Indirect Tax how it works in education to student

| 7.4 MULTIPLE CHOICE QUESTIONS
a. GST Stands for
(a)Goods and Supply Tax (b) Government Sales Tax
: © Goods and Services Tax (d) Good and Simple Tax
2. GST is levied in India on the basis of Principle.
(a) Origin Aby Destination
(c) Esther a or b (d) Both aorb
| The main objective of GST implementation is
(a) To consolidate multiple indirect tax levies into single tax
(b) Overcoming [imitation of existing indirect tax structure
(c) Creating efficiencies in tax administration
All of above 3
Which of the following is not a bill passed by parliament for the implementation of GST in | d
(a) The Central GST Act, 2017 fb} The State GST Act, 2017
(c) The integrated GST Act, 2017 (d) None of above
, Petroleum products have been temporarily been kept out of GST.
(2) One (b) Two
Three ive
India, GST structure is in esi
Single __tby Dual
oe (d) (a) & (b) both
is not levied
on which of the following 7
ae ae for Hurnan Consumption (b) Five Petroleum Products
2 Property _ (OYA of above
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__ is levied
on Inter State Supply of Goods a ;
rn ST
7 eee (b) SGST ?
e a | @)Bothagb 9
41. is levied on Intra State Supply of Goods and/or Services in Union
(a) SGST ~ (b) IGST
GST (d)GSTisnotlevied = =
42. Goods and Services Tax is a tax levied on goods and services imposed at each po
(a) Sale (b) Service ci
upply ' (d) Manufacturing -
13.GST is a national level tax based on — i si Sg sale hah
(a) First point tax principle _(by-Value Added principle OD ee
(c) Last point tax principle. ’ _ (d) All of the above
44. The following tax has been subsumed into Central GST.
(a) Central Sales Tax ~ (b) Custom Duty
(c) Service Tax (AYA of the above
45.GST was introduced in India on
(a) 1-4-2017 (b) 1-5-2017
_ (c) 1-6-2017 _(ayt-7-2017
46. Indian GST model has tier rate structure.
(a) 3
(by4
(c) 5 “(d) 6 ore
17.What does ‘Il’ stands for in IGST?
(a) International (b) Internal
ntegrated
(d) Intra
48. Which of the following tax is not subsumed in GST ?
(a) VAT ‘ _(b) Stamp Duty
(c) Entry Tax (d) Entertainment Tax
19. HSN Code Stands for eA
(a) Home Shopping Network _(by Harmonised System of Nomenclature
(c) Harmonised System Number (d) Home State Number
20. Alcoholic liquor for Human Consumption is subject to -
(a) CGST (b) SGST
(c) IGST . __(a'None of the above
21.Five petroleum products viz. petroleum crude, motor spirit (petrol), high speed diesel, natural
gas and aviation turbine fuel have been kept out of GST
(a)Permanently ~ _(b)-Teimporarily
___ (c) For one year (d) None of the above tt
22. The items which will be taxable both under Central Excise Law and the GST even the
‘implementation of the GST Act. a de Yo, aac ;
(a) Motor spirit obacco and Tobacco Prodi
) Alcoholic liquor for human consumption (d) Natural Gas — jaime
speed Diesel, Motor Spirit (commonly k
4
a

20 Indirect Taxes
- I (GST) (T.Y.B.A.F
24. Supply of the following is not liable to GST
(a) Alcoholic liquor for industrial consumption
(b) Alcoholic liquor for medicinal consumption
“Alcoholic liquor for human consumption
(d) Alcoholic liquor for animal consumption
25.GST is a comprehensive tax regime covering
(a) Goods (b) Services
_{ey Both goods and services (d) None of the above
26. Which of the following taxes have been subsumed under GST ?
(1) Central Excise Duty ' (2) Service Tax
(3) VAT (4) Luxury Tax
Select the correct answer from the options given below
(a) (4) & (2) ete. (b) (3), (1) & (2) —
) All of the above (d) None of the above
27.The CGST Act, 2017 extends to ; :
ee. of India excluding Jammu & Kashmir
46) Whole of India fit
(c) Whole of India excluding Jammu & Kashmir and Union territories
(d) Whole of India excluding Jammu & Kashmir but including Union territories
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| 17.1 MULTIPLE CHOICE QUESTIONS
A. Recipient [Section 2(93)]
1. PLtd. has a contract with X Ltd. to provide book keeping s
_ Of PLtd. The liability to discharge consideration for such ook
CGST Act, 2017, who will be the recipien }
Ltd. “TR
ue

