Name- ayaan shekda

Course-tybaf
Roll no-147
Subject-TAX!
Phone no- 7977856551
Email-ayaan8548@gmail.com
Area- vile parle (e)

Mcq 1-6 chapter!

CHAPTER - 1: INTRODUCTION
Central Taxes to be subsumed under GST include
Central Excise Duty
Service Tax
Central Sales Tax
both (a) and (b)
Ans-d

2. State Taxes to be subsumed under GST include a)

State VAT
b) Central Sales Tax
c) Entry Tax
all the above
Ans d

3. One of the principles adopted for subsuming the taxes was that the taxes or levies to be
subsumed should be primarily in the nature of
direct taxes
indirect taxes
either (a) or (b)
none of the above
ANS-b

4. The subsumation of taxes should result in free flow of in intra and inter-state levels.
tax credit
goods and services
revenue
both (a) and (b)
ans-a

5
Chairperson of the GST council is
aUnion Minister of state in charge of revenue
B Union Finance Minister
C One elected person amongst the state finance Minister's
dMinister in charge of Finance or Taxation
Ans-b.
6. The Vice-chairman of the GST council is
aUnion Minister of state in charge of Revenue.
bUnion Finance Minister
cOne elected person amongst the State Finance Minister
dMinister in charge of Finance or Taxation.
Ans-c

7. GsT would be applicable on of goods or services.

A supply
B manufacture
C consumption
D production
A ns -a

8. GST is based on the principle of_

A based consumption.
B origin
C source
D destination
Ans c

9. Central & excise duty shall be levied in addition to GST on

A petroleum products
B Alcohol products
C tobacco and tobacco products
D alcohol for human consumption
Ans c

10. To ensure single interface all administrative control over of taxpayer having turnover
below < 1.5 crore would vest with Central Tax administration and over
_ with the state tax administration.
A 90%, 10%
B 40%, 60%
c) 60%, 40%
d 10%, 90%
ans d

11. is a tax that is shifted from one taxpayer to another.

a)Direct Tax
b) Indirect Tax
c)Entry Tax
d GST
ans b
12. Indirect Tax is a
A Regressive tax
B Progressive tax
C Tax on tax
D Value added tax.
Ans a

13. GST is charged on of goods or services.

A Manufacture or provision
B Supply
C Consumption
D Demand
Ans c

14. GST is based on

_ consumption taxation.
Supply based
Origin based
Production based
d destination based!
Ans-d

15.
In area inside the sea between 12 nautical miles to 200 nautical miles, _
CGST
SGST
will be payable.
IGST
both (a) and (b)
Ans c

16. Chairperson of the GST council is a)

Union Minister of state in charge of Revenue.
b) Union Finance Minister c)
One elected person amongst the State Finance Minister's d)
Minister in charge of Finance or Taxation

Ans-b
.
17. The Vice-chairman of the GST council is
a)Union Minister of state in charge of Revenue.
b)Union Finance Minister
c)One elected person amongst the State Finance Minister's
Minister in charge of Finance or Taxation.
Ans- c
18. To ensure single interface all administrative control over
1.50 crore would vest with central Tax administration and over
of taxpayer having turnove below
with the state Tax
administration
. a) 90%, 10%
b) 40%, 60%
60%, 40%
d)10% 90%
ans d

19. Central Taxes that would be subsumed into GST include

Central excise duty
Central sales tax
Entry Tax
Purchase Tax
Ans a

20. State Taxes that would be subsumed into GST ine Central sales tax
Central Excise Duty
b central sale tax
Service Tax
d both (a) and (b)
ans b

Chapter 2 levy and collection of tax!

