 6

c. 2, 3, 4 & 5

d. All of the above

29 . When can the transaction value be rejected for computation of value of supply

(a) When the buyer and seller are related and price is not the sole consideration

(b) When the buyer and seller are related or price is not the sole consideration

(c) It can never be rejected

(d) When the goods are sold at very low margins

5
30 . What deductions are allowed from the transaction value

(a) Discounts offered to customers, subject to conditions

(b) Packing Charges, subject to conditions

(c) Amount paid by customer on behalf of the supplier, subject to conditions

(d) Freight charges incurred by the supplier for CIF terms of supply, subject to conditions

31 . Rule 30 of the CGST Rules inter alia provides value of supply of goods or services or both
based on cost shall be ……………% of cost of production or manufacture or the cost of
acquisition of such goods or the cost of provision of such services

(a) 100

(b) 10

(c) 110

(d) 120

32 . Aggregate turnover includes:

a) Taxable supplies of goods or service or both

b) Exempt supplies of goods

c) Exports

d) All of the above

33 . Which of the following persons are not liable for registration?

a) Any person engaged exclusively in supplying services wholly exempt from tax

b) Casual Taxable Person

c) Both (a) and (b)

d) None of the above

34 . Within how many days a person should apply for registration?

a. Within 60 days from the date he becomes liable for registration.

b. Within 30 days from the date he becomes liable for registration.

c. No Time Limit

d. Within 90 days from the date he becomes liable for registration.

35 . A person having _______business verticals in a State ______ obtain a separate

registration for each business vertical.

a. Single, shall

b. Multiple, shall

c. Multiple, may

6
d. Single, may

36 . What is the validity of the registration certificate?

a. One year

b. No validity

c. Valid till it is cancelled.

d. Five years.

37 . The registration certificate granted to Non-resident taxable person is valid for days from
the effective date of registration.

a. 30

b. 60

c. 90

d. 120

38 . If an entity has multiple branches within the same state, it requires

a) Registration for each branch separately

b) Single registration for all the branches

c) Multiple registration or single registration at the option of the Assessee

d) Registration for each branch separately if the turnover of each branch exceeds INR 20 Lakhs

39 . Which of the following persons are not liable for registration?

a) Any person engaged exclusively in supplying goods or services wholly exempt from tax

b) Causal taxable person

c) Non-resident taxable person

d) None of the above

40 . An agriculturist is not required to take registration if he supplies

a) Any agricultural produce

b) Any agricultural produce grown by him or other agriculturalist

c) Agricultural produce out of cultivation of land

d) All the above

41 . Which of the following forms are used for applicable for registration?

a) Form GSTR-1

b) Form GSTR-2

c) Form GST REG-01

7
d) Form GST REG-02

42 . Which of the following statement are correct?

a) Voluntary registration not possible under GST

b) Voluntarily registered person is not liable to comply with all the provisions of the GST

c) A person may get himself registered voluntarily and shall comply with all the provisions of GST

d) None of the above

43 . An E-commerce operator should get itself registered

a) Irrespective of the threshold limit

b) If his aggregate turnover exceeds the threshold limit of INR 20,00,000

c) If he is liable to collect tax at source and his aggregate turnover exceeds the threshold limit

d) If he is liable to collect tax at source

44 . There will be deemed approval of registration if no action is taken on application

a) Within a period of 3 working days from the date of submission of the application

b) Within a period of 7 working days from the date of submission of the application

c) Within a period of 10 working days from the date of submission of the application

d) Within a period of 14 working days from the date of submission of the application

45 . A certificate of registration shall be issued by the proper officer in form

a) GST REG-02

b) GST REG-03

c) GST REG-04

d) GST REG-06

46 . Which of the following requires amendment in the registration certificate?

a) Change of name of the registered person

b) Change in constitution of the registered person

c) Switching over from composition scheme to normal scheme or vice versa

d) All of the above

47 . A voluntarily registered person’s registration can be cancelled if the person does not
start business within

a) 3 months from the date of registration

b) 6 months from the date of registration

c) 9 months from the date of registration

8
d) 1 months from the date of registration

48 . Registration can be cancelled by the proper officer if the person registered under
composition scheme has not furnished return for

a) 3 consecutive tax periods

b) 6 consecutive tax periods

c) For a consecutive period of 6 months

d) For a consecutive period of 1 year

49 . Any registered person, whose registration is cancelled by the proper officer on his own
motion may apply to such officer for revocation of cancellation of the registration in the
prescribed manner within____ from the date of service of the cancellation order.

a. 180 days

b. 120 days

c. 90 days

d. 30 days

50 . The proper officers may cancel suo motu the registered where a person paying tax has
not furnished returns for ____

a. 3 consecutive tax periods

b. 4 consecutive tax periods

c. 2 consecutive tax periods

d. 5 consecutive tax periods

51 . As per section 25 of CGST Act, 2017, a casual taxable person shall apply for registration
at least _____ prior to the commencement of business.

a. 5 days

b. 10 days

c. 7 days

d. 30 days

52 . In case of taxable supply of services, invoice shall be issued within a period of

__________ from the date of supply of service.

a) 30 days

b) 45 days

c) 60 days

d) 90 days

53 . In case of taxable supply of services by an insurer, invoice shall be issued within a period
of __________from the date of supply of service.

