Related Questions
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A ______ is a mandatory financial charge or levy or burden imposed upon a taxpayer by the government in order to fund different public expenditures.
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Goods and services tax mean any tax on supply of goods or services or both except taxes on the supply of the _____...
C. Any material in tangible form
D. Alcoholic Liquor for human consumption
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RK (Delhi) supplies goods to AB in Delhi. Determine the kind of supply and the applicable tax.
A. Inter-State Supply, IGST
B. Intra-State Supply, CGST and SGST
C. Intra-State Supply, IGST
D. Inter-State Supply, CGST AND SGST
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What kind of Tax is GST?
C. Depends on the type of goods and services
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Goods are packed and transported with insurance, packing materials, transport and insurance. This is a case of
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Supply NOT include _____.
A. All forms of supply such as sale, transfer, barter, exchange, lease or rental
B. Importation of services for a consideration whether or not in the course of business
C. Activities covered in Schedule I or Schedule II
D. Export of goods and services
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Uniform rate of taxes are applicable in the case of _____.
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First discussion paper (FDP) which formed the basis for GST in 2009 was released by
A. Union Finance Ministry
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What are different types of supplies covered under the scope of Supply?
A. Supplies made with consideration
B. Supplies made without consideration
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_____ persons under GST means persons who are under influence of one-another like members of the same family.
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_____ supply means supply of goods or services which is provided or agreed to be provided on continuous or recurring basis.
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_____ Supply means two or more individual supplies of goods or services or any combination thereof made in conjunction with each other by a taxable person for a single price where such supply does not constitute a composite supply.
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Related persons include all but not one of the following. Mark the correct answer.
A. Directors of each others business
B. Legally recognised partners
D. Any third person holding 10% shares of both the companies
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Can Composition scheme be availed if the registered person effects interstate supplies?
C. Yes, subject to prior approval of the Central Government Levy and Collection of Tax 11 Indirect Taxes Committee
D. Yes, subject to prior approval of the concerned State Government
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Who is the chairperson of the GST Council?
C. Union Finance Minister
D. State Revenue Minister
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GST is a _____ based tax.
A. Consumption/Destination
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_____ supply means supply of goods or services or both which attract nil rate of tax and which are not chargeable to tax.
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_____ ssupply means supply of goods or services or both on which no tax is payable and such supplies include export of goods and supply of goods to special economic zones.
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Goods which get input tax credit without being liable to collect output tax is called
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Any transaction or occurrence that results in a tax consequence is called a taxable event. In case of GST, the taxable event is_____..
C. Supply of goods and services
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First announcement for introduction of GST arose in
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_____ supply means a supply of goods or services or Both which is leviable to tax under this act.
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In the case of reverse charge, tax is paid to the government by
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Schedule I of GST includes deemed supplies that is supply without consideration. Such supplies include all of the following except one. Mark the correct answer: -
A. Permanent transfer or disposal of assets
B. Supply between distinct or related persons
C. Supply between principal and agent and Supply involving Import of Services
D. Supply involving export of goods and services
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What is applicability of GST?
A. Applicable all over India except Sikkim
B. Applicable all over India except Jammu and Kashmir
C. Applicable all over India
D. Applicable all over India except Nagaland
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6 ._____ supply means supply of goods or services within a single state or union-territory.
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Who will notify the rate of tax to be levied under CGST?
A. Central Government suo moto
B. State Government suo moto
D. Central Government as per the recommendations of the GST Council
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_____ means receivers of goods or services are liable to pay the GST instead of suppliers.
A. Forward Charge Mechanism
D. Reverse Charge Mechanism
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A supply of a package consisting of canned foods, sweets, chocolates, cakes, dry fruits, aerated drinks and fruit juices when supplied for a single price is
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Which among the following is not the type of tax which is directly imposed on the taxpayer and he/she pays the same directly to the government?