M.com part 2 Indirect Tax

   M.com Part 2 All Subject MCQ Link In One Link   Click Here👈    1. Indian has chosen _____________ model of dual GST. a) USA b) UK c) Canadian d) Japan ANS: C   2. Liability to pay tax by the recipient of supply of goods or services is called __________. a) Forward charge b) Reverse charge c) Output tax d) Input tax ANS: B   3. Tax paid on purchase of goods or services or both is called__________. a) Output tax b) Composite tax c) Input tax d) Reverse tax ANS: C   4. Which of the following are not a benefits of GST ? a) Creation of unified national market b) Boost to ‘Make in India’ initiative c) More Competitive products d) Increase in overall tax burden on consumer ANS: D   5. Works contract is a supply of __________. a) Services b) Goods c) Both goods and services d) Neither goods nor supply of services6 ANS: A   6. Gifts not exceeding ________ in a year by an employer to employee shall not be treated as supply. a) Rs. 5,000 b) Rs. 10,000 c) Rs. 50,000 d) Rs. 1,00,000 ANS: C   7. A DTH company supplies a dish, set-top box, 3 year repairing and subscription of 500 channels for five years services as a package to the customers for Rs. 25,000. This is a ________. a) Mixed supply b) Continous supply c) Composite supply d) Common supply ANS: C   8. One tooth paste and tooth brush and a toilet soap sold in a packet for Rs. 50 is ________. a) Composite supply b) Mixed supply c) Common supply d) Continous supply ANS: B   9. What would be the tax rate applicable in case of composite supply ? a) Tax rate as applicable on principal supply b) Tax rate as applicable on ancillary supply c) Tax rate as applicable on supply attracting the highest rate of tax d) Not taxable at all ANS: A   10. What would be the tax rate applicable in case of mixed supply ? a) Tax rate as applicable on supply attracting the lowest rate of tax b) Tax rate as applicable on supply attracting the highest rate of tax c) Tax rate as applicable on principal supply d) Tax rate as applicable on ancillary supply ANS: B   11. A person is liable to be registered under GST law where the aggregate value of supply of services exceeds Rs. ______________, in general category. a) 10 Lakhs b) 20 Lakhs7 c) 40 Lakhs d) 75 Lakhs ANS: B   12. ________________ is the application form for registration on casual taxable person. a) GST-REG-11 b) GST–REG-01 c) GST-REG-10 d) GST-REG-06 ANS: B   13. __________________ is the15 -digit GST Identification Number. a) GSTN b) GSTP c) GSTIN d) GSTR ANS: C   14. In case of special category states the limit of aggregate turnover for GST registration is Rs. _____________ . a) 10 Lakhs b) 20 Lakhs c) 40 Lakhs d) 30 Lakhs ANS: A   15. Mr. Z shows following supplies in March 20 : Export of services: Rs. 15 lacs; Supply of goods exempted Rs. 5 lacs; Supply of taxable goods: Rs. 10 lacs. The aggregate turnover under GST in case of Mr. Z will be: a) 20 lacs b) 25 lacs c) 30 lacs d) 10 lacs ANS: C   16. Ms. Dayaben who has place of business in Ahmedabad engaged in supply of goods shows the following details for the year 2019-2020: Month Taxable PurchasesTaxable Sales Tax-Free Sales Dec 17 430,000 500,000 200,000 Jan 18 45,000 200,000 100,000 Feb 18 70,000 300,000 210,000 Mar 18 80,000 100,000 200,000 From which month is She is liable to apply for registration under GST. a. Jan 18 b. Feb 18 c. Mar 18 d. Not liable for registration. ANS: D    17. GST registration is _________. a) PAN based b) passport based 8 c) Aadhar based d) none of the above ANS: A    18. Within how many days a person should apply for registration ? a) Within 30 days from the date he becomes liable for registration b) Within 60 days from the date he becomes liable for registration c) No Time Limit d) Within 90 days from the date he becomes liable for registration ANS: A    19. What is the validity of registration certificate issued to casual taxable person and  non-resident taxable person ? a) 90 days from the effective date of registration b) Period specified in the application of registration c) Earliest of (a) or (b) above d) 180 days from the effective date of registration ANS: C    20. Which of the following persons are not liable for compulsory registration _________. a) E-commerce operators b) Agriculturists c) Input Service Distributors d) Non Resident Taxable person ANS: B    21. When can a voluntarily registration may not be cancelled ? a) If the person does not start business within 6 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 6 months d) If a person files all the return within due date under GST ANS: D    22. The application shall be forwarded to the _________ who shall examine the application and the accompanying documents for GST registration. a) Proper Officer b) GSTN c) GSTP d) GST Portal ANS: A    23. Certificate of registration is issued in which form ? a) GST REG-06 b) GST REG-02 9 c) GST REG-01 d) GST REG-10 ANS: A    24. What is the validity of the registration certificate ? a) One year b) No validity c) Valid till it is cancelled. d) Five years. ANS: C    25. Within how many days an application for revocation of cancellation of registration can be made ? a) 7 days from the date of service of the cancellation order b) 15 days from the date of issue of the cancellation order c) 45