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Table of Contents 1.3 Levy and Collection (Taxable event) MCQ |
1.1 GST MCQ Introduction
1.When was Goods
and Services Tax introduced:
A. 1st July, 2017
B. 2nd July, 2017
C. 3rd July, 2017
D. 4th July, 2017
Answer: A) 1st July, 2017
2.Goods and
Services Tax comes under the:
A. Direct Tax
B. Indirect Tax
C. Both A and B
D. None of the above
Answer: B) Indirect Tax
3.Authority to
levy and collect taxes in India is given to the Central and State Government by
A. Article 246 of Constitution of India
B. Article 265 of Constitution of India
C. Article 269 of Constitution of India
D. Article 279A of Constitution of India
Answer: B) Article 265 of Constitution of India
4. The exclusive right to make laws for matters containing in List-I of
Schedule VII of the Constitution of India has been given to
A. State Governments
B. Central Government
C. Both Centre and State Governments
D. None of the above
Answer: B) Central Government
A. State Government
B. Central Government
C. Both Centre and State Governments
D. None of the above
Answer: A) State Government
6. The exclusive right to make laws for matters containing in List-III
of Schedule VII of the Constitution of India has been given to
A. State Government
B. Central Government
C. Both Centre and State Governments
D. None of the above
Answer: C) Both
Centre and State Governments
7.Power to make laws with respect to goods and services tax has been
given by the Constitution vide
A. Article 279A
B. Article 246A
C. Article 246
D. Article 366
Answer: B) Article 246A
8.Which of the
following taxes has been subsumed in GST?
A. Central Sales Tax
B. Central Excise Duty and Services Tax
C. VAT
D. All of the above
Answer: D) All of the above
A. Alcohol liquor for human consumption
B. Tobacco
C. Legal services
D. All of the above
Answer: A) Alcohol liquor for human consumption
10.GST on
Petroleum Crude, High Speed Diesel, Motor Spirit (commonly known as Petrol),
Natural Gas and Aviation Turbine Fuel:
A. is not levied at all
B. is levied, but exempt
C. will be levied from a date to be notified on the
recommendations of the GST Council
D. will be levied from 01.04.2019
Answer: C) will be levied from a date to be notified
on the recommendations of the GST Council
11.The Goods and Services Tax Council shall, besides other
recommendations, make recommendations to the Union and the States on-
A. the goods and services that may be subjected to, or
exempted from the goods and services tax
B. the threshold limit of turnover below which goods and
services may be exempt from goods and services tax
C. the rates including floor rates with bands of goods
and services tax
D. All the above
Answer: D) All the above
12.Which article of the Constitution empowered the President to
Constitute Good and Services Tax Council?
A. 270
B. 246A
C. 279A
D. 269A
Answer: C) 279A
13.Who shall be empowered to levy and collect GST on supplies in the course of Inter-State trade or commerce?
A. Government of India
B. State Government
C. Union Territories
D. All the above
Answer: A) Government of India
14. Central
Taxes subsumed in GST:
A. Central excise duty
B. Goods of special importance
C. Excise duty under the medicinal and toiletries
preparation
D. All the above
Answer: D) All the above
15.State Taxes
subsumed in GST:
A. State VAT and Central Sales Tax
B. Entertainment and Amusement Tax
C. Luxury Tax and Advertisement Tax
D. Octroi and Entry Tax
E. All of the above
Answer: E) All of the above
16.Central Taxes
not subsumed into GST:
Basic custom duty and export duty
Research and development
Anti-dumping and Safeguard duty
All of the above
Answer: D) All of the above
17.State Taxes not subsumed into GST except:
A. State cess and surcharges
B. State excise duty and stamp duty
C. Profession tax
D. Motor vehicle tax
Answer: A) State cess and surcharges
18.The meaning
of “Goods and Services Tax” comes under the article:
A. Article 364(12A)
B. Article 365(12A)
C. Article 366(12A)
D. Article 367(12B)
Answer: C) Article 366(12A)
19.Who is liable
to pay GST under the proposed GST regime?
A. Tax is payable by the taxable person on the supply of
goods and/services
B. Tax is payable by the taxable person on the supply of
goods only
C. Tax is payable by the taxable person on the supply of
services only
D. None of the above
Answer: A) Tax is payable by the taxable person on the supply of goods and/services
Very helpful MCQ🙂
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