S.Y.

Bvoc (Accounting & Taxation) A

N
Semester-IV
S
BAT 407 : INTRODUCTION TO GST
Time – 1.5hrs Marks-60
1) What is the full form of GST? B
A) Goods and Supply Tax B) Goods and Services Tax
C) General Sales Tax D) Government Sales Tax
2) GST was implemented in India from ? D
A) 1st January 2017 B) 1st April 2017
C) 1st March 2017 D) 1st July 2017
3) In India, the GST is based on the dual model GST adopted in: B
A) UK B) Canada C) USA D) Japan
4) GST is a consumption of goods and service tax based on D
A) Development B) Dividend C) Destiny D) Destination
5) The number of structures in India’s GST model is? B
A) 6 B) 4 C) 3 D) 5
6) The maximum rate for CGST is? D
A) 28 B) 12 C) 18 D) 20
7) GST rates applicable on goods and services are: C
A) 0% 5% 12% 18% 26%
B) 0% 6% 12% 18% 28%
C) 0% 5% 12% 18% 28%
D) 0% 5% 12% 16% 28%
8) Taxes that are levied on any Intra-State purchase are? B
A) IGST B) CGST and SGST C) SGST D) SGST
9) What does “I” in IGST stands stand for? B
A) Internal B) Integrated C) Internal D) Intra

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10) IGST is payable when the supply is --- A
A) Interstate B) Intra- UT C) Intra-state D) All of the above
11) Zero rated supply includes supplies made C
A) By SEZ unit in India B) Both (a) & (b) above
C) To SEZ unit in India D) None of the above
12) Which code is used to classify goods and services under GST? B
A) HSN Code B) SAC/HSN Code
C) GST Code D) SAC Code
13) Input tax credit of CGST can be utilised for the following? C
A) For the payment of penalties
B) For the payment of interest
C) For payment of IGST
D) For payment of SGST
14) In GST, both Central and State Governments have simultaneous power to A
levy GST on:
A) Intra-State Supplies only
B) Inter-State Supply only
C) Import
D) Both Intra-State and Inter-State Supply
15) Which one of the following is not a composite supply: B
A) Supply of an air conditioner along with freight, insurance and installation
B) Supply of UPS along with external battery
C) Supply of architect services along with supply of material incidental to his
services
D) Supply of lodging service by a hotel including breakfast

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16) Which of the following is included while computing the value of supply of D
goods under GST?
A) Price of the goods
B) Packing charges of the goods
C) Tax levied by Municipal Authority on sale of the goods
D) All of the above
17) M/s ABC Ltd is filing his GSTR-3B for the month of August 2018. His total B
credit balance of inputs and total tax liability payable is given in the table
below. He needs your guidance to understand the utilization of credit. Guide
him with the rules towards credit utilization of IGST, CGST, SGST and cash
Payable towards tax liability.
Tax Total Credit Balance Total Tax liability payable
IGST 80,000 90,000
CGST 87,000 85,000
SGST 75,000 77,000
TOTAL 2,42,000 2,52,000
A) IGST payable – 10,000, CGST Payable – 0, SGST payable – 2,000
B) IGST payable – 8,000, CGST Payable – 0, SGST payable – 2,000
C) IGST payable – 0, CGST Payable – 2000, SGST payable – 2,000
D) IGST payable – 10,000, CGST Payable – 1,000, SGST payable – 1,000
18) Aggregate turnover includes: D
A) Taxable supplies of goods or service or both
B) Exempt supplies of goods
C) Exports
D) All of the above

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19) SAC code stand for A
A) Services Accounting Code.
B) Software Accounting Code
C) System Accounting Code
D) Service Application Code
20) Which of the following tax will be abolished by the GST? A
A) Service Tax B) Corporation tax
C) Income Tax D) Wealth Tax
21) Which of the following tax rate is not applicable under the GST? D
A) 5 B) 12 C) 18 D) 25
22) GST will be levied on……………….. D
A) Manufacturers B) Retailers C) Consumers D) All of the above
23) Which of the following good will not be covered under the GST bill? D
A) Cooking gas B) Liquor C) Petrol D) All of the above
24) A special purpose vehicle _______ has been launched to cater the needs of GST. D
A) GSTS B) GSTR C) GSTM D) GSTN
25) The tax IGST charged by _______ Government. A
A) Central B) State C) Concerned department D) Both A and B
26) Creation of the GST Council as per Article _________ of the amended D
Constitution;
A) 286A B) 255A C)266A D) 279A
27) GST exemption threshold limit of North Eastern States is ______ lakh. B
A) 5 B) 10 C) 12 D) 15
28) Coal comes under which GST rate Structure? B
A) 0% B) 5% C)12% D)18%
29) The highest rate of tax prescribed under IGST is ________. D
A) 5% B) 12% C)18% D) 28%

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30) What kind of Tax is GST? B
A) Direct Tax
B) Indirect Tax
C) Depends on the type of goods and services
D)None of the above
31) Types of GST Registration D
A)Compulsory Registration B)Voluntary Registration
C)Registration under Composition Scheme D) All of the above
32) Can Input tax credit standing in the Electronic credit ledger be utilized for payment B
of tax under Reverse Charge Mechanism?
A)Yes B)No C) NA D) May be
33) In case of reverse charge who is liable to pay tax? B
A)Supplier B)Recipient C)Both(A)&B) D)None
34) When does the liability to pay GST arise in case of supply of goods? B
A) On raising of invoice
B) At the time of supply of goods
C) On receipt of payment
D) Earliest of a ,b or c
35) What are the supplies on which reverse charge mechanism would apply? C
A) Notified categories of goods or services or both
B) Inward supply of goods or services or both from an unregistered dealer
C) Both of the above
D) None of the above

