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Advance GST MCQ Question with Answer

Advance GST MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.

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Question No : 15
What is the nature of supply if the nature of Supply is not determinable?

Intra-state
Inter-state
Either (a) or (b) at the option of Taxpayer
Either (a) or (b) at the option of PO
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Question No : 16
Aircool Ltd., a supplier of air conditioners, is registered under GST inthe State of Maharashtra. It has a policy to gift an air conditioner to its employees [residing in Gujarat] at the end of a financial year in terms of the employment contract. The company installs such air conditioners at the residence of the employees.
During the current financial year, the company gifted its employees 150 air conditioners and got the air conditioners installed at the residence of these employees. The total open market value of such air conditioners is 52.50 lakh (excluding GST). The tax rate on such air conditioners is 28% (14% CGST, 14% SGST and 28% IGST). Compute the GST liability of Aircool Ltd., if any.

7,35,000 - CGST, 7,35,000 SGST
14,70,000 - IGST
Nil
7,35,000 IGST
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Question No : 17
Who will notify the rate of tax to be levied under CGST Act?

Central Government
State Government
GST Council
Central Government as per the recommendations of the GST Counci
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Question No : 18
GST is levied on supply of all goods and service except.....

Alcoholic liquor for human consumption
Tobacco
Health care service
All of the above
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Question No : 19
Maximum rate of CGST prescribed by law for intrastate supply made is.......

18%
40%
20%
28%+cess
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Question No : 20
Aggregate turnover does not include

Inward supplies on which tax is payable on reverse charge basis
Exempt supplies
Export of goods or services or both
Inter-State supplies of persons having the same PAN number
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Question No : 21
Which of the following is not a supply under the CGST Act, 2017?

Goods supplied free of cost by X & Sons to its agent for further supply to customer at 5,000 for which invoice will be issuedby the agent in his own name.
Importation of accounting services (for business purposes) free of cost from a dependent father residing in US.
An expensive watch gifted to an employee for 50,000. No other gifts provided to such employee during the entire financial year.
A machinery disposed off free of cost on which input tax credithas been availed.
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Wanna test your skill? Here are some exams we prepared for you. So if you need to test your skill just attempt any exam from bellow.

Exam Name No. Of Q Link
Accounting set 1 30 Start
Accounting set 2 30 Start
Accounting set 3 30 Start
Accounting set 4 30 Start
Accounting set 5 30 Start
Accounting set 6 30 Start
Accounting set 7 30 Start
Accounting set 8 30 Start
Accounting set 9 30 Start
Accounting set 10 30 Start
Accounting set 11 30 Start
Accounting set 12 30 Start