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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 : 8
What is the time of supply of vouchers when the supply with respect to the voucher is not identifiable?

Date of issue of voucher
Date of redemption of voucher
Earlier of (a) & (b)
(a) & (b) whichever is later
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Question No : 9
Which of the following statements is false?

ITC on works contracts services availed by a software company for construction of its office, is blocked.
ITC on works contract services availed by a manufacturing company for construction of pipelines to be laid outside its factory, is blocked.
ITC on goods and/or services used by an automobile company for construction of a foundation on which a machinery (to be used in the production process) is to be mounted permanently,is allowed.
ITC on works contract services availed by a consulting firm for repair of its office building is blocked provided the company has booked such expenditure in profit and loss account.
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Question No : 10
Which of the following taxes have been subsumed in GST?

Central sales tax
Central excise duty
VAT
All of the above
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Question No : 11
What is time of supply of goods, in case of forward charge?

Date of issue of invoice
Due date of issue of invoice
Date of receipt of consideration by the supplier
Earlier of (a) & (b)
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Question No : 12
When can the transaction value be rejected for computation of value of supply

When the buyer and seller are related and price is not the sole consideration
When the buyer and seller are unrelated or price is not the sole consideration
It can never be rejected
When the goods are sold at very low margins
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Question No : 13
What is the time of supply of vouchers when the supply with respect to the voucher is identifiable?

Date of issue of voucher
Date of redemption of voucher
Earlier of (a) & (b)
(a) & (b) whichever is later
View Answer   Discuss

Question No : 14
What is the time of supply of services where the supplier is liable to pay tax under forward charge and the invoice is not issued within prescribed period under section 31(2)?

Date of issue of invoice
Date of completion of provision of services
Date of receipt of payment
Date of completion of provision of service or date of receipt of payment; whichever is earlier.
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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