1 Integrated Goods and Service Tax means tax levied under the IGST Act on the supply of
any goods and / or services in the course of
trade or commerce.
Intra-state
Inter-state
business
d)international
ans- b

Taxable event under IGST is _

of any goods and / or services in the course of inter-state trade or
commerce.
supply
production
provision
d)either (b) or (c)
ans a
3.
is levied on inter-state supplies of goods or services or both.
CGST
b)SGST
IGST
d)both (a) and (b)
ans c

4 IGST is levied on inter-state supplies except supply of a)

a)petroleum crude
motor spirit
c)natural gas
alcoholic liquor for human consumption
ans-d

The integrated tax on

shall be levied and collected in accordance with the provisions of section 3
of the customs Tariff Act, 1975.
Export of goods
b)inter-state supplies
Import of goods
d)none of the above
ans c
6. The integrated tax on goods imported into India shall be levied on the value determined
under the
A Value Added Tax Act, 2002
Integrated Goods and Services Tax Act, 2017
c)Central Goods and Services Tax Act, 2017
None of the above

Ans d
7-The integrated tax on import of goods shall be levied at the point when duties of goods U/s
12 of the Customs Act, 1962.
Excise
b)GST
c)Customs
d)Service Tax

ans b
8. IGST shall be levied on
with effect from the date notified by the Government.
alcoholic liquor for human consumption
petroleum products
natural gas
motor spirit
ans b
9. Tax on supplies of taxable goods / services by an-unregistered person to a registered
person, is to be paid by the registered person on -
proportionate basis
reimbursement basis
c reverse charge basis
partial charge basis
ans c

10. The Govemment, if it is necessary to do so in public interest, may grant exemption.

General
Special
Adhoc
Any of the above
Ans d

11. Person
goods or services or both shall not collect the tax in excess of the effective rate.
supplying exempted
b)exporting
importing
d)any of the above
ans a

CHAPTER - 3: CONCEPT OF SUPPLY

1Supplier means person supplying -
a)Goods
services
Both (a) and (b) together
or (b) or both
ans d

2 Supplier_
_person acting as an agent.
Includes
Excludes
Means
d)None of above
ans a

3Goods supplied or services rendered by

are treated as goods/services supplied by
Agent, principal
Principal, agent
Employer, employee
Employee, employer
Ans- a
4 M/s. ABC Ltd. sub-contractor the contract of AMC for computers to M/s. PQR for client
M/s. XYZ. In this case, services provided by M/s. PQR
Will be treated as services rendered by M/s. PQR
Will be treated as services rendered by M/s. ABC
Either (a) or (b), depending the contract
Will be treated as services rendered by both partially.
Ans-b.

5Services rendered by agent on behalf of principal are treated as rendered by

Agent
Either agent or principal
Principal
d)None of the above

ans-c

6.
is the person liable to pay the consideration
Recipient of supply of goods
Recipient of supply of services
Recipient of invoice for supply of goods / services
Recipient of either (a) or (b)
Ans –d

7Recipient of supply of goods or services or both means

Person liable to pay consideration
Person to whom goods are delivered
Person to whom service is rendered
All of the above

Ans d
8. Where supply is made from place of business for which registration is obtained, location of
supplier of services is
Location of place of business
Location of fixed establishment
Location of establishment most directly concerned
Location of usual place of residence of supplier
Ans a

9. Where supply is made from place other than place of business, location of supplier of
services is
Location of place of business
Location of fixed establishment
Location of establishment most directly concerned
Location of usual place of residence of supplier
10-where supply is made from more then one establishment,197
Location of place of business
2)Location of fixed establishment
Location of establishment mont directly concened
Location of usual place of residence of supplier In absence of
Ans –c

11_location of supplier of services is usual place of residence of supplier.

Business place
Both (a) and (b)
Fixed establishment
Either (a) or (b)
Ans- c

12Where supply is received at registered place of business, location of recipient of services is

Location of place of business
Location of fixed establishment
с)Location of establishment most directly concerned.
D Location of usual place of residence of recipient.
Ans –a
13-Where supply is received at place other than place of business, location of recipient 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 recipient.
Ans b

14. Where supply is received at place other than business or fixed establishment, location of
recipient of services
Location of place is business
Location of fixed establishment
Location of establishment most directly concerned
Location of usual place of residence of recipient.

