mock test in Concept of GST for preparing CA Inter, CA IPCC, CA Final, CS executive, CS professional, CMA Inter, CMA Final, GST practitioner exam, competitive exams.
Mock test in concept of gst
Time limit: 0
Quiz-summary
0 of 30 questions completed
Questions:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Information
Subject :- GST for CA Final
Chapter :- Levy of GST – Test 2
Questions :- 30
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
A Ltd. Holding entity made certain transfer of fixed asset on permanent basis to its subsidiary X Ltd. entity without any consideration. Does the same classify as a supply under GST?
Correct
Incorrect
Question 2 of 30
2. Question
1 points
ABC Ltd. provides certain services to Mr. Joy who holds 35% of the voting right in the company. The transfer made was without any consideration. Does the same qualify as supply?
Correct
Incorrect
Question 3 of 30
3. Question
1 points
Mr. Amar being a managing director of Alpha Project Pvt. Ltd. made gifts to his employees worth of INR 60,000 each for assisting in the architectural work of his house. Does the same be considered supply?
Correct
Incorrect
Question 4 of 30
4. Question
1 points
ABC Pvt. Ltd. makes certain supplies to Mr. X and Mr. Z. Both of them hold 51% of the voting rights in the company and exercise major stake in the decision making. Does the same supply stands
as related party transaction?
Correct
Incorrect
Question 5 of 30
5. Question
1 points
Supply of food or drink items in a restaurant as per CGST Act is —-
Correct
Incorrect
Question 6 of 30
6. Question
1 points
Mr. A, being a Director of ABC Pvt. Ltd. Is provided a car which he uses for his personal purpose. Does the same classify as supply? If yes under which group?
Correct
Incorrect
Question 7 of 30
7. Question
1 points
What shall be the proper classification of Renting of immovable property under supply?
Correct
Incorrect
Question 8 of 30
8. Question
1 points
ABC Ltd. offers a software to businesses for smooth processing of returns and accounts. Such software shall be considered as:
Correct
Incorrect
Question 9 of 30
9. Question
1 points
Temporary transfer or permitting use of intellectual right or property is classified as:
Correct
Incorrect
Question 10 of 30
10. Question
1 points
Ram has received a sum of ` 5,00,000 from his employer on premature termination of his contract of employment. The GST implication will be:
Correct
Incorrect
Question 11 of 30
11. Question
1 points
GST is payable on the services provided by the employee to the employer in the course of employment on:
Correct
Incorrect
Question 12 of 30
12. Question
1 points
Which of the following activity shall be treated neither as a supply of goods nor a supply of services?
(i) Permanent transfer of business assets where input
tax credit has been availed on such assets
(ii) temporary transfer of intellectual property right
(iii) transportation of deceased
(iv) services by an employee to the employer in the
course of employment
Correct
Incorrect
Question 13 of 30
13. Question
1 points
As per the CGST Act, 2017, the term “works contract” includes:
Correct
Incorrect
Question 14 of 30
14. Question
1 points
While repairing the factory shed, few goods were also supplied along with the labour service. Whether it is a :
Correct
Incorrect
Question 15 of 30
15. Question
1 points
What type of supply shall transfer of title in goods under works contract constitute?
Correct
Incorrect
Question 16 of 30
16. Question
1 points
Mr. A has sold his old furniture of the house. Does this constitute a supply?
Correct
Incorrect
Question 17 of 30
17. Question
1 points
Ajay let out his land for tenancy for a period of 3 years to Mohan. Such tenancy shall be classified as:
Correct
Incorrect
Question 18 of 30
18. Question
1 points
High sea sales are considered as supply under GST. True or False?
Correct
Incorrect
Question 19 of 30
19. Question
1 points
Michael Ltd. of US supplies certain goods to ABC Pvt. Ltd. of Mumbai. Before goods reach Mumbai port, it supplies those goods to XYZ Pvt. Ltd. by transfer of documents of title to goods. What kind of transaction is this?
