Question 1

Works of contract in GST is ______________.

Accepted Answer

A)  Supply of goods
B)  Supply of Service
C)  Supply of both
D)  Neither supply of goods nor supply of servicesE) B) and C)
F) A) and D)

Question 2

Which one of the following shall not be treated as supply?

Accepted Answer

A)  Rental
B)  Lease
C)  Actionable Claim
D)  LicenseE) None of the above
F) B) and C)

Question 3

What does these term refere to:
-Consideration ____________.

Accepted Answer

A)  2(75)  of CGST Act
B)  2(105)  of CGST Act
C)  2(56)  of CGST Act
D)  2(31)  of CGST ActE) B) and C)
F) All of the above

Question 4

Input means any goods other than _________goods.

Accepted Answer

A)  Capital
B)  Consumables
C)  Consumer
D)  IntangibleE) A) and C)
F) A) and B) A

Question 5

Minimum rate of tax under consumption levy for restaurant services _______

Accepted Answer

A)  1%
B)  2%
C)  4%
D)  5%E) B) and D)
F) A) and B)

Question 6

Input means _________

Accepted Answer

A)  Any goods of Excluding capital goods
B)  Any goods including capital goods
C)  Capital Goods only
D)  Capital goods used for the furtherance of the business.E) None of the above
F) B) and C)

Question 7

Time period within which invoice has to be issued in case of movable gods ____________

Accepted Answer

A)  Before or at the time of removal of goods
B)  On or rather delivery of good
C)  After removal of goods
D)  NoneE) A) and B)
F) None of the above

Question 8

Compute time of supply (in case of supply of toothpaste)  when its removal on 25/12/2017, date of invoice 31/12/2017, date of payment 01/01/2019____________

Accepted Answer

A)  25/12/2019
B)  31/12/2018
C)  01/01/2020
D)  25/02/2019E) All of the above
F) C) and D)

Question 9

Rate of IGST on Motor Car is _____________.

Accepted Answer

A)  5%
B)  12%
C)  18%
D)  28%E) A) and B)
F) A) and D)

Question 10

Which of the following tax rate is not applicable under the GST?

Accepted Answer

A)  5
B)  12
C)  28
D)  25E) All of the above
F) None of the above

Question 11

Ayurvedic products comes under which rate structure?

Accepted Answer

A)  12 %
B)  Nil
C)  5%
D)  18%E) None of the above
F) C) and D)

Question 12

What does these term refere to:
-Recipient _______________.

Accepted Answer

A)  2(93)  of CGST Act
B)  2(17)  of CGST Act
C)  2(107)  of CGST Act
D)  2(52)  CGST ActE) B) and D)
F) C) and D)

Question 13

Mr. A is supplier opted composition scheme when he is required to file his return in respect of supply of October 2017 to Dec 2017.

Accepted Answer

A)  10th January 2018
B)  15th January 2018
C)  18th January 2018
D)  20th January 2018E) A) and B)
F) None of the above

Question 14

Goods means every kind of _____ property.

Accepted Answer

A)  Movable
B)  Immovable
C)  Unmovable
D)  Movable & ImmovableE) A) and B)
F) All of the above

Question 15

Under GST, smart phones will be taxed at _____________ percent?

Accepted Answer

A)  5 %
B)  12%
C)  18%
D)  28%E) None of the above
F) A) and D)

Question 16

Dealers not eligible for opting composition scheme.

Accepted Answer

A)  Exporters
B)  Importers
C)  Interstate supplier of goods
D)  Manufacturing dealersE) B) and D)
F) A) and C)

Question 17

What does these term refere to:
-E Commerce Operators __________________

Accepted Answer

A)  2 (75)  of CGST Act
B)  2(102)  of CGST Act
C)  2(31)  of CGST Act
D)  2(45)  of CGST ActE) None of the above
F) C) and D) D

Question 18

Rate of composition got restaurant is ____________.

Accepted Answer

A)  5%
B)  12%
C)  18%
D)  28%E) A) and B)
F) None of the above A

Question 19

Rate of Tax on platinum CGST and SGST together ______________________.

Accepted Answer

A)  2. 5%
B)  3%
C)  18%
D)  28%E) All of the above
F) C) and D)

Question 20

On which one of the following items, GST will be levied?

Accepted Answer

A)  Aviation Fuel
B)  Natural Gas
C)  High Speed Diesel Oil
D)  Liquefied Petroleum GasE) All of the above
F) None of the above

Exam 5: GST Consideration, E-Commerce, and Tax Rates

Works of contract in GST is ______________.

Correct AnswerverifiedShow Answer

Which one of the following shall not be treated as supply?

Correct AnswerverifiedShow Answer

What does these term refere to: -Consideration ____________.

Correct AnswerverifiedShow Answer

Input means any goods other than _________goods.

Correct AnswerverifiedA

Minimum rate of tax under consumption levy for restaurant services _______

Correct AnswerverifiedShow Answer

Input means _________

Correct AnswerverifiedShow Answer

Time period within which invoice has to be issued in case of movable gods ____________

Correct AnswerverifiedShow Answer

Compute time of supply (in case of supply of toothpaste) when its removal on 25/12/2017, date of invoice 31/12/2017, date of payment 01/01/2019____________

Correct AnswerverifiedShow Answer

Rate of IGST on Motor Car is _____________.

Correct AnswerverifiedShow Answer

Which of the following tax rate is not applicable under the GST?

Correct AnswerverifiedShow Answer

Ayurvedic products comes under which rate structure?

Correct AnswerverifiedShow Answer

What does these term refere to: -Recipient _______________.

Correct AnswerverifiedShow Answer

Mr. A is supplier opted composition scheme when he is required to file his return in respect of supply of October 2017 to Dec 2017.

Correct AnswerverifiedShow Answer

Goods means every kind of _____ property.

Correct AnswerverifiedShow Answer

Under GST, smart phones will be taxed at _____________ percent?

Correct AnswerverifiedShow Answer

Dealers not eligible for opting composition scheme.

Correct AnswerverifiedShow Answer

What does these term refere to: -E Commerce Operators __________________

Correct AnswerverifiedD

Rate of composition got restaurant is ____________.

Correct AnswerverifiedA

Rate of Tax on platinum CGST and SGST together ______________________.

Correct AnswerverifiedShow Answer

On which one of the following items, GST will be levied?

Correct AnswerverifiedShow Answer

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