Taxation MCQs With Answers Part 3
1. Tax rate on goods under GST are determined by
a) Union budget
b) State budget
c) GST council
d) Central Govt in consultation with state Govt.
2. Integrated Goods and Services Tax Act is applicable to
a) All the States
b) All the Union territories
c) The whole of India
d) All the states except Jammu and Kashmir
3. Integrated GST is applicable on goods or services
a) Imports
b) Interstate Sale
c) Exported from India
d) Imports and interstate sales
4. The rate of IGST is equal to the rate of
a) CGST
b) SGST
c) CGST plus the rate of SGST
d) SGST plus UTGST
5. IGST collected belong to
a) Central Government
b) To the State in which supply occurs
c) to the State to which supply occurs
d) The Centre and state to which supply occurs
6. Goods and service tax is –
a) Supply based
b) Consumption based
c) Both supply and consumption based
d) None of these
7. GST was introduced in India with effect from
a) 1.1.2017
b) 1.4.2017
c) 1.1.2018
d) 1.7.2017
8. Constitution Amendment Act, 2016 for GST was
a) 80th
b) 101st
c) 122nd
d) None of these
9. UTGST is applicable when
a) Sold from Union territory
b) Goods are purchased by Central Government
c) Sold from one union territory to another union territory
d) There is interstate supply
10. Integrated Goods and Services Tax is applicable when –
a) Sold in Union territory
b) Sold from one GST dealer to another GST dealer
c) Sold within a state
d) There is interstate supply
11. SGST is applicable when
a) Goods are sold within a state
b) Goods are sold from one GST dealer to a customer
c) Goods are sold by a GST dealer to another GST dealer
d) Interstate supply
12. The tax which was not merged into GST
a) Counterveiling Duty
b) Excise duty
c) Basic Customs Duty
d) Purchase tax
13. After introduction of GST supplies to SEZ are
a) Subject to IGST
b) Subject to CGST plus SGST
c) Zero rated
d) SGST plus CGST plus IGST
14. The highest GST rate applicable now is ---
a) 100%
b) 18%
c) 28%
d) 50%
15. 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
16. GST can be collected by
a) Any registered dealer
b) Any GST dealer
c) Any service provider
d) Any dealer