1-40 Flashcards
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
A
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
D
3) Constitution Amendment Bill for implementation of GST was_______
(a) 101st
(b) 100th
(c) 121st
(d) 122nd
D
4) Constitution Amendment Act for implementation of GST was _______
(a) 101st
(b) 100th
(c) 121st
(d) 122nd
A
5) GST is charged on _______
(a) Sale Value
(b) Transaction Value
(c) Value Addition
(d) Manufacturing Cost
C
6) As per 101st Constitution Amendment Act, Article _____ was inserted in the constitution.
(a) 101B
(b) 256A
(c) 246A
(d) 156B
C
7) UTGST Act is enacted by _____
(a) Union Govt.
(b) Union Territory
(c) State Govts.
(d) GST Council
A
8) As per the 101st Constitution Amendment Act, the power to levy GST rests on _____
(a) State Govt.
(b) Union Govt.
(c) State & Union Govt.
(d) Union Territory, State & Union Govt
C
9) GST is a ______
(a) Multipoint Tax
(b) Single point Tax
(c) Regressive Tax
(d) None of the above
A
10) GST is a _______ tax
(a) Service based
(b) Supply based
(c) Consumption based
(d) Supply & Consumption based
C
11) Government of India together with ______ created the GST Network
(a) NSA
(b) NSDL
(c) NIESBUD
(d) CBIC
B
12) UTGST is levied when____
(a) Supply is made within a Union Territory
(b) Supply from one Union Territory to another
(c) Interstate supply
(d) None of the above
A
13) SAC refers to ___________
(a) Systematic Accounting Code
(b) Services Accounting Code
(c) System Administration Code
(d) Scientific Accounting Code
B
14) When an interstate supply is made, _______ will be levied
(a) CGST
(b) UTGST
(c) CGST & SGST
(d) IGST
D
15) Tax which is not merged with GST is_____
(a) Service Tax
(b) Excise Duty
(c) Basic Customs Duty
(d) Purchase Tax
C
16) GST is a matter of jurisdiction of ______ Government
(a) Union
(b) State
(c) Union & State
(d) None of these
C