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Total Questions : 274 | Page 6 of 28 pages
Question 51. What is the maximum rate prescribed under CGST?
  1.    12%
  2.    20%
  3.    28%
  4.    18%
 Discuss Question
Answer: Option B. -> 20%
Question 52. Which of the following taxes will be levied on Imports of goods and services?
  1.    CGST
  2.    SGST
  3.    IGST
  4.    Exempt
 Discuss Question
Answer: Option C. -> IGST
Question 53. Maximum rate prescribed under UTGST/SGST?
  1.    14%
  2.    20%
  3.    28%
  4.    30%
 Discuss Question
Answer: Option B. -> 20%
Question 54. How will the goods and services be classified under GST regime?
  1.    SAC/HSN Code
  2.    HSN Code
  3.    SAC Code
  4.    GST Code
  5.    None of above
 Discuss Question
Answer: Option A. -> SAC/HSN Code
Question 55. HSN Code Stands for
  1.    Home Shopping Network
  2.    Harmonised System of Nomenclature
  3.    Harmonised System Number
  4.    Home State Number
 Discuss Question
Answer: Option B. -> Harmonised System of Nomenclature
Question 56. SAC Code Stands for
  1.    Services Accounting Code
  2.    Software Accounting Code
  3.    System Accounting Code
  4.    Service Application Code
 Discuss Question
Answer: Option A. -> Services Accounting Code
Question 57. Can a person apply for registration without PAN
  1.    No
  2.    Yes
 Discuss Question
Answer: Option A. -> No
Question 58. Is there any ceiling limit prescribed on the rate under IGST?
  1.    12%
  2.    18%
  3.    28%
  4.    40%
 Discuss Question
Answer: Option D. -> 40%
Question 59. Which of the following is an intrastate supply?
  1.    Supplier of goods located in Nagpur and place of supply of goods SEZ located in Mumbai
  2.    Supplier of goods located in Kolkata and place of supply of goods in Bangalore
  3.    Supplier of goods located in Goa and place of supply of goods in Goa
  4.    All the above
 Discuss Question
Answer: Option C. -> Supplier of goods located in Goa and place of supply of goods in Goa
Question 60. Place of supply in case of installation of elevator is
  1.    Where the movement of elevator commences from the supplier’s place.
  2.    Where the delivery of elevator is taken.
  3.    Where the installation of elevator is made.
  4.    Where address of the recipient is mentioned in the invoice.
 Discuss Question
Answer: Option C. -> Where the installation of elevator is made.

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