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MCQs

Total Questions : 274 | Page 24 of 28 pages
Question 231. Each tourist resort will be registered separately for GST
  1.    True
  2.    False
 Discuss Question
Answer: Option A. -> True
Question 232. What is GST non registration fine?
  1.    MVR 100 per day not exceeding MVR 500,000.
  2.    MVR 50 per day not exceeding MVR 5000.
  3.    MVR 50 per day not exceeding MVR 1000.
  4.    MVR 60 per day not exceeding MVR 5000.
 Discuss Question
Answer: Option B. -> MVR 50 per day not exceeding MVR 5000.
Question 233. In India GST came effective from July 1st, 2017 India has chosen _______ model of dual – GST
  1.    USA
  2.    UK
  3.    Canadian
  4.    China
  5.    E. Japan
 Discuss Question
Answer: Option C. -> Canadian
Question 234. The very first GST meeting was held on
  1.    22nd and 23rd of August
  2.    21st and 22nd of September
  3.    22nd and 23rd of September
  4.    21st and 22nd of August
 Discuss Question
Answer: Option C. -> 22nd and 23rd of September
Question 235. GST is a
  1.    Direct
  2.    indirect
  3.    progressive
  4.    none of above
 Discuss Question
Answer: Option B. -> indirect
Question 236. Indian GST model has _________rate structure
  1.    3
  2.    4
  3.    5
  4.    6
 Discuss Question
Answer: Option B. -> 4
Question 237. Another name for GST payables is:
  1.    GST collected
  2.    GST tax credits
  3.    GST credits
  4.    GST outlay
 Discuss Question
Answer: Option A. -> GST collected
Question 238. What is the Full Form of LUT in Export Sales with LUT/Bond?
  1.    Letter of Undertaking
  2.    Letter of Exemption
  3.    Letter of Understanding
  4.    Letter of Export Sales
 Discuss Question
Answer: Option A. -> Letter of Undertaking
Question 239. GST is known as;
  1.    Goods and Services Tax
  2.    Goods and Services Taxation
  3.    Gold and Services Tax
  4.    Gold and Sanctions Tax
 Discuss Question
Answer: Option A. -> Goods and Services Tax
Question 240. Which one is not the return type in GST 2
  1.    Saral
  2.    Sahaj
  3.    Sugam
  4.    Regular
 Discuss Question
Answer: Option A. -> Saral

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