Related Questions
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_____ includes all forms of supply such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business.
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4
RK(Delhi) supplies goods to XY in Mumbai. 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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4
What kind of Tax is GST?
C. Depends on the type of goods and services
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_____ is a constitutional body created by the President to make recommendations or give any suggestions to the union and state government on issues related to goods and service tax.
C. GST Board of Directors
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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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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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4
Who is the chairperson of the GST Council?
C. Union Finance Minister
D. State Revenue Minister
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Under GST, which is the point of collection of taxes?
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6 ._____ supply means supply of goods or services within a single state or union-territory.
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Article _____ states that no tax shall be levied or collected except by authority of law.
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4
First discussion paper (FDP) which formed the basis for GST in 2009 was released by
A. Union Finance Ministry
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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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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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Uniform rate of taxes are applicable in the case of _____.
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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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Goods are packed and transported with insurance, packing materials, transport and insurance. This is a case of
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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?
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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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4
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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Under which type of tax is the taxation amount collected shared between the centre and the states?
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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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_____ 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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4
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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GST is a _____ based tax.
A. Consumption/Destination
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Transactions between headquarters and branches of an establishment and stock transfers and branch transfers are known as transactions between _____... persons.
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Supply of goods or services which constitutes the predominant element of a composite supply is called
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Which among the following is not the function of Goods and service tax councils:
A. Establish a mechanism for dispute resolution
B. Make recommendations related to GST
C. Make any suggestions related to GST
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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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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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4
GST is a ____________ based tax on consumption of goods and services.