Goods and Services Tax MCQs With Answers
1. What is the full form of GST?
A) Goods and Supply Tax
B) Goods and Services Tax
C) General Sales Tax
D) Government Sales Tax
Answer: B
2. GST was implemented in India from
A) 1st January 2017
B) 1st April 2017
C) 1st March 2017
D) 1st July 2017
Answer: D
3. In India, the GST is based on the dual model GST adopted in:
A) UK
B) Canada
C) USA
D) Japan
Answer: B
4. GST is a consumption of goods and service tax based on
A) Development
B) Dividend
C) Destiny
D) Destination
Answer: D
5. The number of structures in India’s GST model is?
A) 6
B) 4
C) 3
D) 5
Answer: B
6. The maximum rate for CGST is?
A) 28
B) 12
C) 18
D) 20
Answer: D
7. The maximum rate applicable for SGST/UTGST is?
A) 28
B) 14
C) 20
D) 30
Answer: C
8. GST rates applicable on goods and services are:
A) 0% 5% 12% 18% 26%
B) 0% 6% 12% 18% 28%
C) 0% 5% 12% 18% 28%
D) 0% 5% 12% 16% 28%
Answer: C
9. Taxes that are levied on any Intra-State purchase are?
A. IGST
B. CGST and SGST
C. SGST
D. SGST
Answer : B
10. What does “I” in IGST stands stand for?
A) Internal
B) Integrated
C) Internal
D) Intra
Answer: B
11.Which of the following is indirect tax?
(A) Income tax
(B) Wealth tax
(C) Corporation tax
(D) Sales tax
Answer: D