This quiz works best with JavaScript enabled. Home > Taxation > Goods And Services Tax > Goods And Services Tax – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Goods And Services Tax Quiz 2 (15 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. GST included CGST A) True. B) False. Show Answer Correct Answer: A) True. 2. Supply includes: A) Supply of goods. B) Supply of goods or/& Services both. C) Supply of Services. D) None of above. Show Answer Correct Answer: B) Supply of goods or/& Services both. 3. GST is ..... ? A) Indirect Tax. B) Direct Tax. C) Both direct and indirect tax. D) Neither direct nor indirect tax. Show Answer Correct Answer: A) Indirect Tax. 4. What is the maximum rate prescribed under CGST Act? A) 12%. B) 28%. C) 20%. D) 18%. Show Answer Correct Answer: C) 20%. 5. The tax which was not merged into GST A) Countervailing Duty. B) Excise duty. C) Basic Customs Duty. D) Purchase tax. Show Answer Correct Answer: C) Basic Customs Duty. 6. Mr. Suraj of Daman and Dieu (Union Territory) sold goods to Mr. Hemant of Chandigarh (Union Territory). Which type of tax will be levied. Select correct one. A) IGST. B) CGST+UTGST. C) IGST+UTGST. D) None of above. Show Answer Correct Answer: A) IGST. 7. In which year Goods and Services Tax was enacted and implemented in India? A) 2011. B) 2015. C) 2017. D) 2018. Show Answer Correct Answer: C) 2017. 8. IGST is imposed on A) Intra-state transaction. B) Inter-state transactions. Show Answer Correct Answer: B) Inter-state transactions. 9. Which authority regulate indirect taxes in India? A) CBDT. B) SEBI. C) CBI. D) CBIC. Show Answer Correct Answer: D) CBIC. 10. Mr. Richard, a trader in Delhi has opted for composition scheme of taxation under GST. Determine the rate of total GST payable by him under composition scheme: A) 0.5% CGST & 0.5% SGST. B) 2.5% CGST & 2.5% UTGST. C) 5% IGST. D) 5% OUTPUT. Show Answer Correct Answer: A) 0.5% CGST & 0.5% SGST. 11. Goods and Services Tax has been conferred by Article 246A of the Constitution by making ..... amendment in the Constitution. A) 99. B) 100. C) 101. D) 102. Show Answer Correct Answer: C) 101. 12. Tax whose burden can be shifted to others A) Direct Tax. B) Indirect Tax. C) Both. D) None of them. Show Answer Correct Answer: B) Indirect Tax. 13. Ms. Gaurisha (Karol Bagh, Delhi) sold goods to Mr. Raj (Saket, Delhi). Which type of GST to be levied while drawing invoice. Select Correct One. A) CGST+SGST. B) CGST+IGST. C) IGST+SGST. D) IGST+UTGST. Show Answer Correct Answer: A) CGST+SGST. 14. Goods and Services Tax in India falls in which List of the Seventh Schedule of the India's Constitution? A) Central List. B) State List. C) Concurrent List. D) None of above. Show Answer Correct Answer: A) Central List. 15. A person having ..... business verticals in a State ..... obtain a separate registration for each business vertical. A) Single, shall. B) Multiple, shall. C) Multiple, may. D) Single, May. Show Answer Correct Answer: C) Multiple, may. ← PreviousRelated QuizzesTaxation QuizzesGoods And Services Tax Quiz 1 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books