9
a) 30 days

b) 45 days

c) 60 days

d) 90 days

54 . Where the goods being sent or taken on approval for sale or return are removed before
the supply takes place, the invoice shall be issued:

a) before/at the time of supply

b) 6 months from the date of removal

c) Earlier of (a) or (b)

d) None of the above

55 . Registered person may issue a consolidated tax invoice for such supplies at the close of
each day in respect of all such supplies provided

a) The recipient is not a registered person

b) The recipient does not require such invoice

c) The value of goods and services or both per invoice is less than INR 200

d) All the above conditions are satisfied

56 . In case of supply of exempted goods or services or both, the registered person shall issue

a) A tax invoice

b) A bill of supply

c) Receipt voucher

d) Any of the above

57 . In case of supply of goods by a composition dealer the registered person shall issue

a) A tax invoice

b) A bill of supply

c) Receipt voucher

d) Any of the above

58 . Where advance payment is received, the registered person shall issue

a) A tax invoice

b) A bill of supply

c) Receipt voucher

d) Any of the above

59 . The tax invoice in case of supplier of goods is issued in

10
a. Triplicate

b. Duplicate

c. Either (a) or (b) at the option of Taxpayer

d. Either (a) or (b) at the option of PO

60 . What is the nature of supply if the nature of Supply is not determinable?

a. Intra-state

b. Inter-state

c. Either (a) or (b) at the option of Taxpayer

d. Either (a) or (b) at the option of PO

61 . Which of these electronic ledgers are maintained online?

a) Electronic liability register

b) Electronic credit ledger

c) Electronic cash ledger

d) All of the above

62 . Deposits towards tax, penalty, interest, fee or any other amount are credited into the
_________________of a taxable person.

a) Electronic liability register

b) Electronic credit ledger

c) Electronic cash ledger

d) All of the above

63 . Input tax credit as self-assessed in the return of the registered person shall be credited
to which of the following ledger?

a) Electronic liability register

b) Electronic credit ledger

c) Electronic cash ledger

d) All of the above

64 . Which of the following items are debited to electronic credit ledger?

a) Output tax

b) Interest

c) Penalty

d) All of the above

64 . Which of the following items are debited to electronic credit ledger?

11
a) Output tax

b) Interest

c) Penalty

d) All of the above

66 . Which input tax credit cannot be claimed against which output tax liability?

a) IGST, SGST

b) CGST, IGST

c) SGST, IGST

d) CGST, SGST

67 . Interest is payable on:

a) Belated payment of tax

b) Undue/excess claim of input tax credit

c) Undue/ excess reduction in output tax liability

d) All of the above

68 . Which of the following liability cannot be adjusted against input tax credit of CGST?

a) IGST

b) SGST/UTGST

c) All of the above

d) None of the above

69 . Which of the following shall be discharged first, while discharging liability of a taxable
person?

a) All dues related to previous tax period

b) All dues related to current tax period

c) Demand raised under section 73 and 74

d) No such condition is mandatory

70 . Which date is considered as date of deposit of the tax dues

a) Date of presentation of cheque or

b) Date of payment or

c) Date of credit of amount in the account of Government

71 . Who is required to furnish details of outward supplies in Form GSTR-1?

a) Person paying tax under composition scheme

12
b) Non-resident taxable person

c) Both (a) & (b)

d) None of the above

72 . What does N stand for in HSN?

a) Network

b) Nationalization

c) Nomenclature

d) Nomination

73 . Which form is furnished for submission of details of outward supplies u/s 37?

a) GSTR-1

b) GSTR-2

c) GSTR-3

d) GSTR-5

74 . What is the due date for submission of monthly GSTR-1?

a) on or before 10th day of the immediately succeeding month

b) on or before 15th day of the immediately succeeding month

c) on or before 17th day of the immediately succeeding month

d) on or before 20th day of the immediately succeeding month

75 . Composition tax payer is required to file return in Form no. ______.

a) GSTR-2

b) GSTR-3

c) GSTR-4

d) GSTR-5

76 . The due date for filing GSTR-3B is _______.

a) on 10th day of the next month

b) on 15th day of the next month

c) on 17th day of the next month

d) on or before 20th day of the next month

77 . Which of the following are not required to file the Annual Return?

a) Input Service Distributor

b) Casual Taxable Person

13
c) Non-resident Taxpayer

d) All of the above

78 . As per GST Law only citizen of India can act at as GST practitioner

a. False

b. True

c. Partly one

d. None of the above

79 . Who is authorised to conduct audit under section 35(5) of the CGST Act, 2017?

1. Chartered accountant

2. Any person having master degree in finance of recognised university

3. Cost accountant

4. Company secretary

Select the correct answers from the options given belowa. 1, 3 and 4

b. 4, 2, 3 and 1

c. 1 only

d. 1 or 3 only

80 . A registered person whose aggregate turnover during a FY exceeds INR 2 crores is

required to file which of thefollowing documents.

a. Annual Return

b. Audited annual accounts

c. A Reconciliation Statement, duly certified, in prescribed form.

d. All of the above

1 (a) 2 (b) 3 (d) 4 (a) 5 (d)

6 (a) 7 (c) 8 (c) 9 (b) 10 (c)
11 (c) 12 (d) 13 (c) 14 (d) 15 (b)
16 (d) 17 (d) 18 (a) 19 (b) 20 (d)
21 (c) 22 (c) 23 (d) 24 (e) 25 (a)
26 (d) 27 (d) 28 (d) 29 (b) 30 (a)
31 (c) 32 (d) 33 (a) 34 (b) 35 (c)
36 (c) 37 (c) 38 (b) 39 (a) 40 (c)
41 (c) 42 (c) 43 (a) 44 (a) 45 (d)
46 (d) 47 (b) 48 (a) 49 (d) 50 (a)
51 (a) 52 (a) 53 (b) 54 (c) 55 (d)
56 (b) 57 (b) 58 (c) 59 (a) 60 (b)
61 (d) 62 (c) 63 (b) 64 (a) 65 (b)
66 (d) 67 (d) 68 (b) 69 (a) 70 (c)
71 (d) 72 (c) 73 (a) 74 (a) 75 (c)
76 (d) 77 (d) 78 (b) 79 (d) 80 (d)

14
15
 GOODS AND SERVICES TAX
B. Com Semester III
Multiple Choice Questions

1) GST was introduced in India with effect from

(a) 1.7.2017 (b) 1.1.2017 (c) 1.4.2017 (d) 8.7.2017

2) In Jammu & Kashmir, GST was introduced with effect from

(a) 1.8.2018 (b) 1.7.2017 (c) 8.7.2018 (d) 8.7.2017

3) Constitution Amendment Bill for implementation of GST was_______

(a) 101st (b) 100th (c) 121st (d) 122nd

4) Constitution Amendment Act for implementation of GST was _______

(a) 101st (b) 100th (c) 121st (d) 122nd

5) GST is charged on _______

(a) Sale Value (c) Value Addition

(b) Transaction Value (d) Manufacturing Cost

6) As per 101st Constitution Amendment Act, Article _____ was inserted in the constitution.

