1) The Taxable Event under GST Regime shall be _______________:

a) Sale of Goods and/or Supply of Services

b) Sale of Goods &/or Services
c) Supply of Goods and/or Services
d) All of above
2) Every Registered taxable person (Except Composition Scheme) shall have to file return_________:
a) Quarterly
b) Half Yearly
c) Monthly
d) Annually
3) Every taxable person option for Composition Scheme shall have to file return ___________:
a) Quarterly
b) Half Yearly
c) Monthly
d) Annually
4) Every Registered taxable person (Except Composition Scheme) has to file return within __________Days:
a) 15 days
b) 20 days
c) 30 days
d) 45 days
5) Every taxable person option for Composition Scheme shall have to file return within ______days:
a) 15 days
b) 20 days
c) 18 days
d) 16 days
6) Every Taxable person registered as Input Service Distributor has to file return within _____Days:
a) 15 days
b) 13 days
c) 18 days
d) 16 days
7) Every Registered Taxable Person has to furnish an annual return every financial year on or before______following
the end of such financial year.
a) 31st July
b) 30th September
c) 31st December
d) 30th November
8) A supplier has to get registered under GST if his aggregate turnover in a financial year exceeds______except north
eastern states.
a) 4 Lacs
b) 9 Lacs
c) 14 Lacs
d) 1 Lac
9) A supplier of North Eastern State including Sikkim has to get registered under GST if his aggregate turnover in a
financial year exceeds ______.
a) 4 Lacs
b) 9 Lacs
c) 14 Lacs
d) 1 Lac
10)_________________will govern levy of GST on interstate supplies by the Central Government:
a) Central/State Goods & Service Tax Act, 2016
b) Integrated GST (IGST) Act, 2016
c) Both of above
d) None of above
11)GST might become applicable from____________:
a) 1st June 2017
b) 1st April 2017
c) 1st July 2017
d) 1st April 2018
12)On Inter State Supplies of Goods & Services, ________Shall be levied:
a) CGST
b) SGST
c) IGST
d) All of above
13)On Intra State Supplies of Goods & Services, _______Shall be levied:
a) CGST & SGST
b) CGST & IGST
c) SGST & IGST
d) Only SGST
14)A registered taxable person shall be eligible for composition scheme if aggregate turnover does not exceed_____:
a) 10 Lacs
b) 20 Lacs
c) 50 Lacs
d) 150 Lacs
15)A person is liable to pay tax under GST if his aggregate turnover in a financial year exceeds ____.
a) 5 Lacs
b) 10 Lacs
c) 9 Lacs
d) 50 Lacs
16)A person conducting business in north eastern states including sikkim is liable to pay tax under GST if his aggregate
turnover in a financial year exceeds ____.
a) 5 Lacs
b) 10 Lacs
c) 9 Lacs
d) 50 Lacs
17)A supplier has to get registered in the state from where the goods and/ or services are_____:
a) Provided
b) Supplied
c) Rendered
d) Arranged
18)Any person claiming refund of any tax and interest may make an application before the expiry of ___:
a) 1 Year
b) 2 Years
c) 3 Years
d) 60 Days
19)Input tax credit of IGST is available from___________:
a) IGST
b) CGST
c) SGST
d) All of above
20)Input tax credit of CGST is available from_______:
a) CGST
b) IGST
c) SGST
d) A & B
21)Input tax credit of SGST is available from_______:
a) SGST
b) IGST
c) CGST
d) A & B
22)Input Tax Credit of CGST is not available from______:
a) SGST
b) CGST
c) IGST
d) All of above
23)The Central government or State Government may mandate certain Department, Local Authority, Government
Agencies, to deduct tax at the rate of ______on notified goods and/ or services:
a) 5%
b) 10%
c) 1%
d) 2%
24)The Central government or State Government may mandate certain Department, Local Authority, Government
Agencies, to deduct tax at the rate of ______on notified goods and/ or services where the total value of supply
exceeds_______:
a) 5%, 5 Lacs
b) 1%, 10 Lacs
c) 1%, 5 Lacs
d) 2%, 10 Lacs
25)Every registered taxable person who applies for cancellation of registration have to furnish a final return within
