Advance GST MCQ Question with Answer

Question No : 22
Which of the following forms part of transaction value?
1) GST compensation cess
2) Payments made to third parties by the recipient on behalf of the supplier in relation to the supply
3) Entertainment tax levied by local authority
4) Commission paid to an agent and recovered from the recipient
5) Inspection charges at recipients site
6) Charges for delay in payment waived off by supplier
State the correct answer from the options given below

Question No : 23
Mr. Allauddin, a stationery retailer, located and registered under GST in Allahabad, has received order for supply of goods worth 2,00,000 on 12th November from another local registered dealer, Mr. Jallauddin.
Goods were supplied under the cover of a tax invoice. Mr. Allauddin, incurred the following additional expenses before the goods were delivered to Mr. Jallauddin:
Packing charges - 3,000
Freight & Cartage - 2,500
Handling Charges - 1,500
Mr. Jallauddin made full payment (including the additional amounts charged by Mr. Allauddin) on delivery of the goods for which he was allowed instant cash discount of 2,000.
The applicable rates of tax on the goods supplied are: IGST @ 18%, CGST @ 9% and SGST @ 9% and the amounts given above are exclusive of GST. Mr. Allauddin paid CGST of 18,000 and SGST of 18,000. As a tax consultant, determine the further tax liability of Mr. Allauddin.

Question No : 24
Which of the following is/are included in definition of Goods as defined under section 2(52) of the CGST Act, 2017
I. Money
II. Actionable claim
III. Security
IV. Growing crops
Select the correct answer from the options given below

Question No : 25
Jolly Electronics (P) Ltd., an authorized dealer of GG Micro Ltd., is located and registered under GST in Lucknow, Uttar Pradesh. It hassold following items to Mr. Rakesh (a consumer):

Product	Amount
Refrigerator (500 litres) taxable @ 18%	40,000
Stabilizer for refrigerator taxable @ 12%	5,000
LED television (42 inches) taxable @ 12%	30,000
Split air conditioner (2 Tons) taxable @ 28%	35,000
Stabilizer for air conditioner taxable @12%.	5,000
Total value	1,15,000

Jolly Electronics (P) Ltd. has given a single invoice indicating price of each item separately to Mr. Rakesh. Mr. Rakesh has given a single cheque of 1,00,000 for all the items as a composite discounted price. State the type of supply and the tax rate applicable on the same.

Question No : 26
Which of the following persons can opt for the composition schemeunder subsections (1) and (2) of section 10 of the CGST Act, 2017, inthe State of Delhi?
1. Registered person whose aggregate turnover in the precedingfinancial year did not exceed 75 lakh.
2. Registered person whose aggregate turnover in the precedingfinancial year did not exceed 1.5 crore.
3. A person engaged in manufacture of pan masala, tobacco andmanufactured tobacco substitutes.
4. A person engaged in the manufacture of ice cream, other edibleice, whether or not containing cocoa.
5. A person engaged exclusively in providing restaurant service.
6. A person engaged exclusively in supply of medicines.

Question No : 27
ITC on works contract service can be availed only if

Question No : 28
Which of the following taxes will be levied on imports?