(a) 101B (b) 256A (c) 246A (d) 156B

7) UTGST Act is enacted by _____

(a) Union Govt. (b) Union Territory (c) State Govts. (d) GST Council

8) As per the 101st Constitution Amendment Act, the power to levy GST rests on _____

(a) State Govt. (c) State & Union Govt.

(b) Union Govt. (d) Union Territory, State & Union Govt.

9) GST is a ______

(a) Multipoint Tax (b) Single point Tax (c) Regressive Tax (d) None of the above

10) GST is a _______ tax

(a) Service based (c) Consumption based

(b) Supply based (d) Supply & Consumption based

11) Government of India together with ______ created the GST Network

(a) NSA (b) NSDL (c) NIESBUD (d) CBIC

12) UTGST is levied when____

(a) Supply is made within a Union Territory (c) Interstate supply

(b) Supply from one Union Territory to another (d) None of the above

13) SAC refers to ___________

(a) Systematic Accounting Code (c) System Administration Code

(b) Services Accounting Code (d) Scientific Accounting Code

14) When an interstate supply is made, _______ will be levied

(a) CGST (b) UTGST (c) CGST & SGST (d) IGST

15) Tax which is not merged with GST is_____

(a) Service Tax (c) Basic Customs Duty

(b) Excise Duty (d) Purchase Tax

16) GST is a matter of jurisdiction of ______ Government

(a) Union (b) State (c) Union & State (d) None of these

17) A dealer in Tamil Nadu has sold to goods to a dealer in Kerala. Which tax will be levied?

(a) CGST & SGST (b) UTGST (c) IGST (d) CGST only

18) Under GST, tax will be paid to the state where goods are ______

(a) Manufactured (b) Sold (c) Consumed (d) Purchased

19) Under GST regime, imports into India are subject to ______

(a) CGST & SGST (b) CGST, SGST (c) IGST & BCD (d) IGST
& BCD
20) GSTN is a company registered as per Section ___ of the Companies Act, 2013

(a) Sec. 25 (b) Sec. 8 (c) Sec. 2(62) (d) None of the above

21) The President of India constituted GST Council as per Article ____ of the constitution.

(a) 246A (b) 269A (c) 279A (d) 276

22) As per Article 366 (12A), GST covers all goods except _________

(a) Motor Spirit (b) Natural Gas (c) Alcoholic Liquor (d) Tobacco

23) What is true about Tobacco products under GST regime?

(a) Tobacco will be brought under GST later

(b) Tobacco is out of the purview of GST

(c) Tobacco is subject to GST in addition to Central Excise Duty

(d) None of the above

24) Who is the Chairperson of GST Council?

(a) Union Finance Minister (c) Nominated by Council

(b) Nominated by the Govt. (d) Elected by Council

25) Who is the Vice Chairperson of GST Council?

(a) Union Minster of State in charge of Revenue of Finance

(b) Any State Finance Minister

(c) Nominated by Govt.

(d) Selected by the Council from Members

26) GST Council was constituted w.e.f. ____

(a) 12.9.2016 (b) 1.7.2017 (c) 10.9.2016 (d) 1.4.2017

27) Quorum of GST council is ____ of the number of members.

(a) One third (b) Three fourth (c) Two third (d) One half

28) Decisions of GST Council will be based on _______ majority of votes cast

(a) 2/3rd of votes cast (c) 3/4th of votes cast

(b) 1/2nd of votes cast (d) None of these

29) Vote of Central Government shall have _____ weightage.

(a) 1/2 (b) 1/3 (c) 2/3 (d) 3/4

30) Integrated GST is applicable on _____

(a) Interstate Supply only (c) Exports

(b) Interstate supply & Imports (d) Intrastate sales

31) Taxable event under GST is ______

(a) Sale (b) Goods & Services (c) Supply (d) None of these

32) The rate of IGST is equal to the rate of

a) CGST b) CGST plus SGST c) SGST d) SGST plus UTGST

33) GST dealers with annual turnover of --- are not required to use HSN code

(a) Less than Rs. 1.5 crore (c) less than Rs. 1 crore

(b) less than Rs. 20 lakh (d) less than Rs. 75 lakh

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

a) Two-digit HSN code c) Four digit HSN Codes

b) Six-digit HSN Codes d) Eight digit HSN codes

35) Dealers with annual turnover of Rs. 5 crore and above must use ____ for their invoices.

a) Two-digit HSN code c) Four digit HSN Codes

b) Six-digit HSN Codes d) Eight digit HSN codes

36) In the case of import or export of goods, using ____ is compulsory

a) Two-digit HSN code c) Four digit HSN Code

b) Six-digit HSN Code d) Eight digit HSN code

37) A supply consisting of two or more goods/ services which are naturally bundled, one being
principal supply is called ______

(a) Composite Supply (c) Mixed Supply

(b) Continuous Supply (d) Taxable Supply

38) Which of the following is NOT true regarding Aggregate Turnover?

(a) Includes taxable and exempt supplies (c) Involves export of goods

(b) Calculated for person having same PAN (d) Includes taxes paid

39) The rate of tax under GST Act in India shall not exceed _____

(a) 30% (b) 28% (c) 40% (d) 35%

40) The highest tax rate currently applicable under GST is _______

(a) 40% (b) 28% (c) 18% (d) 14%

41) Maximum rate of CGST that can be levied in India is ________

(a) 18% (b) 14% (c) 15% (d) 20%

42) Maximum rate of IGST that can be levied in India is ________

(a) 28% (b) 30% (c) 40% (d) 14%

43) Case when levy of tax is in hands of the recipient is called ______

(a) Input Tax Credit (b) Inward Supply (c) Job Work (d) Reverse Charge

44) Under GST Act, “undertaking any treatment or process by a person on goods belonging to another
registered taxable person” is called _______

(a) Outsourcing (b) Works Contract (c) Job Work (d) Input Services

45) Any service used or intended to be used for making any outward supply in the course or
furtherance of business is called _______

(a) Input (b) Inward Supply (c) Input Service (d) None of these

46) Who is liable to pay tax if taxable supply is made by an unregistered person to a registered
person?

