Professional Documents
Culture Documents
(Expected in Exam)
41. Under which Schedule, power to declare certain activity/ transaction as neither supply
of goods nor of services
a) Schedule I c) Schedule III
b) Schedule II d) Schedule IV
42. When was GST Council constituted?
a) 12th September 2016 c) 13th September 2016
b) 20th September 2016 d) 16th September 2016
43. What is address for delivery?
a) Recipient address mentioned in the invoice
b) Recipient address mentioned in delivery challan
c) Not necessarily recipient address
d) Recipient address mentioned in the gate pass
44. Who is an agriculturist?
a) Individual or HUF c) Individual and HUF
b) Partnership d) All of the above
45. An Associated Enterprise is mentioned in?
a) Income Tax Act, 1961 c) Central GST Law, 2017
b) State GST Law, 2017 d) Companies Act, 2013
46. Appointed day is __________________
a) date on which the provisions of the act shall come into force
b) date on which President gave assent
c) date on which both houses passed the act
d) date on which it is sent to Finance Ministry
47. What is conveyance?
a) vessel c) vehicle
b) aircraft d) all of the above
48. Which section mentions about inter-state supply of service?
a) section 8 c) section 18
b) section 14 d) section 12
49. Place of supply referred in Integrated Goods and Service Tax Act is mentioned in
which Chapter?
a) Chapter II c) Chapter V
b) Chapter III d) Chapter VIII
50. Deemed Export is mentioned in which section?
c) section 137 c) section 147
d) section 142 d) section 145
51. When does Quarter end?
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a) March c) September
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d) value of inward supplies on which tax has been paid under reverse charge
85. Which of the following is subsumed under Central GST?
a) Central Sales Tax c) Customs Duty
b) Service Tax d) all of the above
86. Which of the following true in respect of Goods and Service Tax
a) It is destination based tax c) it is a consumption tax
b) It is levied on supply of goods or services d) All of the above
87. What is the threshold limit for composition levy?
a) ` 40 lakh c) ` 1 crore
b) ` 30 lakh d) ` 70 lakh
88. Which of the following require themselves to be registered compulsory, irrespective of
threshold limit?
a) Casual taxable person c) non-resident taxable person
b) Input service distributor d) all of the above
89. The time of supply of voucher in respect of goods and services shall be
a) date of issue of voucher, in case of identifiable supply
b) date of redemption of voucher
c) both a) and b)
d) none of the above
90. Which article of constitution of India empowers the Parliament to impose IGST in India?
a) 69A c) 279A
b) 265A d) none of the above
91. What does the conditions for supply includes?
a) Supply is a taxable service
b) Supply is made in the taxable territory
c) Supply is made by taxable person
d) All of the above
92. Which form has to be filed for withdrawal from composition levy?
a) GST CMP 04 c) GST CMP 03
b) GST PCT 2 d) GST MIS 1
93. When the taxable turnover is above ` 1.5 crore, it is under the control of
a) State c) Centre
b) Both Centre and State d) exempt from the purview of GST
94. Which of the following statement is correct:-
I. GST is a broad-based tax
II. GST is a destination based tax
III. GST is collected through a staged process i.e. a tax on the value added to goods
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IV. GST is a tax on the consumption of products from business sources, and not on
personal or hobby activities
a) Only I b) I & II Both
b) I, II & III d) I, II, III & IV all statement is correct
95. Which of the following State Taxes have not been subsumed under GST?
i. Road & passenger tax
ii. Central Sales Tax
iii. Toll tax
iv. Luxury Tax
v. Property tax
vi. Electricity duty.
a) i, iii, v & vi c) Only iii, iv & v.
b) Only vi d) None of the above
96. Over the Counter Payment can be made in branches of Banks Authorized (for deposits
up to ____________ per challan per tax period, by cash, cheque or demand draft) to
accept deposit of GST –
a) ten thousand rupees c) One thousand rupees
b) Two thousand rupees d) None of the above
97. The audit needs to be completed within a period of _____ months from the date of
commencement of the audit, but a further extension for a period of ____ months may
be provided by the Commissioner for the reasons recorded in writing –
a) Three, Six c) Six, Six
b) Nine, Three d) Four, Three
98. Where the amount of tax evaded or the amount of input tax credit wrongly availed or
utilised or the amount of refund wrongly taken exceeds 200 lakhs upto 500 lakhs then –
