MCQ’s in Levy of GST for preparation of CA inter, CA IPCC, CA Final, CS, CMA , GST practitioner, Academic and competitive exams.
Mock test in Levy of GST
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Subject :- GST for CA Final
Chapter :- Levy of GST – Test 1
Questions :- 30
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Question 1 of 30
1. Question
1 pointsWhat is the taxable event under GST?
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Question 2 of 30
2. Question
1 pointswhat are different types of supply covered under scope of supply
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Question 3 of 30
3. Question
1 pointsOutput tax in relation to a taxable person under the CGST Act, 2017 includes
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Question 4 of 30
4. Question
1 pointsThe term “place of business” includes ———-
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Question 5 of 30
5. Question
1 pointswhich of the following activity is treated as supply in accordance with section 7 of CGST Act
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Question 6 of 30
6. Question
1 pointsAs per Section 2(47) of CGST Act, 2017, exempt supply includes the supply of following type of goods and services ————-
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Question 7 of 30
7. Question
1 pointsSupplier within the meaning of supply includes ————-
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Question 8 of 30
8. Question
1 pointsThe term ‘casual taxable person’ includes———
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Question 9 of 30
9. Question
1 pointsA person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India is ————-
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Question 10 of 30
10. Question
1 pointsWhich of the following is a non–taxable supply under the CGST Act, 2017:
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Question 11 of 30
11. Question
1 pointsAmit of Delhi is participating in Ayush Furniture Expo in Haryana where he has no fixed place of business and exhibiting his products. During the expo, the said products will be sold to the people attending and intending to purchase such products
including foreign buyer. In such scenario, Amit shall obtain which of the following registration under the CGST Act, 2017Correct
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Question 12 of 30
12. Question
1 points“Manufacture” means processing of raw material or inputs in any manner that results in emergence of ————
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Question 13 of 30
13. Question
1 points‘P’ Ltd. has its registered office under the Companies Act, 2013 in the State of Maharashtra. It also has a corporate office in the State of Telangana. What will be the place of business of ‘P’ Ltd. under the CGST Act, 2017?
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Question 14 of 30
14. Question
1 pointsAn exempt supply includes ————-
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Question 15 of 30
15. Question
1 pointsWhich among the following are zero rated supplies?
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Question 16 of 30
16. Question
1 pointsGoods under CGST Act excludes ———–
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Question 17 of 30
17. Question
1 pointsThe term ‘goods’, as defined under section 2(52) of the CGST Act, 2017, does not include
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Question 18 of 30
18. Question
1 pointsWhat is the statue of ‘money and securities’ under GST Law ?
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Question 19 of 30
19. Question
1 pointsWhat is the statue of ‘lottery as an actionable claim’ under GST law
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Question 20 of 30
20. Question
1 points“Services” means anything other than goods, money and securities includes
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Question 21 of 30
21. Question
1 pointsActivity of ‘supply of money’ by Bank to a businessentity on interest ———
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Question 22 of 30
22. Question
1 pointsActivity of ‘conversion of money/ foreign exchange’ by Bank/ Authorized Dealer to a business entity on interest
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Question 23 of 30
23. Question
1 pointsWhich of the following activities will be considered as a supply of service
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Question 24 of 30
24. Question
1 pointswhich of the following is not a business activity
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Question 25 of 30
25. Question
1 pointsWhen will the recipient and supplier be treated as related persons under GST?
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Question 26 of 30
26. Question
1 pointsMr. A has received technical consultancy services from IT Star Consultants, USA. The import of technical consultancy will not be liable to GST if ————-
(I) Mr. A pays some consideration for the services received
(ii) Mr. A pays some consideration for the services received and if Mr. A uses the said service for business purposes
(iii) Mr. A uses the said service for business purposes even though he does not pay any consideration for the same
(iv) Mr. A uses the said service for personal purposes and does not pay any consideration for the same and is also a partner in IT Star Consultants
(v) Mr. A uses the said service for business purposes and does not pay any consideration for the same and is also a partner in IT Star Consultants
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Question 27 of 30
27. Question
1 pointsA Ltd. (GST registered in Delhi) has appointed Mr C (UP) to act as his agent and supply goods on his behalf to buyers in UP. A Ltd. has dispatched first lot of 10,000 units to Mr C (UP) for sales to buyers in UP. Such dispatch to Mr C (UP) :
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Question 28 of 30
28. Question
1 pointsA Ltd. (GST registered in Delhi) appointed Mr C (UP) to act as his agent and supply goods on his behalf to buyers in UP. A Ltd. dispatched first lot of 10,000 units to Mr C (UP) for sales to buyers in UP paying IGST on such dispatch supply. These GST paid goods were subsequently sold by Mr C (UP)- the agent. He issued his invoice to the buyer too. Such subsequent sale to buyer —————
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Question 29 of 30
29. Question
1 pointsSmart pvt ltd has head office located in Bangalore (Karnataka). However, the branch of Smart pvt ltd is located in state of Gujarat. Will be treated as ——————- under GST Act?
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Question 30 of 30
30. Question
1 pointsIn which of the following cases, import of services is taxable under GST?
(1) Import of service with consideration in course or
furtherance of business.
(2) Import of service with consideration not in course or
furtherance of business.
(3) Import of service without consideration from a related person in course or furtherance of business.
(4) Import of service without consideration from a related person not in course or furtherance of business.Correct
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GST is levied on supply of all goods or services or both.
Exception :- supply of alcoholic liquor for human consumption.
petroleum products
Five petroleum products viz. petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel have temporarily been kept out GST.
Electricity
Electricity has also been kept out of GST
dual in nature
Structure provided under GST is dual in nature.
the Centre and the States simultaneously levy tax on a common base.
Types of GST
types of GST are CGST, IGST, SGST or UTGST.
CGST :- GST levied by Centre on intra-State supply of goods and / or services is called Central GST (CGST).
SGST :- GST levied by States on intra-State supply of goods and / or services is called State GST
UTGST :- GST levied by Union territory on intra-State supply of goods and / or services is called Union territory GST
IGST :- IGST is levied and administered by Centre on every inter-state supply of goods and services.