(a) Recipient (b) Supplier (c) Not Taxable (d) None of these
47) The lowest tax rate under GST is _____

(a) 0.25% (b)1% (c) 0.05% (d) 5%

48) Diamonds, Semi precious stones, etc. is chargeable to _______ Tax.

(a) 5% (b) 28% (c) 0.25% (d) 3%

49) Base metals, gold, silver, articles of jewellery are taxable in India at the rate of

a) 0.25% b) 1% c) 3% d) 5%

50) TDS at the rate of 1% is applicable in case of supplies received by _______

(a) E – Commerce Operator (c) Composite Dealers

(b) Government Departments (d) Casual Taxable Persons

51) Who is liable for Tax Collection at Source at the rate of 2%?

(a) E- Commerce Operator (c) Government Departments

(b) Composite Dealers (d) Casual Taxable Persons

52) Under GST law “Aggregate turnover” of a dealer is determined

a) State-wise b) All India basis c) Shop-wise d) None of these

53) Who is liable to tax when E-Commerce Operator is located in taxable territory?

(a) E-Commerce Operator

(b) Representative of E-Commerce Operator

(c) Person appointed for payment of taxes

(d) None of these

54) Who is liable to tax when E-Commerce Operator do not have physical presence in the taxable
territory?

(a) E-Commerce Operator

(b) Representative of E-Commerce Operator

(c) Person appointed for payment of taxes

(d) None of these

55) Who is liable to tax when E-Commerce Operator do not have physical presence nor a
representative in the taxable territory?

(a) E-Commerce Operator

(b) Representative of E-Commerce Operator

(c) Person appointed for payment of taxes

(d) None of these

56) Base metals, gold, silver, etc. are chargeable to ______ tax

(a) 0.25% (b) 3% (c) 28% (d) 18%

57) Under GST law “Agriculturist” means

a) Individual or Hindu Undivided Family only c) Any entity engaged in agricultural

operations
b) Individual only
d) Anyone who sells agricultural produces
58) Business vertical refers to

a) Joint venture c) Competitors in business

b) Different businesses within a group d) None of these

59) When supplier is located in India and place of supply is outside India, it is _____

(a) Intra State Supply (b) Inter State Supply (c) Exempt Supply (d) None of these

60) In case of composite supply, tax liability will be computed on the basis of tax rate on

(a) Each supply taxed separately (c) Principal Supply

(b) Supply with highest rate (d) None of these

61) A travel ticket from Mumbai to Delhi may include food being served on board, free insurance and
use of airport lounge. This is a case of ____

(a) Mixed Supply (c) Continuous Supply

(b) Composite Supply (d) Common Supply

62) As per GST provisions, tax liability for mixed supply will be computed on what basis?

(a) Each supply taxed separately (c) Principal Supply

(b) Supply with highest rate (d) None of these

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

a) Mixed supply c) Common supply

b) Composite supply d) Continuous supply

64) Indian Oil Corporation Ltd. sends 10,000 litres of petrol every day to a petrol pump and

invoices the same every week. This is a case of

a) Mixed supply c) Common supply

b) Composite supply d) Continuous supply

65) A tooth paste is bundled along with a tooth brush and is sold as a single unit for a single price is
an example of _____

(a) Mixed Supply (c) Outward Supply

(b) Composite Supply (d) Principal Supply

66) Section 11 of CGST Act or Section 6 of IGST Act deals with ______

(a) Zero rated supply (c) Continuous Supply

(b) Exempt supply (d) None of these

67) Exemption provided under CGST Act is deemed to be _____

(a) exempt under SGST, IGST & UTGST

(b) not exempt under SGST, IGST & UTGST

(c) exempt under IGST and not under SGST/ UTGST

(d) exempt under SGST/ UTGST and not under IGST

68) Receipt of goods or services or both by purchase, acquisition or any other means with or without
consideration

(a) Input (b) Inward Supply (c) Import (d)Reverse Charge

69) Which among the following is not an exempt supply?

(a) Supply attracting NIL rate of tax (c) Supply u/s 2(78)

(b) Supply as per Sec. 11 of CGST Act (d) Export of goods or services

70) Input tax credit is not available for

a) Services b) Zero Rated Supply c) Taxable Supplies d) Exempt Supplies

71) Which among the following is deemed to be a supply of service?

(a) Transfer of title in goods (c) Construction of a building

(b) Permanent transfer of business assets (d) Hire Purchase

72) Which among the following is deemed to be a supply of goods?

(a) Renting of immovable property (c) Any lease to occupy land

(b) Works Contract (d) Hire Purchase

73) Deemed supply is dealt within Schedule ____ of CGST Act

(a) I (b) II (c) III (d) IV

74) Which among the following is treated as supply even without consideration?

(a) Works Contract (c) Supply between related persons in the

course or furtherance of business
(b) Gifts less than Rs.50, 000 from employer
to employee (d) Renting of immovable property

75) What will be a supply even if made not in the course or furtherance of business?

(a) Permanent disposal of business assets (c) Works Contract

(b) Gifts exceeding Rs. 50, 000 by employer (d) Import of Services for a consideration
76) Which Schedule of CGST Act deals with Supply without Consideration?

(a) I (b) II (c) III (d) IV

77) What does Schedule III of CGST deals with?

(a) Neither supply of goods nor services (c) Supply without consideration

(b) Deemed Supply (d) None of these

78) Which among the following is neither a supply of services or goods?

(a) Services by any court (c) Temporary transfer of IPR

(b) Works Contract (d) Permanent disposal of business assets

79) A person who occasionally undertakes transactions involving supply of goods or services or both
in the course or furtherance of business is

a) Business person c) Composite dealer

b) Casual taxable person d) Non resident dealer

80) Any goods 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

81) E -Commerce Operators have to file ____ monthly.

(a) GSTR 7 (b) GSTR 6 (c) GSTR 6A (d) GSTR 8

82) Due date of filing GSTR 8 is ______ of next month.

(a) 10th (b) 18th (c) 11th (d) 20th

83) Rate at which e-commerce operators have to collect tax at source?

(a) 1% (b) 2% (c) 3% (d) 0.5%

84) What is NOT true about e-commerce operators?

