40-80

Question 1

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

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

Answer 1

D

Question 2

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

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

Answer 2

C

Question 3

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

Answer 3

D

Question 4

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

Answer 4

C

Question 5

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

Answer 5

C

Question 6

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

Answer 6

A

Question 7

47) The lowest tax rate under GST is _____

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

Answer 7

A

Question 8

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

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

Answer 8

C

Question 9

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%

Answer 9

C

Question 10

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

(a) E – Commerce Operator
(b) Government Departments
(c) Composite Dealers
(d) Casual Taxable Persons

Answer 10

B

Question 11

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

(a) E- Commerce Operator
(b) Composite Dealers
(c) Government Departments
(d) Casual Taxable Persons

Answer 11

A

Question 12

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

Answer 12

B

Question 13

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

Answer 13

A

Question 14

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

Answer 14

B

Question 15

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

Answer 15

C

Question 16

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

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

Answer 16

B

Question 17

57) Under GST law “Agriculturist” means

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

Answer 17

A

Question 18

58) Business vertical refers to

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

Answer 18

B

Question 19

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

Answer 19

B

Question 20

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

(a) Each supply taxed separately
(b) Supply with highest rate
(c) Principal Supply
(d) None of these

Answer 20

C

Question 21

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
(b) Composite Supply
(c) Continuous Supply
(d) Common Supply

Answer 21

B

Question 22

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

(a) Each supply taxed separately
(b) Supply with highest rate
(c) Principal Supply
(d) None of these

Answer 22

B

Question 23

63) 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

Answer 23

D

Question 24

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
b) Composite supply
c) Common supply
d) Continuous supply

Answer 24

D

Question 25

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
(b) Composite Supply
(c) Outward Supply
(d) Principal Supply

Answer 25

A

Question 26

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

(a) Zero rated supply
(b) Exempt supply
(c) Continuous Supply
(d) None of these

Answer 26

B

Question 27

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

Answer 27

D

Question 28

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

Answer 28

B

Question 29

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

(a) Supply attracting NIL rate of tax
(b) Supply as per Sec. 11 of CGST Act
(c) Supply u/s 2(78)
(d) Export of goods or services

Answer 29

D

Question 30

70) Input tax credit is not available for

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

Answer 30

D

Question 31

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

(a) Transfer of title in goods
(b) Permanent transfer of business assets
(c) Construction of a building
(d) Hire Purchase

Answer 31

C

Question 32

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

(a) Renting of immovable property
(b) Works Contract
(c) Any lease to occupy land
(d) Hire Purchase

Answer 32

D

Question 33

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

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

Answer 33

B

Question 34

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

(a) Works Contract
(b) Gifts less than Rs.50, 000 from employer
to employee
(c) Supply between related persons in the
course or furtherance of business
(d) Renting of immovable property

Answer 34

C

Question 35

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

(a) Permanent disposal of business assets
(b) Gifts exceeding Rs. 50, 000 by employer
(c) Works Contract
(d) Import of Services for a consideration

Answer 35

D

Question 36

76) Which Schedule of CGST Act deals with Supply without Consideration?

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

Answer 36

A

Question 37

77) What does Schedule III of CGST deals with?

(a) Neither supply of goods nor services
(b) Deemed Supply
(c) Supply without consideration
(d) None of these

Answer 37

A

Question 38

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

(a) Services by any court
(b) Works Contract
(c) Temporary transfer of IPR
(d) Permanent disposal of business assets

Answer 38

A

Question 39

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
b) Casual taxable person
c) Composite dealer
d) Non resident dealer

Answer 39

B

Question 40

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

Answer 40

A