36 | , . Indirect Taxes ~1I
B. Goods [Section 2(52)] innate
MES
2. The definition of goods under section 2(52) of the GGST Act does no
(a) Grass Money and securities —
2
4 ‘ P.
(c) Actionable claims (d) Growing eee
3. is not included in the term “Goods” under GST Law:
(a) Movable Property (b) Actionable Claim
ecurities (d) Growing Crops ’
4. Which of the following is not covered under the term “Goods under GST 7
(a) Money (b) Actionable Claim
(c) Securities dy Both (a) & (c)
5. As per the CGST Act, 2017, "business" includes : |
i) Adventure not for a pecuniary benefit 7
‘i Any activity or eee undertaken by the Central Government, a State GoventiCam
any local authority in which they are engaged as public authorities.
(a) (ii) only eat y and (ii)
c) Neither (i) nor (ii (d) (i) only
6. hen ene can be treated as "goods" under the CGST Act, 2017 ?
(i) Movable Property
(ii) Money and Securities
(iii) Actionable Claim
Select the correct answer from the options given below :
Il il
I
. (ay v x v
“(b) x Vv Vv
(c) x Y x
(d) v x x
7. Securities are excluded from the definition of
(a) Goods (b) Services :
__{e}Both (a) and (b) (d) Neither (a) nor (b)
8. Money is
(a) Specifically included in the definition of goods
(b) Specifically included in the definition of services
(c)}Specifically excluded from the definition of goods as well as services
(d) None of the above ©
9. Actionable Claims are 3

Sa eeticaly included in the definition of goods
(b) Specifically included in the definition of services .
(c) Specifically excluded from the definition of goods as well as services
(d) Specifically excluded from the definition of goods only
Non-Taxable Supply [Section 2(78)]
C.
- 10. Which of the following is a nontaxable supply under the CGST Act, 2017 ?
(a) Supply of goods not leviable to tax under the CGST Act, 2017
(b) Supply of Services not leviable to tax under the CGST Act, 2017 ad
__ (C) Supply which is neither a su ;

1. What are different types of supplies covered under the scope of sup
(a) Supplies made with consideration ——_(b) Supplies made without cor
(ey Both of the above (d) None of the above
2. The activities to be treated as supply of goods or supply of services as refe
CGST Act, 2017.
ay
rred
to
(a) Schedule | of CGST Act (by Schedule II of CGST Act
(c) Schedule II! of CGST Act con (d) Section 7
3. Which of the following taxes will be levied on Imports?
(a) CGST (b) SGST
a Tt (d) None of the above
4. Which of the following is not a supply as per section 7 of the CGST Act ?
n course or furtherance of business
(a) Management consultancy services not i :
ce of business
(b) Import of service for consideration not in course oF furtheran
(c) Both (a) and (b)
(d) None of the above s ] a
5. specifies the activities to be treated as supply even if made without Consideration
—
_{ay Schedule | of CST Act (b) Schedule II of CGST Act
(c) Schedule Ill of CGST Act (d) All of the above
f supply and not taxable under GST?
6. Which of the following activity is outside the scope 0 |
(a) Services by an employee to the employer in the course of or in relation to his employment |
(b) Services of funeral
(c) Actionable claims, other than lottery, betting and gambling.
| (d)“All
of the above
7. Which of the following activities is a supply of services?
Transfer of right in goods/ undivided share in goods without transfer of title in goods
(b) Transfer of title in goods
3 |
(c) Transfer of title in goods under an agreement which stipulates that property shall pass at a)
future date
(d) All of the above
8. Supply includes import of services for a consideration
(a) Only if in the course or furtherance of business
(b) Only if not in the course or furtherance of business
hether or not in the course or furtherance of business
(d) None of the above
9. specifies the activities which are neither to be treated as supply of goods nor a supph
of services. -
(a) Schedule | of CGST Act (b) Schedule Il of CGST Act
ey'Schedule Ill of CGST Act (d) Alll of the above
10. Activities or transactions undertaken by the Central Gov 7
; local authority in which they are Spo) as public Ome aS ey Roe by th
i Government on the recommendations of the Council, shall treated as 4
(a) Supply of goods (b) Supply of services
fe) Neither as a supply of goods nor a supply of services
aS a supply of goods or a supply of services
title in goods shall be considered as
(b) Supply of servi
ly of goods nor a supply ofBers oe
ods or a supply of services _
aes

