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    Rav'S Laxmichand Golwala College of Commerce and Economics

    Uploaded by

    haresh
    The document contains 25 multiple choice questions related to indirect taxation and GST. Some key points addressed in the questions include: - Export of goods or services is considered a zero-rated supply. Import of goods or services is treated as inter-state supply. - A casual/non-resident taxable person must apply for registration at least 10 days prior. Form GST REG-09 is for registration of a non-resident taxable person. - GST registration is mandatory if aggregate turnover exceeds Rs. 20 lakh in a financial year. Petroleum products have been kept out of GST temporarily. - Tobacco, alcoholic liquor, and motor spirit will be taxable under both central

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    Rav'S Laxmichand Golwala College of Commerce and Economics

    Uploaded by

    haresh
    21 views5 pages
    The document contains 25 multiple choice questions related to indirect taxation and GST. Some key points addressed in the questions include: - Export of goods or services is considered a zero-rated supply. Import of goods or services is treated as inter-state supply. - A casual/non-resident taxable person must apply for registration at least 10 days prior. Form GST REG-09 is for registration of a non-resident taxable person. - GST registration is mandatory if aggregate turnover exceeds Rs. 20 lakh in a financial year. Petroleum products have been kept out of GST temporarily. - Tobacco, alcoholic liquor, and motor spirit will be taxable under both central

    Original Title

    INDIRECT-TAXATION

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    The document contains 25 multiple choice questions related to indirect taxation and GST. Some key points addressed in the questions include: - Export of goods or services is considered a zero-rated supply. Import of goods or services is treated as inter-state supply. - A casual/non-resident taxable person must apply for registration at least 10 days prior. Form GST REG-09 is for registration of a non-resident taxable person. - GST registration is mandatory if aggregate turnover exceeds Rs. 20 lakh in a financial year. Petroleum products have been kept out of GST temporarily. - Tobacco, alcoholic liquor, and motor spirit will be taxable under both central

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    21 views5 pages

    Rav'S Laxmichand Golwala College of Commerce and Economics

    Uploaded by

    haresh
    The document contains 25 multiple choice questions related to indirect taxation and GST. Some key points addressed in the questions include: - Export of goods or services is considered a zero-rated supply. Import of goods or services is treated as inter-state supply. - A casual/non-resident taxable person must apply for registration at least 10 days prior. Form GST REG-09 is for registration of a non-resident taxable person. - GST registration is mandatory if aggregate turnover exceeds Rs. 20 lakh in a financial year. Petroleum products have been kept out of GST temporarily. - Tobacco, alcoholic liquor, and motor spirit will be taxable under both central

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 5

    RAV’S

    LAXMICHAND GOLWALA COLLEGE


    OF COMMERCE AND ECONOMICS
    PROGRAMME- MASTERS OF COMMERCE (ACCOUNTANCY &
    FINANCE)
    SEMESTER- IV
    SUBJECT- INDIRECT TAXATION

    1. Identify the incorrect statement -


    A. Export of goods or services is considered as zero-rated supply.
    B. The state Taxes to be subsumed in GST include State VAT, Luxury Tax, Entry Tax, Central Sales Tax, P
    C. Import of goods or services is treated as inter-state supply.
    D. CGST and SGST are both charged on inter-state transaction.

    2. A casual taxable person or a non-resident taxable person shall apply for registration at least _____ prior to
    A. 3 days
    B. 5 days
    C. 10 days
    D. 15days

    3. _____ is the application form for registration of a Non-Resident Taxable person.


    A. GST REG-4
    B. GST REG-5
    C. GST REG-01
    D. GST REG-09

    4. GST registration is mandatory for a service provider if the aggregate turnover in a financial year exceeds
    A. Rs. 20 lakh
    B. Rs. 50 lakh
    C. Rs. 75 lakh
    D. Rs. 1 Crore

    5. For how much time (till when) have these five petroleum products viz, petroleum crude, motor spirit (petrol), h
    kept out of GST?
    A. Permanently
    B. For one year
    C. Temporarily
    D. For two year

    6. Which of these items will be taxable both under Central Excise Law and the GST even after the implementatio
    A. Tobacco & Tobacco Products
    B. Alcoholic Liquor for Human Consumption
    C. Motor Spirit
    D. Natural Gas

