GST Objective Questions | MCQ Quiz for Practice

61. The turnover limit of Rs. 50 Lakh for composition scheme is not applicable to the state of

1. Himachal Pradesh
2. Uttarakhand
3. Assam
4. None of the above

62. One of the following states does not fall under special category given under Art. 279Aof the Constitution

1. Himachal Pradesh
2. Chhattisgarh
3. Uttarakhand
4. Jammu & Kashmir

63. What does the term person includes?

1. HUF
2. LLP
3. Individual
4. All of the above

64. Utilisation of integrated GST would be in which order?

1. IGST, CGST, SGST
2. CGST, SGST, IGST
3. IGST, SGST, CGST
4. SGST, IGST, CGST

65. How is Input Tax Credit on capital goods available?

1. in single installment
2. 10% every year
3. equally in five installment
4. none of the above

66. Input Tax Credit is available ……………………………..

1. in the course or furtherance of business
2. both a) and b)
3. on other than business expenditure
4. none of the above

67. An Associated Enterprise is mentioned in?

1. Income Tax Act, 1961
2. State GST Law, 2017
3. Central GST Law, 2017
4. Companies Act, 2013

68. Money means:

1. Indian legal tender
2. Foreign currency
3. Cheque/ Promissory note
4. all of the above

69. Agriculturist

1. Individual or HUF
2. Partnership
3. Individual and HUF
4. All the above

70. Who is an agriculturist?

1. Individual or HUF
2. Partnership
3. Individual and HUF
4. All of the above

71. What is IGST?

1. Integrated Goods and Service Tax
2. Indian Goods and Service Tax
3. Initial Goods and Service Tax
4. None of these

72. IGST is payable when the supply is ………………

1. Interstate
2. Intra- UT
3. Intra-state
4. All of the above

73. Input tax credit on compensation cess paid under GST (Compensation to States) Act, 2017

1. is not available
2. is available but not fully
3. is available
4. is available after one year

74. Which of the following true in respect of Goods and Service Tax

1. It is destination based tax
2. It is levied on supply of goods or services
3. it is a consumption tax
4. All of the above

75. The following tax will not be subsumed into GST:

1. Luxury Tax
2. Electricity duty
3. entertainment tax
4. value added tax