Ans –c

15. In absence of
, location of recipient of services is location of usual place of residence of recipient.
Business establishment
Fixed establishment
Either (a) or (b)
Both (a) and (b)

Ans d
16. Place of business includes
Warehouse
Godown
Any place where taxable person stores his goods
All the three

Ans d
17. Place of business includes
Place where ordinary business is carried out
Place where books of accounts are maintained
Place where person is engaged in business through agent
All of the above

Ans d

18. means place other than registered place of business.

a)Business establishment
b)Fixed establishment
Branch
d)Either (a) or (b)

ans b
19. Fixed establishment should have
i Permanent nature of arrangement and location
ii) Sufficient human and technical resources
iii) Adequate number of staff
iv) Temporary presence of staff

ans c

20. Inter-state supplies means location of the supplier and place of supply are in
2 different union territories
Two different states
A state and a union territory
All of the above

Ans d
21. Supply of goods imported into territory of India, shall be treated as
till they cross custom
frontiers of India.
Intra-state supplies
b)Inter-state supplies
import supplies
d)Exempt supplies

ans –b
22. M/s. ABC of Gujarat supplies goods to M/s. XYZ of Delhi, this will classify as
b) Export supply
a) Intra state supply d) Deemed
supply
c) Inter state supply
b) Inter state
Ans –c supply

23. Mr. Abhijeet of Pune provides services to Mr. Raj of Surat, this will classify as
a) Intra state supply d) None of the
above
c intra state
B Exempt services
Ans b

24. Supply of services imported into the territory of India are treated as
b)
Intra sate
supply
Inter state supply d) International
c) Exempt supplies supplies

Ans c

25. When supplier is located in India and place of supply is outside India, it is
treated as
b)
Import supply
a) Export supply d) Exempt
supply
Inter-state supply is treated as
Supply of goods / services to inter-state
supply.
Ans D b) SEZ unit
a) Government d) Both (b) and
26. (c)none of
above
B SEZ developer
Ans d

27-Where location of supplier and place of supply are

same, it is treated as
. Intra-state supply
Inter state supply
c) Domestic supply
Either a or b

Ans a
28-Following are not treated as Intra-state supply -
i) Supply to SEZ developer or SEZ unit.
ii) Goods imported into India till they cross custom frontiers of India.
iii)Supplies made to tourists.
iv)Supplies within same union territories.

Ans b
29. Intra state supply does not include
a)Supply of services to SEZ developer or SEZ unit
b) Supply of services by SEZ developer or SEZ unit
c) both (a) and (b)
d) None of the above

Ans c
30. When supply movement of goods, place of supply of
goods is determined by location of goods at
the time when movement of
goods terminates for
delivery to recipient.
a) involves b) does not involve
c) either (a) or (b) D none of the above

Ans – d

When the supplier delivers goods to

31 of such goods will be recipient or any person on direction of third
principal place of business person, place of supply
of
a) supplier b) ≥ recipient
c) 3* person D None
Ans – b

goods at the time of Where supply of goods does not involve

32. movement of goods, place of supply will be
location of such

a)removal from factory of

supplier
 c) either (a) or (b) b) delivery to recipient
d ) completion of work on such goods
Ans1
Where goods are assembled or installed at
33. site, place of supply is the place where they
are
a) sold b) stored
c) installed d)all of the above

Ans-
b

34. Where goods are supplied on board a

conveyance, place of supply goods is the
place where

a) conveyance
commencement
C)goods are taken on board b)conveyance ends
d) None of the above
Ans b

35. means bringing goods into

India from a place outside
India.
a)
Intra-state supply
c)Import of goods b) Inter-state supply
means taking goods out of d) Import of services
India
Ans b
36.

to a place outside India

.
a) Intra-state supply
b)Inter-state supply
c) Export of services d)Export of goods
Ans A

37Place of supply when goods are imported into India is

Location of importer
Location outside India
Location of supplier
None of the above
Ans b

38. Place of supply when goods are exported from India is

Location of exporter
Location outside India
Location of receiver
None of the above
Ans a

39.When supply of services is made to a registered person, place of supply

is location of
supplier of service
recipient of service
either (a) or (b), as the case may be
None of the above

Ans a
40. When supply of services is made to a person who is not registered,
place of supply is location of
Recipient, if address is available
Supplier, if address is available
Supplier, in any other case
either (a) or (c)

ans b
41. Services provided in relation to immovable property where services are
directly related to immovable property, the place of supply is the location
where immovable property is
located
intended to be located
either (a) or (b)
None of the above

