Taxation MCQs With Answers Part 1
1. What of the following taxes is applicable in the case of supply of goods from Gujarat
to Assam?
a) CGST
b) SGST
c) UTGST
d) IGST
2. which of the following taxes is applicable in the case of supply of services from Bihar
to Rajsasthan?
a) CGST
b) SGST
c) UTGST
d) IGST
3. Which of the following commodities is not kept outside the perview of GST?
a) High speed Diesel
b) Natural Gas
c) Supply of liquor for human consumption
d) Aviation turbine fuel
4. which of the following taxes have been subsumed in GST?
a. Central Sales Tax
b. Central Excise Duty and Service Tax
c. Value Added Tax
e) All of Above
5. GST is levied on supply of all goods and serices except?
f) Alcoholic liquor for human consumption
a) Tobacco
b) Legal sevices
c) All of the above
6. who shall be empowered to levy and collect GST on supplies in the course of Inter
state Transactions of trade or commerce?
a) Central Government
a) State Governments
b) Union Territories
c) All of the above
7. Any job work carried out by a labour contractor on another person‘s goods shall be
treated as
a) supply of goods
b) supply of services
c) supply of services provided job work is carried out without any material
d) supply of services whether the job work is carried out with or without
any material.
8. What is the threshold limit of aggregate turnover (after 13-20-2017) for opting to pay
tax under ‗composition scheme‘?
a) Rs. 50 Lakhs
b) Rs. 75 Lakhs
c) Rs. 1 Crore
d) Rs. 75 Lakhs in case of special category states and Rs. 1 crore for any other State.
9. means the aggregate value of
a) taxable supplies
b) exempted supplies
c) Inter-state supplies and export of goods or services or both
d) All of the above
10. Can person who opts for composition scheme‘ collect any tax from the recipient of
goods or services or both?
a) Yes
b) No
c) Yes, provided the recipient is a registered person
d) Yes, provided the recipient of goods or services is an unregistered person.
11. Who among the following is included in definition of ―Agriculturist‖ as defined in
Section 2(7) of the CGSTAct, 2017?
I. Individual
II. HUF
III. Partnership Firm
IV. Company
State the correct answer from the options given below-
a) I
b) I & II
c) I, II & III
d) I, II, III & IV
12. As per CGST act, 2017 means a distinguishable component of an enterprise that
is engaged in the supply of individual goods or services or a group of related goods or
services which is subject to risks and returns that are different from those of the other
business verticals-
a) Business
b) Business vertical
c) Organization
d) Continuous business
13. Registered person may issue a consolidated tax invoice for such supplies at the close
of each day in respect of all such supplies provided
a) The recipient is not a registered person
b) The recipient does not require such invoice
c) The value of goods and services or both per invoice is less than INR 200
d) All the above conditions are satisfied