Related Questions
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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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Article _____ states that no tax shall be levied or collected except by authority of law.
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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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In the case of reverse charge, tax is paid to the government by
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Goods which get input tax credit without being liable to collect output tax is called
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It is possible to shift the burden of taxation in the case of_____.
D. Indirect Tax such as GST
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_____ of services, mean the supply of any service where the supplier of service is located outside India, the recipient/receiver of service is in India and the place of service is in India.
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_____ Supply means a supply made by a taxable person to a recipient which comprises of two or more taxable supplies of goods or services or both, or any combination thereof that are naturally bundled and supplied in conjunction with each other in the ordinary course of business, one of which is a principal supply.
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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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GST is a _____ based tax.
A. Consumption/Destination
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6 ._____ supply means supply of goods or services within a single state or union-territory.
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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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_____ in relation to supply of goods or services or both include any payment made or agreed to be made whether in money or otherwise (in kind) in respect of or in response to supply of goods or services or both.
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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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Article _____ grants power to centre to make laws with respect to GST in case of interstate supply of goods and services and state government to make laws with respect to GST in case of intra-state supply of goods and services.
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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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Under GST, which is the point of collection of taxes?
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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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__________ in relation to supply of goods or services under GST shall be in money or in kind or partly in money and partly in kind or monetary value of any act or forbearance of the supply.
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What is the nature of levy in the case of GST?
A. Only at supply point without input tax credit
B. All points of manufacture
C. Only at supply point/consumption of goods and services with input tax credit
D. At the time of transfer and rent
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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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4
Who is the chairperson of the GST Council?
C. Union Finance Minister
D. State Revenue Minister
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Under which type of tax is the taxation amount collected shared between the centre and the states?
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The imposition of direct taxes is on_____. while in the case of indirect taxes it is on __.
B. Income, Goods or Services
C. Goods or Services, Income
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Activities or transactions which are neither supply of goods nor supply of services that are covered under negative list are covered under Schedule _____ of the GST act.
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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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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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_____ 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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Which of the following tax rate is not applicable under the GST?