Ans d
42. Where location of immovable property is located or intended to be
located outside India, place of supply is
Outside India
Location of supplier
Location of recipient
None of the above
43. Where immovable property is located in more than one state or union
territory, supply of service will be treated as made in
state with highest proportion of service supplied.
each state / union territory proportionate to the value of services separately
collected.
state/ union territory as per the contract / agreement.
either (b) or (c

Ans a)
44. For services such as Restaurant and catering, personal grooming,
fitness, beauty treatment, health services etc. place of supply is the
location
of recipient
where service is actually performed
of supplier
of registered person

ans d

45. Where services in relation to training and performance appraisal to a

registered person are provided, place of supply is
location of such registered person
b)location of supplier
location where training is provided
d)none of the above

ans a
46. Where services in relation to training & performance appraisal are
provided to an unregistered person, place of supply is
Location of such registered person
Location of supplier
Location where service is actually performed
none of the above
Ans b

47. Place of supply for services by way of admission to events is

place where event is actually held
place of recipient
place of supplier
none of the above

ans d

48. Services provided by way of services ancillary to organization of any

of the events or services or assigning of sponsorship to such events to an
unregistered person, place of supply if event is held outside India will be_
a)
a)place where event is held
location of recipient
c)location of supplier
none of the above

ans b

49. Place of supply for Goods Transportation services provided to a

registered person is _
Location of supplier
Location of recipient
Location where service is provided
None of above

Ans a

50. Place of supply of goods transportation services to is location at which

the goods are handed over for their transportation.
registered person
b)unregistered person
both (a) and (b)
d)unregistered person either (a) or (b)

ans d

51. In a case where passenger transportation service is provided to an

unregistered person, place of supply
will be
Location of recipient to sa
Location of the destination
Location of transporter
d)Location where journey starts
ans a
52. The return journey shall be treated as a separate journey
If the right to passage for onward and return journey is issued at same
time.
If the right to passage for outward and return journey is issued separately.
Irrespective of whether the right to passage for outward and return journey
is issued at same time of
None of the above.
Ans d

53.
Transfer Journey
B change over
Stopover
any of this
ans c
54. Following conditions need to be satisfied for a journey to classify as
continuous journey :
i Single / more than one ticket / invoice is issued at same time.
ii) Invoice is issued by a single supplier or agent acting on behalf of more
than one supplier. iii It involves no stopover between any legs of the
journey.
and (ii)
and (iii)
and (iii)
(i), (ii), (ill)
Ans a
55. Stopover means a place where a passenger can disembark to
Transfer to another conveyance
Break his journey to resume it at a later time
Terminate his journey
Either (a) or (b)
Ans d

56. For services provided on board a conveyance, place of supply of

services will be
Location of first scheduled point of departure of that conveyance for the
journey.
Location of recipient. c)
Location where the services are taken on board.
Location of supplier.

Ans a

57. For telecommunication services, place of supply is

Location where telecommunication line is installed for receipt of services.
Location of recipient for registered persons.
Location of supplier in any other case.
Either (b) or (c)

Ans b

58. In case of Mobile connection for telecommunication and internet

services provided on post-paid basis, location of becomes the place of
supply.
Billing address of recipient as per PAN.
Billing address of recipient as per government records.
Billing address of recipient as per records of supplier.
Billing address of supplier.
Ans b

59. In case services of mobile connection are provided on pre-paid basis,

the location
becomes place
of supply.
Of selling agent / re-seller
Where pre-payment is received
Location of recipient
D Any of the above, as the case may be

Ans c

60 -For banking and financial services, place of supply is_

Location of recipient in records of supplier
b)Location of supplier
c)Location of Head Office
d)Either (a) and if(a) is not available then (b)

ans d
61. If insurance services are provided to
Registered person
b)unregistered persons
Government
d either a or b

ans a

62. For Advertisement services provided to states / union territories.

Central Government
b)state government
A statutory body
D al of above

Ans b

63-Provisions of section 13 are applied when location of is outside India.