ther Ipply of ‘nora:
er aS a Supply of goods or a supply of se
r of title in goods under an agreement which stipulates
uture date upon payment of full consideration as agree
Supply of goods
(b) Supply of services
(c) Neither as a supply of goods nor a supply of services
(d) Either as a supply of goods or a supply of services
14. Lease, tenancy, easement, licence to ‘occupy land shall be considered
as _
(a) Supply of goods
upply of services
(c) Neither as a supply of goods nor a supply of services eye ae ve
(d) Either as a supply of goods or a supply of services Ph tg
et
15. Lease or letting out of the building including a commercial, industrial or residential complex for
business or commerce, either wholly or partly shall be treated as Ln Orr ;
130s
- (a) Supply of goods © ?
Supply of services i
(c) Neither as a supply of goods nora supply of services - 10 Te
(d) Either as a supply of goods or a supply of services : TUT A
16. Any treatment or process which is applied to another person’s goods shall be treated as )
(a) Supply of goods
ey Sanply of services (0 Vie
(c) Neither as a supply of goods nor a supply of services Tes,
(d) Either as a supply of goods or a supply of services } s
17. Where goods forming part of the assets of a business are transferred or disposed of by or under
the directions of the person carrying on the business so as no longer to form part of those
assets, whether or not for a consideration, such transfer
or disposal is a
————_ by the person.
Supply of goods ss
(d) Either as.a supply of goods ora supply of services : , fae
18.Where, by or under the direction of a person carrying on a business, goods held or used for the
purposes of the business are put to any private use or are used, or made available to any person
for use, for any purpose other than a purpose of the business, whether or not for aconsideration, —
the usage or making available of such goods is a
(a) Supply of goods
upply of services
(c) Neitherasa supply of goods nor a supply of services
19. Renting of immovable property is —__ ¢
_ (a) Supply of goods
supply of services

sly of goods nor a supply
of services
eras a supply of goods ora supply of services
22, Development, design, programming, customisation, adaptation, upgradation, enha
implementation of information technology software shall be treated as —_—-__
(a) Supply of goods one Oe
upply of services
(c) Neither as a supply of goods nor a supply of service
23. on to the obligation to refrain from an act, or to tolerate an act orasituati
(a) Supply of goods
Supply of services
(d) Either as a supply of goods ora supply of services — “p ,
24. Transfer of the right to use any goods for any purpose (whether or not for a specified per
cash, deferred payment or other valuable consideration shall be treated as —$———
(a) Supply of goods
by Supply of services
25. Works contract as defined in section 2 (119) shall be treated as ——_——
(a) Supply of goods
Supply of services
;
26. Supply, by way of or as part of any service or in any other manner whatsoever, of goods, bei
food or any other article for human consumption or any drink (other than alcoholic liqu
human consumption), where such supply or service is for cash, deferred payment or other val
consideration is __——-
(a) Supply of goods
Supply of services
(c) Neither as a supply 0
by a
aN
jon, OF:
f goods nor a supply of services
a
goods ora supply of services
-
(d) Either as a supply of
corporated association or
27. Supply of goods by any unin
cash, deferred payment or other valuable consideration shall be treated as
upply of goods
{
|
(c) Neither as a supply of goods nora supply of services — ; |
body of persons to a member thereof for
(d) Either as a supply of goods ora supply of services
28. Services by an employee to the employer in the course of or in relation to his employme a
(a) S pplyof goods (b) Supply of services
Neither as a supply of goods nor a supply of services
a a Either as a supply of goods or a supply of services
; vices by any court or Tribunal established under any law for the time being in force is

