1.
Place of supply referred in Integrated Goods and Service Tax Act is mentioned inwhich Chapter?
A
Chapter II
B
Chapter III
C
Chapter V
D
Chapter VIII
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Place of supply referred in Integrated Goods and Service Tax Act is mentioned inwhich Chapter?
Chapter II
Chapter III
Chapter V
Chapter VIII
Under GST, Smartphones will be taxed at ................... percent
14%
12%
18%
5%
An assessee who has opted for the Composite Scheme, can he collect tax under GST?
Yes
May be
No
In certain cases
An assessee who has opted for the Composite Scheme, is he eligible to take input taxcredit?
Yes
May be
No
In certain cases
IGST is levied on supply of goods and provision of services …………………………….
within state
between two states
either of a) or b)
none of the above
The first committee to design GST model was headed by
Vijay Kelkar
Dr. Chidambaram
Asim Das Gupta
None of the above
What is conveyance?
vessel
aircraft
vehicle
all of the above
In India GST came affective from July 1st, 2017, India has chosen ................... model of dual GST.
USA
UK
Canadian
China
The country with highest GST Rate in the world is
USA
India
China
Greece
Which of the following country is the first one to implement GST?
USA
France
China
Switzerland
First discussion paper (FDP) which formed the basis for GST in 2009 was released by
Union Finance Ministry
GST Council
Dr. Manmohan Singh
Empowered Committee
Tax is paid on which value?
Transaction value
manufacturing value plus profit
manufacturing value
notional value
What does Taxable event mean?
Tax on supply
Tax on services
either a) or b)
both a) or b)
One of the following taxes is already subsumed under GST
Tax on motor spirit
Tax on production of alcohol
Luxury Tax
Tax on electricity
What is Integrated Goods and Services Tax?
Tax imposed on imported goods and services
Tax imposed on value additions to exports
Tax imposed on interstate trade
Tax on international trade
What is SGST?
S Goods and Service Tax
South Goods and Service Tax
None of these
State Goods and Service Tax
When the taxable turnover is above 1.5 crore, it is under the control of
Both Centre and State
Centre
exempt from the purview of GST
State
Taxable turnover below 1.5 crore is under the control of
Both Centre and State
Centre
exempt from the purview of GST
State
A person is having multiple businesses required registration
each business separately
either of the two
none of the above
Single
A person is having multiple business requires registration
Either A or B
Each business separately
None of the above
Single