a) imprisonment for a term which may extend to 5 years and with fine
b) imprisonment for a term which may extend to 7 years and with fine
c) imprisonment for a term which may extend to 5 years and without fine
d) imprisonment for a term which may extend to 3 years and with fine
99. What is the threshold limit of Registration under GST?
a) 10 lakhs (for special category States) and Rs. 20 lakhs for other states and Union
territories
b) 20 lakhs (for special category States) and Rs. 10 lakhs for other states and Union
territories
c) 5 lakhs (for special category States) and Rs. 10 lakhs for other states and Union
territories
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100. Where Goods or services or both are used partly for taxable supplies including zero
rated supplies under IGST or under CGST Act, and partly for exempted supplies –
a) only that amount of input tax which is attributable to the taxable supplies including
zero rated supplies will be allowed as credit and not for exempted supplies
b) 100% ITC Allowed irrespective of the usage of Goods/Services
c) Fix 50% ITC allowed in this cases
d) None of the above
101. Proper officer shall pass an order (Provisional assessment request), within a period not
later than _______ from the date of receipt of such request –
a) 90 days c) 30 days
b) 100 days d) 120 days
102. The time duration for retention of accounts and records under GST is until expiry of
________ from the due date of furnishing of annual return for the year pertaining to
such accounts and records–
a) Seventy-two months c) seventy months
b) seventy-one months d) none of the above
103. Tax rate applicable in hands of Restaurant under composition scheme –
a) 2% (CGST + SGST) c) 5% (CSGT + SGST)
b) 18% (CGST + SGST) d) 2.5% (CGST + SGST)
104. To be eligible for registration under Composition scheme it is required that the
aggregate turnover of a registered tax payer should not exceed _______ in the
preceding financial year & the limit is ______ for North Eastern & Special Category
States)
a) ` 75,00,000/-, ` 50,00,000/- c) ` 50,00,000/-, ` 25,00,000/-
b) ` 100,00,000/-, ` 50,00,000/- d) ` 75,00,000/-, ` 20,00,000/-
105. ________ is excluded from the definition of goods as well as services
a) securities and money c) Only Securities
b) Only Money d) None of the above
106. What is the correct procedure of file return under GST?
i. Submission of return
ii. Rectification of discrepancies in ITC
iii. Matching of claim in reduction in output tax liability
iv. Final acceptance of ITC
v. Matching of ITC
a) i, ii, iii, iv & v c) i, v, iv, ii & iii
b) v, ii, iii, iv & vi d) none of the above
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b) the date of payment as entered in the books of account or payment is debited in his
bank account, whichever is earlier
c) the date immediately following thirty days from the date of issue of invoice or any
other document
d) earlier of the above
108. Which of the following states covered North Eastern and Special Category States –
i. Assam, Arunachal Pradesh,
ii. Manipur, Meghalaya,
iii. Mizoram, Nagaland,
iv. Tripura, Sikkim,
v. Delhi, Bihar
vi. Jammu & Kashmir
vii. Himachal Pradesh
a) i, ii, iii, iv & vi c) i, ii, iii, iv & vii
b) Only vi d) Only i, ii & iii
109. Which of the following Bills passed by parliament?
i. Central Goods and Services Tax (CGST)Bill
ii. Integrated Goods and Services Tax(IGST) Bill
iii. Union Territory Goods and Services Tax (UTGST)Bill
iv. Goods and Services Tax (Compensation to States) Bill
v. State Goods and Services Tax (CGST)Bill
a) i, ii, iii & iv c) Only i
b) Only i, ii & iii d) None of the above
110. The time duration for retention of accounts and records under GST is until expiry of
________ from the due date of furnishing of annual return for the year pertaining to
such accounts and records–
a) Seventy-two months c) seventy months
b) seventy-one months d) none of the above
111. Taxable Person whose registration has been cancelled or surrendered file final return
on ________
a) within three months of the date of cancellation of date of order of cancellation
whichever is later
b) within Six months of the date of cancellation of date of order of cancellation
whichever is later
c) within three months of the date of cancellation of date of order of cancellation
whichever is Earlier
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112. Section 56 of the CGST Act, 2017 states that if any tax ordered to be refunded under
section 54 is not refunded within sixty days from the date of receipt of application
interest at such rate __________
a) not exceeding six per cent c) not exceeding nine per cent
b) not exceeding eighteen per cent d) none of the above
113. A report of Special audit signed and certified by the appointed Chartered Accountant
or Cost Accountant is required to be submitted within _____ days although this period
can be further extended to _____ days –
a) 90, 90 c) 90, 30
b) 30, 90 d) 60, 60
114. ________ with respect to goods lost, stolen, destroyed or written off as well as on
goods given as gifts or free samples ________?
a) Input tax credit is not allowed, will also be not allowed
b) Input Tax credit will be allowed, will not be allowed
c) 100% Allowed in both cases
d) None of the above
115. if a recipient fails to pay the amount of supply along with tax payable thereon
_________ from the date of issue of invoice, the recipient will be liable to pay along
with the output tax liability an amount equal to the input tax credit availed by the
recipient along with interest thereon –
a) within 3 months c) within 6 months
b) within 90 days d) none of the above
116. Which of the following activity deemed as Supply under Schedule I even if no
consideration exists –
a) sale of business assets (goods) on which ITC has been availed
b) supply of goods and/or services between related person, except gift upto Rs. 50,000
to employees.