Recipient
B) Supplier
Either (a) or (b)
Both (a) and (b)
Ans b
64. Place of supply of services where location of supplier or location of
recipient is outside india as per the default section for its determination
Location of recipient
Location of supplier
Either (a) or (b)
(a), or (b) if (a) is not available
Ans a

65. For services provided in respect of goods where its physical

availability is important, place of supply is
Location where goods are kept at the time of supply
Location where service is actually performed
Location of recipient
Location of supplier

Ans c
66. Where services relating to physical availability of goods are provided
from remote areas by way of electronic means, place of supply is
Location where goods are kept at the time of supply
Location where service is actually performed
Location of recipient
Location of supplier

Ans d
67. Where supply of service requires physical presence of the recipient,
place of supply is _
Location where service is actually performed
Location of recipient
Location of supplier
Location outside India
Ans b

68. For services supplied by way of admission to an event, the place of

supply if supplier / recipient is outside india will be
Location of supplier / recipient who is in India.
Location outside India.
Location where the event is actually held.
Location of the supplier.

Ans b
69. In case of
provided at more than one location, including a location in taxable
territory, where
either the supplier or the receiver is outside India, the place of supply is the
location of taxable territory.
Performance based services
Services relating to immovable property
Services relating to events
All of the above

Ans a

70. Where services relating to events are supplied in more than one State
or Union territory, place of supply will be
In proportion to the value of service provided in each State or Union
Territory.
The State / Union Territory where highest proportion of service is
provided.
Mutually decided among receiver and supplier.
Location of taxable territory.
Ans d

71. In case of specified services such as services provided by banking

company / Financial institutions / Non-banking financial company to its
account holders, the place of supply will be
Location of the receiver of services.
Location of the supplier of services.
Location of head office of the supplier of services.
None of the above

Ans a
72
The liability to pay tax on goods shall arise at the
removal of goods
dispatch of goods
d)delivery of goods
time of supply

ans b
73Under reverse charge, the liability to pay tax on supply of goods and / or
services is on
supplier of supply
recipient of supply
or (b) who is India
both, 50% each or only

ans d
3When an invoice is not issued within prescribed period, time of supply
shall be
date of receipt of payment
date of provision of service
or (b), whichever is later
or (b) whichever is earlier
4 In example (8) above, if invoice is raised on 10-7-2021 and amount is
received on 20-6-2021, everything else being same, time of supply will be
and tax rate levied will be
10-7-2021
b)15-7-2021
01-7-2021
15-6-2021
Ans c

5In example (4) above, if the invoice is raised on 30-6-2021, everything

else remaining same, the time of supply will be a)
A 10-7-2021
B15-7-2021
C 30-6-2021
D 15-6-2021

Ans c
6In example (4) above, the tax rate levied will be
15%
b)18%
c)3%
33%

Ans b
7. In example (5) above, the tax rate levied will be
33%
b)3%
18%
15%
Ans a
8. Ms. Pooja supplied services to Ms. Smita on 5-7-2021. She raised an
invoice on 20 6-2021 and received the amount on 10-7-2021. The tax rate
for these services was changed from 15% to 28% on 1-7-2021. The time of
supply will be _ and tax a rate levied will be
20-6-2021, 28%
10-7-2021, 28%
20-6-2021, 15%
10-7-2021, 15%
Ans a

9 In example (8) above, if invoice is raised on 10-7-2021 and amount is

received on 20-6-2021, everything else being same, time of supply will be
and tax rate levied will be
20-6-2021, 28%
b)10-7-2021, 15%
20 6-2021, 15%
D) 10-7-2021, 28%

Ans d

10- Ms. Amruta issued an invoice to Ms. Ankita on 5-7-2021 for services
rendered on 15-7-2021.
Ms. Ankita paid this amount on 7-7-2021. The rate of tax was changed on
10-7-2021. The time of supply shall be
5-7-2021
7-7-2021
10-7-2021
15-7-2021

Ans b

11of supply is the amount upon which tax is levied and collected.
a)value
b)turnover
C cost
Gross value
Ans a

2Consideration in relation to supply of goods or services or both excludes

subsidy given by Central Government
subsidy given by State Government
Deposit unless appropriated by supplier
all of the above
Ans d

3Transaction value of supply excludes

Taxes, Duties, Cesses
subsidies linked to price
incidental charges d)
4.none of the above
Ans c