    7. The CGST Act , 2017extends to _______


    A. Whole of India excluding the state of Jammu and Kashmir
    B. Whole of India excluding the Union territories
    C. Whole of India
    D. Whole of India excluding the state of Jammu and Kashmir but including Union territories

    8. The State Government would have _______ weightage of the total vote cast of GST Council Meetin
    a) 2/3rd
    b) 1/4th
    c) 1/3rd
    d) 3/4th
    9. Mr. Suresh manufactured 1800 litre of finished products, sold at price of Rs. 10 per liter as follows Goods sol
    Further, CGST and SGST rate on the finished product of dealer is 6% and 6% respectively. Further IGST rate is
    Calculate tax liability of SGST and CGST to be paid after tax credit.
    A. SGST and CGST Rs. 480
    B. SGST and CGST Rs. 600
    C. SGST and CGST Rs. 1200
    D. SGST and CGST Rs. 2160

    10. If Mr. Ramesh of Mumbai supplied Goods worth Rs. 10,00,000 to Jugal of Mumbai calculate the tax liabili
    A. CGST Rs. 120000
    B. SGST Rs. 120000
    C. IGST Rs. 120000
    D. CGST Rs. 60000 and SGST Rs. 60000

    11. Fixed establishment should have _____. (i) Permanent nature of arrangement and location, (ii) Sufficient hum
    Temporary presence of staff
    A. only (i) and (ii)
    B. only (iii)
    C. (i), (ii) and (iii)
    D. all (i), (ii), (iii) & (iv)

    12. In a case where passenger transportation service is provided to an unregistered person, place of supply will be
    A. Location of recipient
    B. Location of transporter
    C. Location of the destination
    D. Location where journey starts
    13. The integrated tax on import of goods shall be levied at the point when duties of ___ are
    levied on the goods u/s 12 of the Customs Act, 1962.
    A. Excise
    B. Customs
    C. GST
    D. Service Tax
    14. IGST shall be levied on ____ with effect from the date notified by the government.
    A. Alcoholic liquor for human consumption
    B. Petroleum products
    C. Natural gas
    D. Motor spirit
    15. The highest GST rate applicable now is
    A. 100%
    B. 18%
    C. 28%
    D. 50%
    16. Goods which get input tax credit without being liable to collect output tax is called
    A. Exempt goods
    B. White goods
    C. Sin goods
    D. Zero rated goods
    17. Under GST law “Aggregate turnover” of a dealer is determined
    A. State-wise
    B. All India basis
    C. shop-wise
    D. all India except Jammu and Kashmir
    18. What are the taxes levied on an intra-State supply?
    A. CGST
    B. SGST
    C. CGSTandSGST
    D. IGST
    19. What if an e-commerce operator having no physical presence in the taxable territory, does
    not have a representative in the taxable territory?
    A. His will have to discharge his tax liability in foreigncurrency
    B. He will not be liable to tax
    C. He has to appoint a person in the taxable territory for the purpose of paying
    tax on his behalf
    D. He does not have to appoint a person in the taxable territory for the purpose of
    paying tax on his behalf
    20. Unless and until notified, IGST shall not be levied on the inter-State supply of which of
    the following:
    A. Industrial Alcohol
    B. Workscontract
    C. Petroleum
    D. Raw Cotton
    21. Reverse charge under section 9(3) of the CGST Act is applicable:
    A. Only one notified services
    B. Only on notified goods
    C. On Notified goods & services
    D. Exempted Goods or Services
    22. Where supply is made from place of business for which registration is obtained, location of
    supplier of services is
    A. Location of place of business
    B. Location of fixed establishment
    C. Location of establishment most directly concerned
    D. Location of usual place of residence of supplier

    23. The default rule of place of supply of services made to any person other than a registered
    person if address on record doesn’t exist shall bethe
    A. Location where service is rendered
    B. Location of the service provider
    C. Location of the recipient
    D. Location of the registered person
    24. Input Tax credit as credited in Electronic Credit ledger can be utilized for
    A. Payment Of Interest
    B. Payment of penalty,fine
    C. Payment of late fees
    D. Payment of Taxes
    25. The Input Tax Credit as self-assessed by a taxable person is credited into the
    A. Electronic Credit Ledger
    B. Electronic Tax Liability Ledger
    C. Electronic Cash Ledger
    D. Electronic Tax Liability Register

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