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GST MCQ Question with Answer

GST MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.

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Question No : 22
The system of charging tax on tax (also called as incidence of tax) is called as_____.

Input Tax Credit
Tax Compliance
Cascading Effect
Sales Tax

Question No : 23
_____ 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.

Consideration
Monetary payment
Manufacture
Sales

Question No : 24
_____ supply means supply of goods or services which is provided or agreed to be provided on continuous or recurring basis.

Exempt
Continuous
Intra-State Supply
Inter-State Supply

Question No : 25
__________ 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.

Consideration
Monetary payment
Manufacture
Sales

Question No : 26
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?

Income Tax
Corporate Tax
Wealth Tax
Goods and Service Tax

Question No : 27
It is possible to shift the burden of taxation in the case of_____.

Income Tax
Wealth Tax
Gift Tax
Indirect Tax such as GST

Question No : 28
Under GST, which is the point of collection of taxes?

Manufacture
Production
Destination of Supply
Origin of Sales

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
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Accounting set 12 30 Start