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36) What is time of supply of goods under CGST Act, 2017? D
A) Date of issue of invoice Time and Value of Supply 23 Indirect Taxes
Committee
B) Date of receipt of consideration by the supplier
C) Date of dispatch of goods
D) Earlier of (a) & (b)
37) Is there any maximum rate prescribed under UTGST? B
A) 14%
B) 20%
C) 28%
D) 30%
38) What are the factors differentiating Composite Supply & Mixed Supply CGST Act C
2017?
A) Nature of bundling i.e. artificial or natural
B) Existence of Principal Supply
C) Both of the above
D) None of the above
39) Types of e-Ledgers on the GST Portal D
A)Electronic liability ledger
B)Electronic credit ledger
C)Electronic cash ledge
D)All of the above
40) Using the challan, the taxpayer can make payment through D
A) Internet banking (authorised banks only)
B) Credit or debit card (authorised banks only)
C) NEFT or RTGS (any bank) Over-the-counter
D) All of the above

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41) What is the threshold limit of turnover in the preceding financial year for opting to C
pay tax under composition scheme?
A) Rs.20 lacs
B) Rs.10 lacs
C) Rs.50 lacs
D) None of the above
42) What is the rate applicable under CGST to a registered person being a B
manufacturer opting to pay taxes under composition scheme?
A) 2.5%
B) 1%
C) 0%
D) No composition for manufacturer
43) What is the rate applicable under CGST to a registered person being a hotelier C
opting to pay taxes under composition scheme?
A) 1%
B) 0.5%
C) 2.5%
D) None of the above
44) Can a registered person opt for composition scheme only for one out of his 3 B
business verticals having same Permanent Account Number?
A) Yes
B) No
C) Yes, subject to prior approval of the Central Government
D) Yes, subject to prior approval of the concerned State Government
45) Exempt supplies under Section 17 (apportionment of credit) includes C
A) Only exempted supplies
B) Reverse charge supplies and sale of land
C) Exempted supplies, reverse charge supplies, Transaction in securities, sale of
land, sale of building
D) None of the above

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46) Can a registered person under Composition Scheme claim input tax credit? B
A) Yes
B) No
C) Input tax credit on inward supply of goods only can be claimed
D) Input tax credit on inward supply of services only can be claimed
47) Which of the following will be excluded from the computation of ‘aggregate D
turnover’?
A) Value of Taxable supplies
B) Value of Exempt Supplies
C) Non-taxable supplies
D) Value of inward supplies on which tax is paid on reverse charge basis
48) In case of Voluntary registration input tax credit can be availed B
A) On stocks held on the day immediately preceding the date from which he
becomes liable to pay tax under the provisions of this Act
B) On stocks held on the day immediately preceding the date of grant of
registration under the provisions of this Act.
C) On stocks held on the day immediately preceding the date of application of
registration under the provisions of this Act.
D) None of the above
49) Who is called a Deemed Supplier of Services? B
A) Job Worker
B) ISD
C) Agent
D) Sister Concern
50) Which of the following taxes will be levied on Imports? B
A) CGST
B) IGST
C) SGST
D) Exempt

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51) Can the unutilized input tax credit be transferred in case of change in constitution C
of business?
A) Not possible
B) No, it will be exhausted
C) Yes, It will be transferred only if there is provision for transfer of liabilities
D) It will be transferred only if it is shown in books of Accounts of transferor
52) Where the application for grant of registration has been approved, a certificate of A
registration in _____shall be made available to the applicant on the____
A) FORM GST REG-06, Common Portal
B) FORM GST CER-06, Common Portal
C) FORM GST CER-06, Jurisdictional office
D) FORM GST REG-10, Company portal
53) When can a voluntarily registered person’s registration be cancelled? D
A) If the person does not start business within six months from the date of
registration.
B) Business has been discontinued or transferred for any reason.
C) Non-filing of returns for a continuous period of six months or for three
consecutive tax period in case of composite dealer.
D) All of the above
54) Does cancellation of registration under CGST affect the liability under D
SGST/IGST for period prior to cancellation of registration?
A) Cancellation of registration will immune his liability under CGST only.
B) Cancellation of registration will immune his liability under IGST only.
C) Cancellation of registration will immune his liability under SGST and CGST
but not under IGST.
D) Cancellation does not affect the liability of taxable person to pay tax and other
dues under CGST/SGST/IGST Act.

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55) How a person can submit the application for registration? B
A) Filing FORM GST REG-01 along with necessary documents with the
jurisdictional proper officer.
B) Filing FORM GST REG-01 electronically in the common portal and uploading
the required documents along with the application.
C) Uploading necessary documents electronically in the common portal and also
submitting manually to the jurisdictional proper officer.
D) None of the above
56) A bill of supply can be issued in case of inter-State and intra-State: A
A) Exempted supplies;
B) Supplies by composition suppliers;
C) Supplies to unregistered persons;
D) None of the above.
57) Persons who are required to obtain compulsory registration are D
A) The person engaged in the inter-state taxable supply of goods or services or
both;
B) A casual taxable person engaged in taxable supply
C) Persons liable to pay tax under reverse charge mechanism
D) All of the above
58) Which is not type registration under GST D
A) Compulsory Registration
B) Voluntary Registration
C) Registration under Composition Scheme
D) None
59) Special Category States Under GST A
A)Manipur B) Gujarat C) Maharashtra D)MP
60) Types of return under GST D
A) GSTR1 B) GSTR3B
B) GSTR4/CMP08 D) All of the above

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