(a) Mandatorily get registered (c) Have to file periodic returns

(b) Can opt for composition scheme (d) Collect tax at source @ 2%

85) Date of receipt of goods 15th May 2018, Date of Invoice 1st June 2018, Date of entry in books 18th
May 2018. What is the time of supply if this is a case of reverse charge?

(a) 15th May (b) 1st June (c) 18th May (d) 1st July

86) Under reverse charge mechanism, what will be the time of supply if time of supply is not
determinable?

(a) Date of payment (c) Date of receipt of goods

(b) Date of invoice (d) Date of entry in books

87) Time of payment 15th July, Date of invoice 15th May, Date of entry in books 18th July. What will
be the time of supply of service in case of reverse charge mechanism?

(a) 15th July (b) 15th May (c) 18th July (d) 1st June

88) The threshold limit of aggregate turnover for composition scheme is ___

(a) 1 crore (b) 1.5 crore (c) 75 lakhs (d) 50 lakhs

89) The threshold limit for composition scheme for North-Eastern states is _____

(a) 1 crore (b) 1.5 crore (c) 75 lakhs (d) 50 lakhs

90) What is TRUE about composition scheme?

(a) Eligible for ITC (b) Inter-state supplies (c) Monthly returns (d) Bill of Supply

91) 2% tax under composition scheme is payable by ____

(a) Manufacturers (c) Other eligible suppliers

(b) Restaurants (d) E-commerce operators

92) Composition dealers have to file quarterly returns before ____ of succeeding month of the quarter.

(a) 18th (b) 15th (c) 20th (d) 13th

93) Quarterly returns for composition dealers is _____

(a) GSTR 4 (b)GSTR 5 (c) GSTR 6 (d) GSTR 6A

94) The value at which unrelated parties would transact at normal course of business

(a) Sales value (b) Selling price (c) Transactional value (d) None of these

95) Interest, late fee or penalty for delayed payment of any consideration is ______

a) Included in value of supply c) Included if the recipient requests

b) Not included in value of supply d) Included at the option of the supplier

96) What is NOT true about value of supply?

(a) Taxes, duties, etc. are included (c) Government subsidies included

(b) Incidental expenses included (d) Interest/ late fee, etc included

97) Which Rule deals with value of supply of goods or services where the consideration is not wholly
in money?

(a) Rule 27 (b) Rule 28 (c) Rule 29 (d) Rule 30

98) Which Rule deals with value of supply between distinct or related person, other than through an
agent?

(a) Rule 27 (b) Rule 28 (c) Rule 29 (d) Rule 30

99) According to Rule 30, the value of supply may be determined as _____ % of cost of production or
cost of provision of service

(a) 100% (b) 90 % (c) 110% (d) 120%

100) Value of supply of imported goods will be _____

(a) open market value (c) Customs Price + Import duty

(b) 110% of cost of production (d) Customs price

101) Anil sold goods to Binu for Rs. 10, 000. Binu sold goods to Sunil for Rs. 12, 000. Compute
CGST payable by Binu after making supply to Sunil? Assume both are inter-state sales @18% GST.

(a) 2160 (b) 1080 (c) 180 (d) 360

102) Anil sold goods to Binu for Rs. 10, 000. Binu sold goods to Sunil for Rs. 12, 000. Compute
CGST payable by Binu after making supply to Sunil? Assume both are intra-state sales @18% GST.

(a) 2160 (b) 1080 (c) 180 (d) 360

103) A new television is supplied for Rs.10,000 exchanging a television. Without exchange offer the
price of television is Rs 25,000. Market Value of set is Rs.20,000. What is the value of supply?

a) Rs 10,000 b) Rs 20,000 c) Rs 25,000 d) Rs. 11, 000

104) A phone is supplied receiving Rs. 30,000 and a mobile phone worth Rs. 20,000. Value of supply
will be ________

a) Rs 20,000 b) Rs 30,000 c) Rs 50,000 d) Rs 10,000

105) Tax paid on goods or services involved in supply is called

a) Output tax b) Input tax c) Composite tax d) Reverse tax

106) Tax collected at the time of supply of goods or services is called

a) Output tax b) Input tax c) Composite tax d) Reverse tax

107) The 5% tax under composition scheme for restaurant services will be collected as _____

(a) 5% IGST (c) 2.5% each UTGST & SGST

(b) 2.5% each CGST & SGST (d) 5% CGST

108) Mr. X sold goods to Mr. Y worth Rs. 1,00,000. The invoice was issued on 15 th January. The
payment was received on 31st January and goods supplied on 20th January. Compute time of supply?

(a) 15th Jan (b) 15th Feb (c) 31st Jan (d) 20th Jan

109) When the supply of goods or services is for a consideration not wholly in money, the value of
the supply shall be

a) Value declared by the supplier c) Open market value of such supply

b) Value declared by the recipient d) None of these

110) Last date of issue of invoice is _____ days from supply of service other than banking companies

(a) 30 days (c) 45 days

(b) Date of supply of service (d) Date of payment

111) Due date of issue of invoice is ____ days in case of Banking/ Insurance/ NBFCs.

(a) 30 days (c) 45 days

(b) Date of supply of service (d) Date of payment

112) M/s AB Oil Corporation provides oil to Mr. B on the 5th day of every month on a recurrent basis.
For the month of July, payment was made by Mr. B on 31 st July and statement was issued on 8th
August. What is the time of supply?

(a) 5th July (b) 1st July (c) 8th August (d) 31st July

113) M/s AB Oil Corporation provides oil to Mr. B on the 5th day of every month on a recurrent basis.
Statement for the month of July was issued on 8th August, the payment for which was not received till
31st August. What is the time of supply?

(a) 5th July (b) 31st August (c) 8th August (d) 31st July

114) Date of provision of service – 1st July, Date of payment – 15th July & Date of invoice - 5th
August. Determine Time of Supply?

(a) 1st July (b) 15th July (c) 5th August (d) 1st August

115) Date of provision of service – 10th July, Date of payment – 15th July & Date of invoice - 5th
August. Determine Time of Supply?

