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MCQs

Total Questions : 274 | Page 5 of 28 pages
Question 41. GST Stands for
  1.    Goods and Supply Tax
  2.    Government Sales Tax
  3.    Goods and Services Tax
  4.    General Sales Tax
 Discuss Question
Answer: Option C. -> Goods and Services Tax
Question 42. In India GST became effective from
  1.    1st April, 2017
  2.    1st January, 2017
  3.    1st July, 2017
  4.    1st March, 2017
 Discuss Question
Answer: Option C. -> 1st July, 2017
Question 43. In India GST came effective from July 1st, 2017 India has chosen _______ model of dual ā€“ GST.
  1.    USA
  2.    UK
  3.    Canadian
  4.    China
  5.    Japan
 Discuss Question
Answer: Option C. -> Canadian
Question 44. GST is a _______ based tax on consumption of goods and services.
  1.    Duration
  2.    Destination
  3.    Dividend
  4.    Development
  5.    Destiny
 Discuss Question
Answer: Option B. -> Destination
Question 45. Indian GST model has _________rate structure.
  1.    3
  2.    4
  3.    5
  4.    6
 Discuss Question
Answer: Option B. -> 4
Question 46. What does ā€œIā€ stands for in IGST?
  1.    International
  2.    Internal
  3.    Integrated
  4.    Intra
 Discuss Question
Answer: Option C. -> Integrated
Question 47. First announcement to introduce GST by 2010, is made in Year
  1.    2000
  2.    2004
  3.    2006
  4.    2008
  5.    2010
 Discuss Question
Answer: Option C. -> 2006
Question 48. How many types of taxes will be in Indian GST?
  1.    2
  2.    3
  3.    4
  4.    5
  5.    6
 Discuss Question
Answer: Option B. -> 3
Question 49. Which of the following tax is not subsumed in GST
  1.    VAT
  2.    Stamp Duty
  3.    Entry Tax
  4.    Entertainment Tax
 Discuss Question
Answer: Option B. -> Stamp Duty
Question 50. What are the taxes levied on an Intra-State Supply?
  1.    CGST
  2.    SGST
  3.    CGST and SGST
  4.    IGST
 Discuss Question
Answer: Option C. -> CGST and SGST

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