41.
The headquarters of GST council is located at
A
New Delhi
B
Lucknow
C
Ahmadabad
D
Mumbai
Loading practice questions
116 practice sets · Page 3 of 6
The headquarters of GST council is located at
New Delhi
Lucknow
Ahmadabad
Mumbai
With the introduction of GST, imports will be
more expensiv
neutral with no change
cheaper
None of the above
When does Quarter end?
March
December
September
All of the above
GST will be levied on
Manufacturers
Retailers
Consumers
All of the above
The following tax will not be subsumed into GST:
Luxury Tax
Electricity duty
entertainment tax
value added tax
Which of the following true in respect of Goods and Service Tax
It is destination based tax
It is levied on supply of goods or services
it is a consumption tax
All of the above
Input tax credit on compensation cess paid under GST (Compensation to States) Act, 2017
is not available
is available but not fully
is available
is available after one year
IGST is payable when the supply is ………………
Interstate
Intra- UT
Intra-state
All of the above
What is IGST?
Integrated Goods and Service Tax
Indian Goods and Service Tax
Initial Goods and Service Tax
None of these
Who is an agriculturist?
Individual or HUF
Partnership
Individual and HUF
All of the above
Agriculturist
Individual or HUF
Partnership
Individual and HUF
All the above
Money means:
Indian legal tender
Foreign currency
Cheque/ Promissory note
all of the above
An Associated Enterprise is mentioned in?
Income Tax Act, 1961
State GST Law, 2017
Central GST Law, 2017
Companies Act, 2013
Input Tax Credit is available ……………………………..
in the course or furtherance of business
both a) and b)
on other than business expenditure
none of the above
How is Input Tax Credit on capital goods available?
in single installment
10% every year
equally in five installment
none of the above
Utilisation of integrated GST would be in which order?
IGST, CGST, SGST
CGST, SGST, IGST
IGST, SGST, CGST
SGST, IGST, CGST
What does the term person includes?
HUF
LLP
Individual
All of the above
One of the following states does not fall under special category given under Art. 279Aof the Constitution
Himachal Pradesh
Chhattisgarh
Uttarakhand
Jammu & Kashmir
The turnover limit of Rs. 50 Lakh for composition scheme is not applicable to the state of
Himachal Pradesh
Uttarakhand
Assam
None of the above
A special purpose vehicle ................... has been launched to cater the needs of GST.
GSTS
GSTR
GSTM
GSTN