(a) 10th July (b) 15th July (c) 5th August (d) 1st August

116) Time of supply of services when invoice is issued within time will be earlier of date of

(a) provision of service or payment (c) due date of invoice or payment

(b) issue of invoice or payment (d) provision of service or issue of invoice

117) Time of supply of services when invoice not issued within time will be earlier of date of

(a) provision of service or payment (c) due date of invoice or payment

(b) issue of invoice or payment (d) provision of service or issue of invoice

118) Time of supply for continuous supply of services when due date of payment mentioned will be
earlier of

(a) Due date of payment or actual payment received (d) None of the above

(b) Due date of payment or issue of invoice

(c) Completion of event

119) If goods or services are partly used for business purposes and partly for other purposes,

input tax credit

a) can be fully claimed c) cannot be claimed

b) can be partly claimed d) Not applicable

120) A registered dealer received goods from an unregistered dealer. Invoice is issued on 1 st July
2017. Determine time of supply if goods were received on 15th July 2017 and payment is not yet
made.

(a) 15th July (b) 1st July (c) 31st July (d) None of these

121) A registered dealer received goods from an unregistered dealer. Invoice is issued on 1 st July
2017. Determine time of supply if goods were received on 3rd August 2017 and payment made on 4th
August 2017.

(a) 3rd August (b) 4th August (c) 1st July (d) 31st July

122) Pradeep ltd. has purchased raw material within the state for Rs.60, 000. If goods are sold for 1,
48, 480, calculate Net GST payable (Assume 5% CGST & 5% SGST)

(a) Rs. 3000 each (b) Rs. 7424 each (c) Rs. 4424 each (d) Rs. 6000 each

123) An instrument where there is obligation to accept it as consideration or part consideration for
supply of goods or services under GST act is called ______

(a) Voucher (b) Gift Card (c) Token (d) Coupon

124) Time of supply of single purpose voucher is ____

(a) Time of issue (c) Time of redemption

(b) Time of expiry (d) None of these

125) Time of supply of general purpose voucher is _____

(a) Time of issue (c) Time of redemption

(b) Time of expiry (d) None of these

126) Where the location of the supplier and the place of supply are in two different States –

a) IGST is applicable c) SGST plus CGST is applicable

b) CGST is applicable d) CGST plus IGST is applicable

127) Where location of the supplier and the place of supply are in two different Union territories

a) CGST plus UTGST is applicable c) SGST plus UTGST is applicable

b) IGST is applicable d) CGST plus IGST is applicable

128) Supply to/ from SEZ is treated as ____ supply

(a) Intra State (b) Inter State (c) Deemed (d) None of these

129) 1,000 bags of sugar are supplied by a sugar mill in Erode to a wholesaler in Cochin. The sugar
bags are sent by the mill to Cochin. Payment made by cheque payable at SBI Chennai. The place of
supply is

a) Cochin b) Erode c) Chennai d) Any of these

130) Anand in Lucknow buys goods from Mr. Raj in Mumbai, Maharashtra. The buyer requests the
seller to send the goods to Nagpur, Maharashtra. Payment made to SBI Pune branch. The place of
supply is ____

(a) Lucknow (b) Mumbai (c) Nagpur (d) Pune

131) Mr. Raj of Mumbai, Maharashtra gets an order from Sales Heaven Ltd. of Chennai, Tamil Nadu.
Sales Heaven took delivery from Mr. Raj ex factory and took them to their warehouse in Tirupur.
Payment made to SBI Pune branch. Place of supply is ____

(a) Tirupur (c) Mumbai

(b) Pune (d) Chennai

132) A wholesaler in Palakkad sends an agent to procure 1,000 bags of sugar from a factory in Erode.
The invoice and other documents are handed over to the agent in Theni as directed by the wholesaler.
Later the sugar bags are brought to Palakkad. Amount paid online from SBI branch Cochin. The place
of supply is:

a) Palakkad b) Erode c) Theni d) Cochin

133) Mr. Raj of Mumbai, Maharashtra orders a mobile from Amazon to be delivered to his mother in
Lucknow as a gift. M/s ABC (online seller registered in Gujarat) processes the order and sends the
mobile accordingly and Mr. Raj is billed by Amazon. Place of supply is:

(a) Lucknow (b) Mumbai (c) Gujarat (d) None of these

134) A supplier located in Kolkata supplies machinery to a recipient in Delhi. The machinery is
installed in the factory of the recipient in Kanpur. Place of supply is ____

(a) Kolkata (b) Delhi (c) Kanpur (d) Not determinable

135) Mr. Raj of Mumbai, Maharashtra orders a mobile from Amazon to be delivered to his mother in
Lucknow as a gift. M/s ABC (online seller registered in Gujarat) processes the order and sends the
mobile accordingly and Mr. Raj is billed by Amazon. GST to be charged is _____

(a) CGST (b) IGST (c) CGST plus SGST (d) CGST plus UTGST

136) Mr. Ajay is travelling from Mumbai to Chennai by air on behalf of his company Ram Gopal and
Sons (registered in Banglore). In the plane he purchases lunch. The airlines is registered in both
Mumbai & Chennai. Place of supply is:

(a) Mumbai (b) Chennai (c) Banglore (d) Not determinable

137) Mr. Vinod is travelling to Mumbai via train. The train starts at Delhi. Vinod boards the train at
Vadodara (Gujarat) and promptly purchases lunch on board. The lunch has been boarded in Delhi.
Place of supply will be

(a) Vadodara (b) Delhi (c) Mumbai (d) None of these

138) Mr. Anil from Delhi provides interior designing services to Mr. Ajay (Mumbai). The property is
located in Ooty (Tamil Nadu). What will be the place of supply?

(a) Mumbai (b) Delhi (c) Ooty (d) None of these

139) In case of supply of services, the place of supply is____ if recipient is registered.

(a) Location of recipient (c) Place of provision of service

(b) Location of supplier (d) None of these

140) If recipient is unregistered and address not available, what will be the place of supply of service?

(a) Location of recipient

(b) Location of supplier

(c) Place of provision of service

(d) None of these

141) Raj Hotels in Mumbai, Maharashtra provides catering services to Polaris Ltd. (registered in
Gujarat) for their annual sales event in Pune. Place of supply of service is ____

(a) Mumbai (b) Gujarat (c) Pune (d) None of these

142) Kyathi Industries Ltd. (Gujarat) hires First Source Consultancy (Mumbai) to impart soft-skills
training to its employees. The training will be conducted in Pune. In this case, place of supply will be
____

(a) Pune (b) Gujarat (c) Mumbai (d) None of these

143) Ms. Anita (unregistered) in Bangalore signs up with Gavin Consultancy (Chennai) for training
on public speaking. Training is conducted at Mumbai. Determine place of supply.