4 Where the value of a supply of goods or services or both is not

determinable by any preceding rules,
provision of such services.
cost of production / manufacture / acquisition of such goods or
100% of
equal to
b)110% of
90% of
Ans b

5 For a currency when exchanged from or to Indian Rupee, the value of

supply shall be equal to
_ Buying / Selling Rate) Total no. of units of currency.
a)US S exchange rate
Previous day closing rate
RBI reference rate
RBI exchange rate
Ans c

6. In cases where RBI Reference rate for a currency is not available, the
value shall be
0.1% of the gross value of transaction.
1% of the gross amount of Indian Rupees.
0.1% of the gross amount of Indian Rupees.
2% of the gross amount of Indian Rupees.
Ans d

7.
Mr. Ajay exchanged 100 S to 150. The RBI Reference Rate for $ was ?
60/- and for £ was 7 50/-. The value of supply will be
& 60/-
75/-
6,000/-
D) 7,500/-
Ans a

8. The value of supply of services in relation to booking tickets for travel

by air provided by an air travel agent shall be deemed to be an amount
calculated
@ 5% of the basic fare in case of domestic bookings.
@ 10% of the basic fare in case of domestic bookings.
C)@ 5% of the basic fare in case of international bookings.
@ 10% of the basic fare.

Ans b

9. Ashok booked a ticket for Delhi from Ajay, an air travel agent at basic
fare of 7 10,000/-. Ashok also booked a ticket for Dubai at basic fare of 7
20,000/- from Aman, another air travel agent. The deemed value of supply
for Ajay and Aman will be
7 5,000/-, Nil
b)Nil, * 500/-
7 500/-,72,000/-
-500/-,71,000 }
Ans a

10. In case of single premium annuity policies, the value of supply of

services in relation to life insurance business, shall be
25% of the single premium charged
15% of the single premium charged
10% of the single premium charged
12.5% of the single premium charged
Ans b

11. Mr. Bean was appointed to supervise the procedure of IPO issue of
company ABC Ltd. For this, Mr. Bean paid a sum of * 2,500/- to Registrar
of companies on behalf of company ABC Ltd. Hence, this & 2,500/- paid
by company ABC Ltd. to Mr. bean, will
not form part of value of supply of Mr. Bean
form part of value of supply of Mr. Bean
form part of value of supply, if charged in Bill
be included in the value of supply of actual value

Ans d

CHAPTER - 4: DOCUMENTATION
1 is an instrument containing allthe necessary details of transactions of
supply of goods / services.
a)Delivery Challan
Invoice
E-Way bill
Sales voucher

Ans d

2- A registered person supplying taxable goods shall issue invoice

removal of goods for supply to
the recipient, where supply involves movement of goods.
before
after
at the time of
or (b)
In case of continuous supply of services, the invoice shall be issued
on a before the due date of payment, where the due date of payment is
ascertainable from the contract.
Ans A

3before or at the time when the supplier of service receives the payment,
where the due date of payment is not ascertainable from the contract.
c)on or before the date of completion of that event
d where the payment is linked to the completion of an event
i), (ii)
only
(ii), (iti)
(i), (ii) & (iii)

Ans b

4 Where the goods being sent or taken on approval for sale or return are
removed before the supply takes place, the invoice shall be issued before
or at the time of supply or
6 months from the date of removal
None of the above
both (a) and (b)
None of the above
Ans c

5 -An invoice is to be issued before or after provision of service but within

14 days
6 15 days
45 days
can issue an invoice within 45 days from the date of supply of service.
issurer (ii) banking compay (iii) financial institution (iv) non-banking
financial institution
ii) and (Iv)
and (il)
ans d

6A registered person may not issue a tax invoice if the value of the goods
or services or both supplied is less than & 200 subject to the condition a)
the recipient is not a registered person b)
the recipient does not require such invoice
c)
both (a) and (b)
d)
none of the above

Ans a
7 A registered person shall on receipt of shall issue a Receipt voucher.
Advance payment
Goods
Services
d)either (b) or (c)

ans a

9. A
is issued when advance payment is received but no supply of goods or
services is made and no
tax invoice is issed against it.
Receipt voucher
Refund voucher
Bill of supply
Debit Note