______ Months from date of cancellation or date of cancellation order, whichever is later.
a) 1 month
b) 2 Months
c) 3 Months
d) 6 Months
26)Every deposit towards tax, interest, penalty, fee or any other amount by a taxable person shall be made by:
a) Internet Banking
b) Debit/ Credit Cards
c) RTGS/NEFT
d) Any of above
27)Which of the following is a method of valuation of goods and/or services under GST Law:
a) Transaction Value Method
b) Comparison Method
c) Computed Value Method
d) All of above
28)Which of the following has to register under GST Law mandatorily without any exemption Limit:
a) Service Provider
b) Persons under Reverse Charge
c) Person Making Inter State Supply
d) B & C Both
29)The Central Government, State Government or Local Authority shall be regarded as _______under GST:
a) Taxable Person
b) Non Taxable Person
c) Taxable person only in transaction in which they are engaged as public authorities
d) Taxable person only in transaction in which they are engaged as public authorities except
transaction specified in Schedule IV of GST Act, 2016
30)Draft Model GST Law has _____Clauses:
a) 182
b) 162
c) 152
d) 202
31) Draft Model IGST Law has _____Clauses:
a) 33
b) 23
c) 44
d) 13
32) _____Petroleum products have been temporarily been kept out of GST.
(a) One
(b) Two
(c) Three
(d) Five
33) In India, GST structure is _________in Nature.
(a) Single
(b) Dual
(c) Triple
(d) A & B both
34) Currently, which of the following countries follow dual GST Model:
(a) Brazil
(b) Canada
(c) Both a & b
(d) None of above
35)GST was first levied by ____________:
(a) USA
(b) England
(c) India
(d) France
36) GST was first levied by France in _________:
(a) 1947
(b) 1954
(c) 1950
(d) 1999
37)______________is the most recent country to implement GST.
(a) Pakistan
(b) India
(c) Malaysia
(d) Singapore
38)GST is technically paid by ______________but it is actually funded by __________:
(a) Consumers, Suppliers
(b) Suppliers, Consumers
(c) Consumers, Consumers
(d) Suppliers, Suppliers
39)Under GST Implementation, _____bills were passed by Parliament.
(a) One
(b) Two
(c) Three
(d) Four
40)_______________is the main decision making body that has been formed to finalize the design of GST:
(a) GST Committee
(b) Parliament
(c) GST Council
(d) Empowered Committee
41)______________is not included in the term “Goods” under GST Law:
(a) Movable Property
(b) Actionable Claim
(c) Securities
(d) Growing Crops
42)Which of the following is not covered under the term “Goods” under GST:
(a) Money
(b) Actionable Claim
(c) Securities
(d) Both a & c
43)GST is not levied on which of the following:
(a) Alcoholic Liquor for Human Consumption
(b) Five Petroleum Products
(c) Electricity
(d) All of above
44)GST is not levied on which of the following:
(a) Motor Spirit
(b) High speed diesel
(c) Natural gas
(d) All of above
45)_______________is levied on Intra-State Supply of goods and/or Services:
(a) CGST
(b) SGST
(c) IGST
(d) Both a & b
46)___________is levied on Inter State Supply of Goods and/or Services:
(a) CGST
(b) SGST
(c) IGST
(d) Both a & b
47)___________is levied on Intra State Supply of Goods and/or Services in Union Territory:
(a) SGST
(b) IGST
(c) UTGST
(d) GST is not levied
48)Under GST regime, liability to pay tax arises when a person crosses the turnover of _______:
(a) 5 Lakhs
(b) 10 Lakhs
(c) 20 Lakhs
(d) 50 Lakhs
49)Under GST regime, liability to pay tax arises on person residing in North Eastern & Special Category States when
the turnover crosses:
(a) 5 Lakhs
(b) 10 Lakhs
(c) 20 lakhs
(d) 50 Lakhs
50)A Composition Scheme is designed for __________ taxpayers:
(a) Small
(b) Medium
(c) Large
(d) All of above