(a) Bangalore (b) Chennai (c) Mumbai (d) None of these

144) The place of supply of services to a registered person by way of transportation of goods,

including by mail or courier, shall be

a) The location of such person c) Place of payment

b) Location of transporting agency d) None of these.

145) In case of mobile connection for telecommunication and internet services provided on post paid
basis, the location of supply is

a) Place of office of the service provider c) Place of payment

b) Billing address of the recipient of services d) Place of supply not relevant

146) The place of supply of banking and financial services shall be

a) Place of office of the service provider c) Place of payment

b) Location of the recipient of services d) Place of supply not relevant

147) A registered person making zero rated supply shall be

a) Eligible to claim refund c) Subject to reverse charge

b) Not eligible for refund d) None of these

148) A DTH company supplies a dish, set-top box, 3 year repairing and subscription of 500

channels for five years services as a package to the customers for Rs. 25,000. This is a

a) Mixed supply c) Joint Supply

b) Composite supply d) Not supply

149) Section 9(4) of the CGST Act deals with

a) GST b) Reverse charge c) Composite tax d) None of these

150) Which is NOT true about Input Tax Credit is concerned?

(a) ITC can be claimed on input, input services & capital goods

(b) Dealer should be in possession of tax invoice

(c) Goods need not be actually received

(d) Goods & services to be used only for business purposes

151) Input tax credit shall be allowed only on the support of

a) Delivery note b) Payment slip c) Credit note d) Tax invoice

152) Where the goods are received in lots or instalments input tax credit can be claimed

a) upon receipt of first lot c) Any time at the option of the supplier

b) upon receipt of the last lot d) after full payment of price

153) Input tax credit shall be allowed only against

a) Any tax payable b) Output tax c) Composite tax d) Refund

154) The details of all inward supplies in GSTR1 will be auto populated in read only document -
GSTR ___

(a) 2 (b) 2A (c) 5 (d) 6A

155) ITC on CGST can be utilised for set off of:

(a) CGST only (b) CGST & UTGST (c) CGST & IGST (d) CGST & SGST

156) Order of set off of ITC on IGST will be:

(a) IGST only (c) IGST, SGST & CGST

(b) IGST, CGST & SGST (d) IGST & CGST

157) ITC on SGST can be utilised for set off of:

(a) SGST only (c) SGST & IGST

(b) SGST & CGST (d) SGST, IGST & CGST

158) When an exempt supply in the hands of registered person becomes a taxable supply, such person

a) can take credit of input tax c) liable to pay tax on stock

b) is not entitled to take credit of input tax d) liable to pay reverse charge

159) A registered person, after availing input tax credit, opts for composition levy,

a) shall be liable to pay the input tax on stock or capital goods

b) shall not be liable to pay tax

c) liable to pay reverse charge

d) None of these

160) Tax credit in respect of goods or inputs sent for job work can be claimed by

a) Job worker c) Either by Jobworker or Principal

b) Principal d) Not eligible for input credit

161) Head office of ABC Ltd., located in Bangalore, incurred annual software maintenance expense
on behalf of all branches and received invoice for the same. ITC on the same will be distributed
among all branches. This is a case of ____

(a) E-Commerce Operator (c) Reverse Charge

(b) Input Service Distributor (d) None of these

162) Which of the following is NOT relating to Input Service Distributor?

(a) Receives tax invoice in respect of input services

(b) Distributes credit on both goods and services

(c) ISD is an office of supplier of services or goods

(d) Distributes to those having same PAN

163) Which of the following is NOT true about an Input Service Distributor?

(a) Mandatory registration (c) File monthly & annual Return

(b) No threshold limit (d) Distributes credit on services only

164) An ISD should file monthly returns in form GSTR ___

(a) 6 (b) 5 (c) 4 (d) 6A

165) Due date of filing monthly returns for an ISD is ____ of next month.

(a) 10th (b) 20th (c)15th (d)13th

166) An ISD should register mandatorily using Form GST REG

(a) 1 (b) 6 (c) 9 (d) 10

167) The tax credit should be allocated to all recipients on the basis of ___ by an input service
distributor.

(a) Sales (b) Profit (c) Turnover (d) Supply

168) Input tax credit in respect of food membership of a club belongs to

a) Exempt category c) Composite tax category

b) Blocked credit category d) None of these.

169) A composition dealer has to issue a ____

(a) GST Invoice (b) Bill of Supply (c) Debit notes (d) Vouchers
170) A registered person need not issue a tax invoice if the value of supply less than

a) Rs.100 b) Rs.200 c) Rs.500 d) Rs.1000

171) Invoice in case of supply of goods when there is actual movement of goods should be issued
within ____

(a) Date of removal of goods (c) Date of payment

(b) Date of receipt of goods (d) 30 days from actual supply

172) A registered person shall not be entitled to take input tax credit after ____ of issue of invoice

a) 3 months b) 6 months c) One year d) Two years

173) Invoice in case of supply of goods under reverse charge should be issued within ____

(a) Date of removal of goods (c) Date of payment

(b) Date of receipt of goods (d) 30 days from actual supply

174) In which case, a registered dealer has to issue a payment voucher?

(a) Reverse Charge (c) Export

(b) Casual Taxable Person (d) Composition dealers

175) In which of the following cases, a consignor is permitted to issue a delivery challan in lieu of
invoice?

(a) Transportation of goods for job work (c) Transport of consumables

(b) Permanent transfer of business assets (d) None of the above

176) As per Rule 55(2) of CGST Rules, Delivery Challan should be issued in ___

(a) single copy (b) duplicate (c) triplicate (d) None of these

177) Tax invoice in case of supply of goods should be prepared in

(a) single copy (b) duplicate (c) triplicate (d) None of these

178) Tax invoice in case of supply of services should be prepared in

(a) single copy (b) duplicate (c) triplicate (d) None of these

179) When registered dealers makes exempt supplies, he must issue

(a) Tax invoice (c) Voucher

(b) Bill of supply (d) Delivery Challan

180) When the amount payable decreases due to returns or bad quality of goods, the purchaser should
issue ____ to the seller.

