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Table of Contents 1.3 Levy and Collection (Taxable event) MCQ |
1.3 MCQ
Levy and Collection (Taxable event)
1.Intra-state supplies is subject to
A. Central Goods
and Services Tax (CGST)
B. State Goods and
Services Tax (SGST) or Union Territory Goods and Services Tax (UTGST), as the
case may be
C. CGST and
SGST/UTGST
D. IGST
Answer: C) CGST and SGST/UTGST
2.Inter-state supplies is subject to
A. Central Goods
and Services Tax (CGST)
B. State Goods and
Services Tax (SGST) or Union Territory Goods and Services Tax (UTGST), as the
case may be
C. CGST and
SGST/UTGST
D. IGST
Answer: D) IGST
3.Who will notify the rate of tax to be levied under CGST?
A. Central
Government suo motu
B. State Government
suo motu
C. GST Council suo
motu
D. Central
Government as per the recommendations of the GST Council
Answer: D) Central Government as
per the recommendations of the GST Council
4.What is the maximum rate prescribed under CGST?
A. 12%
B. 28%
C. 20%
D. 40%
Answer: 20%
5.Which of the following taxes will be levied on Imports?
A. CGST
B. SGST
C. IGST
D. Basic Customs
Duty (BCD) and IGST
Answer: D) Basic Customs Duty (BCD)
and IGST
6.Which model of GST is introduced in India?
A. National Level
GST
B. State Level GST
C. Dual GST
D. None of the
above
Answer: C) Dual GST
7.’’Zero rated supply” means
A. Export of goods
or services or both
B. Import of goods
or services or both
C. Supply of goods
or services or both to a Special Economic Zone developer or a Special Economic
Zone unit
D. export of goods
or services or both and supply of goods or services or both to a Special
Economic Zone developer or a Special Economic Zone unit
Answer: D) export of
goods or services or both and supply of goods or services or both to a Special
Economic Zone developer or a Special Economic Zone unit
8.Zero rate supplies means?
A. Exempt supply
B. Nil rate supply
C. Non-taxable
supply
D. None of the
above
Answer: B) Nil rate supply
9.Which of the following supplies of goods is subject to reverse charge
A. Silk yarn
B. Cotton yarn
C. Nylon
D. All the above
Answer: A) Silk yarn
10.Which of the following supplies of goods made by agriculturist is
subject to reverse charge
A. Cashew nuts, not
shelled or peeled
B. Bidi wrapper
leaves (tendu)
C. Tobacco leaves
D. All the above
Answer: D) All the above
11.Which of the following supplies of goods made by agriculturist is
subject to reverse charge
A. Raw silk
B. Cotton yarn
C. Raw cotton
D. All the above
Answer: C) Raw cotton
12.GST is payable by the recipient under reverse charge on:
A. Sponsorship
services
B. Transport of
goods by rail
C. Transport of
passengers by air
D. All the above
Answer: A) Sponsorship services
13.GST is payable on services supplied by an individual advocate
including a senior advocate or firm of advocates under reverse charge by:
A. Any recipient of
service
B. Any business
entity located in the taxable territory
C. A person other
than individual
D. All of the above
Answer: B) Any business entity
located in the taxable territory
14.GST is payable on services supplied by the Central Government, State
Government, Union territory or local authority by way of renting of immovable
property under reverse charge by:
A. Any recipient of
service
B. Any business
entity located in the taxable territory
C. A person
registered under the Central Goods and Services Tax Act, 2017
D. All of the above
Answer: C) A person registered
under the Central Goods and Services Tax Act, 2017
15.Which of the following supply of services is subject to reverse
charge
A. Services
provided by business facilitator to a banking company
B. Services
provided by an agent of business correspondent to business correspondent
C. Services
supplied by a director of a company to the said company
D. All the above
Answer: All the above
16.Which of the following supply of services is subject to reverse charge
A. Services
provided by any court to a business entity
B. Services
provided by an income tax tribunal to business entity
C. Services
supplied by an arbitral tribunal to a business entity
D. None of the
above
Answer: C) Services supplied by an
arbitral tribunal to a business entity
17.Which of the following services provided by way of sponsorship is
subject to reverse charge
A. Services
provided to any person
B. Services
provided to any body corporate or partnership firm
C. Services
provided to any registered person
D. All the above
Answer: B) Services provided to any
body corporate or partnership firm
18.Services provided by a goods transport agency (GTA) in respect of
transportation of goods by road shall not be subject to reverse charge, if the
GTA has paid CGST and SGST at the rate of
A. 3% + 3%
B. 5% + 5%
C. 6% + 6%
D. 9% + 9%
Answer: C) 6% + 6%
19.Rate of GST payable by the recipient liable to pay GST on reverse
charge basis on GTA services shall be
A. 2.5% + 2.5%
B. 3% + 3%
C. 5% + 5%
D. 6% + 6%
Answer: A) 2.5% + 2.5%
20.Supply of services by a music composer by way of transfer or permitting the use or enjoyment of a copyright covered under section 13(1)(a) of the Copyright Act, 1957 relating to original, musical to a music company shall be liable to GST in the hands of
A. Music composer
B. Music company
C. Either the music
composer or the music company at their option
D. Neither the
music composer nor the music company
Answer: B) Music company
21.Supply of services by a photographer by way of transfer or permitting
the use or enjoyment of a copyright covered under section 13(1)(a) of the
Copyright Act, 1957 relating to original artistic works to a producer shall be
liable to GST in the hands of
A. Producer
B. Photographer
C. Either the
photographer or the producer at their option
D. Neither the
photographer nor the producer
Answer: A) Producer
22. Supply of services by an author by way of transfer or permitting the
use or enjoyment of a copyright covered under section 13(1)(a) of the Copyright
Act, 1957 relating to original literary works to a publisher shall be liable to
GST in the hands of
A. Author
B. Publisher
C. Either the
author or the publisher at their option
D. Neither the
author not the publisher
Answer: B) Publisher
23.Services provided by way of renting of a motor vehicle provided to a
body corporate shall be liable to GST in the hands of
A. Body corporate
B. Service provider
C. Either the body
corporate or the service provider at their option
D. Neither the body
corporate nor the service provider
Answer: A) Body corporate
24.CGST and SGST or IGST is payable by the supplier of goods and services and the same is known as
A. Reverse charge
of levy of GST
B. Forward charge
of levy of GST
C. Both A and B
D. None of the above
Answer: B) Forward charge of levy
of GST
25. CGST and SGST or IGST is payable by the recipient of goods and
services and the same is known as
A. Reverse charge
of levy of GST
B. Forward charge
of levy of GST
C. Both A and B
D. None of the
above
Answer: A) Reverse charge of levy
of GST
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