Correct
Incorrect
Question 20 of 30
20. Question
1 points
Mr. X, supplied a laptop for ` 40,000 to Mr. Y along with a barter of printer, the value of which is ` 4,000 but the open market value of the laptop is not known. The GST liability will be:
Correct
Incorrect
Question 21 of 30
21. Question
1 points
Mr. A is a well-known singer. He receives a life-time achievement award which consist of a memento and a cheque of ` 10,00,000. It is:
Correct
Incorrect
Question 22 of 30
22. Question
1 points
Mr. Vishal has head office in pune and has branches in state of Gujarat, Goa, and Punjab. Mr. Vishal send goods to its branch Goa worth Rs.2,50,000 in a own conveyance. Value of conveyance Rs.15,00,000 and With the conveyance some tools and spares parts are also send worth Rs.50,000. Calculate total value of taxable supply on which GST is payable.
Correct
Incorrect
Question 23 of 30
23. Question
1 points
Mr. X is a dealer of new cars. He sells new cars for Rs.8,25,000 agrees to reduce Rs.1,25,000 on surrendering of old car. Mr. Y who intends to buy new car worth Rs.8,25,000 agreed to exchange his old car with new car. Under GST law, if Mr. X and Mr.Y is registered person, who will be liable to pay GST and what is the value.
Correct
Incorrect
Question 24 of 30
24. Question
1 points
There is a difference in taxability of goods forming part of composite supply and mixed supply. Here are few examples from which you need to identify which is correct example of composite supply and mixed supply.
i) Mr. A buys a car and purchases warranty and maintenance of the car by paying nominal amount. Car, warranty and maintenance here are a mixed supply.
ii) Mr. A buys a car and purchases warranty and maintenance of the car by paying nominal amount. Car, warranty and maintenance here are a composite supply.
iii) Mrs. A buys a microwave oven and some utensils for use in microwave oven. Both microwave oven and utensils are sold at a single price. Microwave oven and its utensils here are a mixed supply.
iv) Mrs. A buys chocolates, juices and biscuits from a shop. All items have different prices. Chocolates, juices and biscuits are a mixed supply. The correct examples of composite and mixed supply
Correct
Incorrect
Question 25 of 30
25. Question
1 points
What shall constitute main item under composite supply?
Correct
Incorrect
Question 26 of 30
26. Question
1 points
In composite supply, the principal supply is supply of goods whereas the ancillary supply is supply of services. Which provision shall apply in respect of time of supply?
Correct
Incorrect
Question 27 of 30
27. Question
1 points
M/s X Ltd. a dealer offer combo packs of shirt, watch, wallet, book and they are bundled as a kit and this kit is supplied for a single price as a mixed supply. Tax rate for shirt, watch, wallet and book are 12%, 18%, 5% and Nil respectively. The mixed supply will be taxed at:
Correct
Incorrect
Question 28 of 30
28. Question
1 points
What kind of supply is this transaction: Food supplied to the in – patients as advised by the doctor in the hospital.”
Correct
Incorrect
Question 29 of 30
29. Question
1 points
XYZ Pvt. Ltd. manufactures the jeans on order of ABC Pvt. Ltd. Further, after manufacturing, it also gets it delivered to ABC Ltd. & gets the in transit insurance done. What kind of supply is this?
Correct
Incorrect
Question 30 of 30
30. Question
1 points
Which of the following transactions does not qualify
as supply under GST law?
(I) When the Head Office makes a supply of services to its own branch outside the State.
(ii)When a person import services without
consideration for the purposes of his business from
his elder brother living outside India.
(iii) Disposal of car without consideration and where the
supplier has not claimed input tax credit on such
car.
(iv) When a principal makes supplies to his agent who is
also registered and is situated within the same
State.
Correct
Incorrect
concept of gst.concept of gst originated in which country,basic concept of gst,concept of gst in india,the concept of gst was originated from,concept of gst originated in which country,gst concept with example,bill to ship to concept under gst, concept of supply in gst, concept of supply under gst,gst overview and concepts