c) agent to principal of vice-versa, if agent supplies / receives goods on behalf of
principal
d) All of the above
117. What is cut off turnover limit for compulsory registration under GST?
a) ` 9 lacs c) exceeds ` 20 lacs
b) ` 50 lacs d) No limit for registration
118. Which of the followings goods are kept out from GST whether Temporarily of
permanent?
a) alcoholic liquor for human consumption
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b) petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation
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c) Electricity
d) All of the above
119. Import of services for a consideration __________ is deemed as Supply?
a) whether or not in the course or furtherance of business
b) Transaction in the course or furtherance of business
c) Not a Supply
d) none of the above
120. Which of the following taxes leviable on Imports?
a) CGST c) SGST
b) IGST d) all of the above
121. Which of the following subjects will be omitted from the Seventh Schedule?
i. Entry 54 from State List
ii. Entry 55 from State List
iii. Entry 92 and 92C from Union List
iv. Entry 97 of Union List
a) i) & ii) c) ii) & iii)
b) iii) & iv) d) all of the above
122. ________ is payable on all intra-state supply of goods and/or services and _______ is
payable on all inter- State supply of goods and/or services.
a) CGST + SGST/UTGST, IGST c) IGST, CGST
b) IGST, SGST d) None of the above
123. Gift upto value of ` 50,000 in a year to an employee __________ & Gifts in value in
excess of ` 50,000 _______
a) shall not be treated as “Supply”, shall be taxable as ‘Supply’
b) shall be taxable as ‘Supply’, shall not be treated as “Supply”
c) Both activity not covered under supply
d) None of the above
124. Which of the following persons are not eligible of composition scheme?
a) The scheme is not available for services sector, except restaurants.
b) Supplier of goods which are not taxable under the CGST Act/SGST Act/UTGST Act is
not eligible to register under this scheme
c) Tax payers making inter- state supplies is not eligible for composition scheme
d) All of the above
125. Every taxable person shall discharge his tax and other dues under this Act or the
rules made thereunder in the following order, namely:–
i. self-assessed tax, and other dues related to the return of the current tax period
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ii. self-assessed tax, and other dues related to returns of previous tax periods
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iii. any other amount payable under this Act or the rules made thereunder including the
demand determined under section 73 or section 74
a) i, ii & iii c) ii, i & iii
b) iii, ii & I d) iii, i & ii
126. What shall be Time of Supply in case of reverse charge?
a) the date of the receipt of goods
b) the date of payment as entered in the books of account or payment is debited in his
bank account, whichever is earlier
c) the date immediately following thirty days from the date of issue of invoice or any
other document
d) earlier of the above
127. Which of the followings Activities which are neither supply of goods nor supply of
services:
a) Services by employee to employer
b) Services by any court or tribunal
c) Functions performed by the Members of Parliament etc
d) All of the above
128. Which of the following person is not liable for registration?
a) Person supplying exempted goods or services or goods or services which are not
liable for tax under GST
b) An agriculturist, to the extent of supply of produce out of cultivation of land
c) Both a) & b)
d) None of the above
129. Vice Chairperson of GST Council will be from Member from ______?
a) State Government
b) Central government
c) Any member nominated by central government
d) Any of the above
130. The details of outward supplies of goods or services shall be submitted by
a) 10th of the succeeding month
b) 18th of the succeeding month
c) 15th of the succeeding month
d) 20th of the succeeding month
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1 b) 23 c) 45 a) 67 b) 89 c) 111 a)
2 d) 24 a) 46 a) 68 d) 90 d) 112 a)
3 c) 25 d) 47 d) 69 c) 91 d) 113 a)
4 c) 26 a) 48 a) 70 a) 92 a) 114 a)
5 c) 27 b) 49 71 b) 93 b) 115 a)
6 a) 28 b) 50 c) 72 a) 94 d) 116 d)
7 c) 29 a) 51 d) 73 b) 95 a) 117 c)
8 a) 30 b) 52 a) 74 b) 96 a) 118 d)
9 c) 31 d) 53 c) 75 b) 97 a) 119 a)
10 d) 32 d) 54 c) 76 a) 98 d) 120 b)
11 b) 33 d) 55 d) 77 c) 99 d) 121 c)
12 c) 34 a) 56 a) 78 c) 100 a) 122 a)
13 c) 35 d) 57 d) 79 e) 101 a) 123 a)
14 b) 36 c) 58 c) 80 d) 102 a) 124 d)
15 b) 37 c) 59 a) 81 d) 103 c) 125 c)
16 b) 38 c) 60 d) 82 c) 104 a) 126 d)
17 c) 39 c) 61 a) 83 a) 105 a) 127 d)
18 a) 40 b) 62 a) 84 d) 106 c) 128 c)
19 c) 41 c) 63 a) 85 d) 107 d) 129 a)
20 d) 42 a) 64 c) 86 d) 108 c) 130 a)
21 c) 43 a) 65 d) 87 c) 109 a)
22 c) 44 a) 66 c) 88 d) 110 a)
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