(a) Debit note (b) Credit note (c) Revised Invoice (d) Refund voucher

181) When the amount payable increases due to extra delivery of goods or higher rate to be charged,
the seller should issue ____ to the purchaser

(a) Debit note (b) Credit note (c) Revised Invoice (d) Refund voucher
182) Mr. Ram supplied goods of Rs. 1,00,000, to Mr. Raj, who returned goods of Rs 10,000 due to

inferior quality. Mr. Ram will later issue

a) Credit note b) Debit note c) Tax invoice d) Delivery challan

183) Mr. Ajay supplied goods to Mr. James the cost was Rs. 1,00,000 but wrongly billed as Rs.
10,000. Mr. Ajay will later issue

a) Debit note a) Credit note c) Tax invoice d) Delivery challan

184) The time limit to file credit notes is earlier of annual return filing date or _____

(a) 31st December (b) 30th September (c) 31st March (d) 30th June

185) GST tax payment of over ____ should be made only through banking channels only.

(a) Rs. 50000 (b) Rs. 10000 (c) Rs. 15000 (d) Rs. 20000

186) Electronic Cash Ledger should be maintained in _____

(a) GST PMT-05 (b) GST PMT-02 (c) GST PMT-01 (d) GST PMT-07

187) Electronic Credit Ledger should be maintained in _____

(a) GST PMT-05 (b) GST PMT-02 (c) GST PMT-01 (d) GST PMT-07

188) Electronic Liability Ledger should be maintained in _____

(a) GST PMT-05 (b) GST PMT-02 (c) GST PMT-07 (d) GST PMT-01

189) The eligible input tax will be automatically credited to the

a) Electronic Credit Ledger c) Electronic Liability ledger

b) Electronic cash ledger d) None of these

190) TDS provision applicable only when the total value of supply, under a contract, exceeds

a) Rs. 1,00,000 b) Rs. 1,50,000 c) Rs. 2,00,000 d) Rs. 2,50,000

191) Tax deductor should pay the amount of TDS deducted to the Government within ____

(a) 10 days of next month (c) last day of the month

(b) 10 days of making deduction (d) none of these

192) Registration form for tax deductors under GST is ____

(a) GST REG-01 (b) GST REG-07 (c) GST REG-06 (d)GST REG-05

193) TDS is not allowed in the case of

a) A department or State Government c) Governmental agencies

b) Local authority d) E-commerce operators

194) E-commerce operators should submit return of TCS

a) Monthly b) Every three c) Every year d) Monthly and

months Annually
195) GST registration is mandatory if the aggregate turnover in a financial year exceeds

a) Rs. 20 lakh b) Rs. 50 lakh c) Rs. 75 lakh d) Rs. 1 Crore

196) In specified category states GST registration is mandatory if the aggregate turnover in a

financial year exceeds

a) Rs. 1 Crore b) Rs. 10 lakh c) Rs. 20 Lakh d) Rs. 75 lakh

197) GST registration is not compulsory in the case of

a) Casual taxable persons making taxable supply c) Non-resident making taxable supply

b) Persons under reverse charge; d) Person dealing in exempt goods alone

198) A casual taxable person or a non-resident taxable person shall apply for registration

at least ____ prior to the commencement of business

a) 3 days b) 5 days c) 10 days d) 15days

199) GSTIN is a ______ digit code

(a) 10 (b) 12 (c) 15 (d) 13

200) The certificate of registration issued to a casual taxable person or a non-resident taxable

person shall be valid for a period of

a) 30 days b) 90 days c) 6 months d) one year

Answer Key

1-a 35 - c 69 - d 103 - c 137 - b 171 - a

2-d 36 - d 70 - d 104 - c 138 - c 172 - c
3-d 37 - a 71 - c 105 - b 139 - a 173 - b
4-a 38 - d 72 - d 106 - a 140 - b 174 - a
5-c 39 - c 73 - b 107 - b 141 - c 175 - a
6-c 40 - b 74 - c 108 - a 142 - b 176 - c
7-a 41 - d 75 - d 109 - c 143 - a 177 - c
8-c 42 - c 76 - a 110 - a 144 - a 178 - b
9-a 43 - d 77 - a 111 - c 145 - b 179 - b
10 - c 44 - c 78 - a 112 - d 146 - b 180 - a
11 - b 45 - c 79 - b 113 - c 147 - a 181 - a
12 - a 46 - a 80 - a 114 - a 148 - b 182 - a
13 - b 47 - a 81 - d 115 - b 149 - b 183 - a
14 - d 48 - c 82 - a 116 - b 150 - c 184 - b
15 - c 49 - c 83 - b 117 - a 151 - d 185 - b
16 - c 50 - b 84 - b 118 - a 152 - b 186 - a
17 - c 51 - a 85 - a 119 - b 153 - b 187 - b
18 - c 52 - b 86 - d 120 - a 154 - b 188 - d
19 - c 53 - a 87 - b 121 - d 155 - c 189 - a
20 - b 54 - b 88 - b 122 - c 156 - b 190 - d
21 - c 55 - c 89 - c 123 - a 157 - c 191 - a
22 - c 56 - b 90 - d 124 - a 158 - a 192 - b
23 - c 57 - a 91 - a 125 - c 159 - a 193 - d
24 - a 58 - b 92 - a 126 - a 160 - b 194 - d
25 - d 59 - b 93 - a 127 - b 161 - b 195 - a
26 - b 60 - c 94 - c 128 - b 162 - b 196 - b
27 - d 61 - b 95 - a 129 - a 163 - c 197 - d
28 - c 62 - b 96 - c 130 - a 164 - a 198 - b
29 - b 63 - d 97 - z 131 - c 165 - d 199 - c
30 - b 64 - d 98 - b 132 - b 166 - a 200 - b
31 - c 65 - a 99 - c 133 - b 167 - c
32 - b 66 - b 100 - c 134 - c 168 - b
33 - a 67 - d 101 - d 135 - b 169 - b
34 - a 68 - b 102 - c 136 - a 170 - b