Taxation MCQs With Answers Part 2
1. Under which notification is services notified wherein whole of the CGST is paid on
reverse charge basis by the recipient of services:
a) Notification No. 09/2017 CT (R)
b) Notification No. 12/2017 CT (R)
c) Notification No. 13/2017 CT (R)
d) Notification No. 17/2017 CT (R)
2. GST was implemented in India from
a) 1st January 2017
b) 1st April 2017
c) 1st March 2017
d) 1st July 2017
3. In India, the GST is a dual model of
a) UK
b) Canada
c) USA
d) Japan
4. GST is a consumption of goods and service tax based on
a) Development
b) Dividend
c) Destiny
d) Destination
5. India‘s GST structure are based on how many structures?
a) 6
b) 4
c) 3
d) 5
6. The maximum rate for CGST is?
a) 28
b) 12
c) 18
d) 20
7. The maximum rate for SGST/UTGST is?
a) 28
b) 14
c) 20
d) 30
8. The maximum rate for CGST/ITGST is?
a) 28
b) 14
c) 20
d) 30
9. What does ―I‖ in IGST stands stand for?
a) Internal
b) Intregrated
c) Internal
d) Intra
10. Any person who occasionally undertakes transactions involving supply of goods or
services or both, but who has no fixed place of business or residence in India is
a) Business person
b) Casual taxable person
c) composite dealer
d) Non resident dealer
11. Output tax of a taxable person,
a) Includes reverse charge
b) Excludes reverse charge
c) Includes composite tax
d) Includes all the taxes paid
12. Supply of goods or services which constitutes the predominant element of a
composite supply is called
a) Common supply
b) Principal supply
c) Mixed supply
d) Continous supply
13. Liability to pay tax by the recipient of supply of goods or services is called
a) Output tax
b) Reverse charge
c) Input tax
d) None of these
14. The chair of GST Council
a) Nominated by the Govt
b) Nominated by the GST Council
c) Union Finance Minister
d) Elected by the GST council
15. In the GST council meetings , the vote of the Central Government shall have a
weightage of
a) 1/3 of votes cast
b) 1/2 of votes cast
c) 2/3 of votes cast
d) None of these