of goods nor a supply of services
ods or a supply of services

performed by any pe
ion in that capa shall bee consid red a
_ (a) Supply”
) Ss ply of eorviced
either as a supply of goods nor a supply of services
“(d) Either as a supply of goods ora supply of services
32. The duties performed by any person as a Chairperson or a Menitiar: oO
established by the Central Government or a State Government or local authority
and
- deemedas an employee before the commencement of this clause shall be considere as
(a) Supply of goods
(b) Supply of services .
-_(d) Either as a supply of goods or a supply of services ; {
33. Services of funeral, burial, crematorium or mortuary including transportation of the dgeaaees
shall be treated as
(a) Supply of goods
34. Actionable claims, other than lottery, betting and gambling shall be treated as
(a) Supply of goods
{cy Neither as a supply of goods nor a supply of services
-(d) Either as a supply of goods or a supply of services
35. Gifts not exceeding in value in a financial year by an employer to an employee shall not .
be treated as supply of goods or services or both.
Ad) 50,000 (b) 1,00,000 |
{c) 2,00,000 (d) 2,50,000 Ts
36. The shall be treated as supply even if made without consideration
{a)Permanent transfer or disposal of business assets where input tax credit has been availed
on such assets.
(b) Permanent transfer or disposal of business assets where input tax credit has NOT been
availed on such assets.
(c) Both of the above
37. The shall be treated as supply even if made witha consideration 7
(a) Supply of goods by a principal to his agent where the agent undertakes to supply Buck goods q
on behalf of the principal;
(b) Supply of goods by an agent to his principal where the agent undertakes to ite
goods on behalf of the principal.
48) Both of the above
(d) YP of the above

out con
upply even when made with
) None of the above
40. Which of the following is - the supply
‘title on the same will be transferred at
(a) Rent a car
in which possession of t
the future date?
ire Purchase !
(c) Normal sale of goods ’ ' ia
(d) None of the above h possession’ of the oods are transferr
41.Which of the following is - the supply in whic
ttle of re goods is ra transferred at all and thereby attains the character of Ly
ice ?
A
reir
(b) Hire Purchase
ent a car bove :
le of goods (d) None of the a
Serius te a particular business venture but he refrains'
; a license to opera SIM ‘ iy
SE en i : agreement with other business houses in the
operating such business venture after an
: :
in amount. Is this a supply of service?
line of business against receiving certa
a ;
oe — (pb) No aul
(d) None of the above Ne
(c) Exempted
43, Which of the following is the supply even if made without consideration?
(a) Stock transfer out to another state
(b) Temporary application
of business asset for a non-busines
(c) Free transfer of business asset
All of the above
; a
B. Tax Liability on Composite and Mixed Supplies (Section 8) "qi
44. What are the factors differentiating composite supply & mixed supply?
(a) Nature of bundling i.e. artificial or natural : .
(b) Existence
of principal supply a
oth of the above
(d) None of the above ~ a
ae would be the tax rate applicable in case of composite supply? ae
Tax rate as applicable on principal supply
(b) Tax rate as applicable on ancillary supply
(c) Tax rate as applicable on respective supply
(d) None of the above ;
46. What would be the tax rate applicable in case of mixed supply? 5
oa rate as applicable on supply attracting the lowest rate of tax
, 5D ee ae = applicable on supply attracting the highest rate of tax
eae of a following supplies are naturally bundled?
a) Rent deed execu aupuilei .
another for Se Wesoee 5 ae eas oe ae os resident
(b) Pack of watch, tie and belt ~—
(c) Package of canned food such as burger, chocolates, sweets, cake etc. _
__(Ay'None of the above
48.A _____ supply comprising of two or more supplie
; S shall as the :
_ particular supply that attracts highest rate of tax. sh ae eae aa
(a) Composite xed re
___ (@) Both (a) and (b) (d) None of the ab
Ss needs

means a supbly made bya taxable p
supplies of goods or services or both, oO
bundled and ‘supplied in conjunction with edich oth
__whicb-is a principal supply. ia
(ay Composite Supply~ ~ (b) Principal Supply. ‘
i (c) Mixed Supply ~ (d) Inward Supply
. 50. means two or more individual supplies of goods or services,
c
; | made in conjunction with each other by a taxable person for a areal pric
_ does-not constitute a composite supply. roe
Mixed Supply. _(b) Principal Supple a
a: %) Inward Supply | (d) Exempt Supply i cla
; ; Dn en a sare
— : TT ei .