Ans c
10. A registered person who is liable to pay tax under section 9(3) or 9(4)
shall issue a
at the time of
making payment to the supplier.
Receipt Voucher
Refund voucher
Payment Voucher
d)Credit / Debit Note
ans b

11. Consigner can issue

in lieu of invoice at the time of removal of goods for transportation.
Bill of supply
b)E-way bill
Payment Voucher
d)Delivery Challan
ans a

12. Where the supplier of taxable service is supplying, a tax invoice shall
include a ticket.
Passenger Transportation services
Goods Transportation services
both (a) and (b)
none of the abover
Ans a

CHAPTER - 5: INPUT TAX CREDIT

1Aggregate Turnover means aggregate value of
exempt supplies ii) taxable supplies (ili) cess (iv) inter-state supplies
(f), (i), (iv)
b)i, (ii), (iii)
c)(i), (ii)
all (i) to (iv)
ans a

2 Aggregate Turnover excludes

exempt supplies
cess
c value of inward supplies
both (b) and (c)
ans b

3 Exempt supply of any goods or services or both which attracts rate of

tax.
Nil
zero
c subsidey.
either (a) or (b)
ans a

4 what includes non taxable supply

Aggregate Turnover
Inward supply
Exempt supply
Ans d

5Input tax does not include

Export supply
IGST on import of goods
b)) Tax paid under composition levy
C SGST and UTGST
Ans d
6 Output Tax excluded
cess
b)input tax credit
composition levy
d)tax payable on reverse charge basis
ans d
.
7f the payment to the supplier of goods or services is not made within
from the date of issue of
invocie, the input tax credit on such goods or services cannot be availed
6 months
180 days
45 days
30 days
Ans d

8. A registered person shall not be entitled to take input tax credit in

respect of any invoice or debit note for supply of goods or services or both
after
20* October of the next financial year.
31* December of the next financial year
or (b), whichever is carlier
or (b) whichever is later
ans A

9. Input tax credit on Motor vehicles can be climed only if they are used
for supplying services of
transportation of passengers
transportation of goods
imparting training on driving
all the above

ans b
10. A person who has been granted registration under GST Act, is entitled
to take credit of input tax in respect of _ from the day immediately
preceeding the date from which he becomes liable to pay
tax.
inputs held-in stock
inputs contained in semi-finished goods held-in stock
inputs contained in finished goods held in stock
all the above
Ans d

I1. Inputs sent for job work not received back by the principalwithin of
being sent out shall be
deemed to be supplied by the principal to the job workers.
1 year
3 years
6 months
180 days
Ans a

12. Capital goods sent for job work not received back by the principal
within
of being sent out shall
be deemed to be supplied by the principal to the job worker.
3 years
1 years
6 months
180 days

Ans b

13. The Input service distributor shall distribute the credit of

as central tax or integrated tax.
central tax
state tax
integrated tax
both (a) and (c)
ans d

CHAPTER - 6 : REGISTRATION UNDER GST LAW

1 A person is liable to be registered under GST LAW where his aggregate
turnover exceeds
40 lakhs
Z 20 lakhs
Either (a) or (b) as the case may be
15 lakhs

Ans a

2. Aggregate Turnover includes

Exempt supplies
Either (a) or (b)
Inward supplies
Both (a) & (b)
Ans a
3
Aggregate Turnover includes
Taxable supplies
Export of goods and services
Inter-state supplies
All the above
Ans b
4Aggregate Turnover excludes
Central Tax
State Tax
Cess
All the above
Ans d
5A supplier supplying goods or services in more than one state has to take
Centralized registration for all states
Registration in state where his registered / head office is situated
Separate registration in every state
Registration in the state with maximum turnover
Ans c

6In case of transfer of business,_

has to obtain a fresh registration.
Transferor
Transferee
Either (a) or (b)
None of the above
Ans d

7Any person engaged exclusively in the business of supplying goods or

services or both that are not liable for registration under GST LAW.
Not liable to tax
Both (a) and (b)
Wholly exempt from tax
None of the above
Ans d