mie aon oes QUESTIONS
Levy and Collection (CGST - Section 9)
a
4, What are the taxes levied on an intra-State supply?
(@) CGST - (b) SGST
UeyCGsT and SGST (d) IGST
>, What is the maximum rate prescribed under CGST Act?
ae, ne & e269 3
0%
(d) 18%
| |
3, Who will notify the rate of tax to be levied under CGST Act? -
(a) Central Government suo moto
(bp) State Government suo moto
(c) GST Council suo moto
Sei Gove mment as per the recommendations of the GST Council.
4. Which of the following taxes will be levied on imports? —_
(a) CGST (b) SGST
{oVGST (d) CGST andSGST , ma
5. What is the maximum rate prescribed under UTGST Act? -
(a) 14% (b) 28% oe / =
0% (d) 30% : aaa
B.__Levy and Collection of Tax [IGST] (Section 5 to 6)
_& —__ Supply shall attract IGST?
(a) Intra-State Ab) Inter-State
_(¢) Both
y I there any ceiling limit prescribed on the rate under IGST?
: Ae “by 40% ;
5 (d) 30% Wl
€-commerce operator having no physical presgiag in the taxab
presentative in thetaxaple tortion: Pi ot

90
Indirect Taxes - I (GST) (7, YB.AR:
9. Unless and until notified, |GST shall not be levied on the inter-State Supply of
which
following: "
(a) Industrial alcohol (b) Works contract
_foy Petroleum (d) None of the above
C. Reverse Charge
10. What are the supplies on which reverse charge mechanism would apply at present?
yNotitied categories of goods or services or both under section 9(3)
(6) Inward supply of goods or services or both from an unregistered dea
(c) Both the above
d) None of the above
; |
11 anes of the following services are covered under Reverse Charge Mechanism of CGst Ay
ler under S€Ction 9
(4)
2017? .
(i) Legal Consultancy (i) Goods Transport Agency
(iii) Manpower Supply oS ae
at i i (d) All the above .
1SIn case of sponsorship services provided by Mr. A to M/s AB Ltd., liability to pay GST is on:
ie) Mr. A _ (6) M/s AB Ltd.
(c) Both (d) None of the above
13.In case of renting of land, inside an Industrial estate, by State Government to a registereg
manufacturing company, GST is:.
(a) Exempted (b) Applicable under Normal Charge
(ey Applicable under Reverse Charge (d) None of the above
14. In case of services by an insurance agent to Ms. ABC Insurance Co. Ltd., GST is to be paid by.
(a) Insurance Agent ._{byY ABC Insurance Co. Ltd.
(c) Both
15. Sitting fees received by director of XYZ Ltd., is liable for GST in the hands of the
(a) Director _Ab) XYZ Ltd.
(Cc) Both of above (d) None of the above
16. Services by a recovery agent to M/s ZZZ Bank Ltd., are liable for GST in the hands of:
_S@Y MIs ZZZ Bank Ltd. (b) Recovery agent
(Cc) Both the above
17.1n case of lottery procured from State Government by a lottery distributor
(4) Lottery distributor (b) State Goverment
(c) Both the above
A
18. Reverse charge under section 9(3) of the CGST Act is applicable:
(a) Only on notified services (b) Only on notified goods er |
On Notified goods & services (d) On None of the above a
19. If Tobacco leaves procured from an Agriculturist by a registered person, then:
Reverse Charge is applicable (b) Normal charge is applicable _
(c) Joint charge is applicable (d) None of the above
20.In case M/s. POR Ltd., a registered person, has availed rent-a-cab service from M/s ABC Travel
(Proprietor) service then which one of the following is true:
;
, GST is payable by:
(c) Joint charge is applicable
Se Charge is applicable:
(a) On intra-State supplies
intra-State and inter-
(b) Only on inter-State Supplies
State Supplies (d) None of the above Sag

MULTIPLE CHOICE scan
A Exemption
4, Which one of the following is true?
(a) Entire income of any trust is exempted from GST
(b) Entire income of a registered trust is exempted from GST
(c) Incomes from specified/defined charitable activities of a trust are exemp 3
Incomes from specified/defined charitable activities of a registered trust (u/
Tax Act)are exempted from GST
9, Select the correct statement?
(a) Transfer of a going concern wholly is not exempt from GST
(b) Transfer of a going concern is partly exempt from GST
(c) Transfer partly as going concern is exempted from GST.
ransfer of a going concern is exempt from GST
3. Service by whom, by way of any activity in relation to any function artiste io a mu
under Article 243 W of the Constitution, is exempted? — te
(a) Central Government or State Government or Union territory 0
or Local authori ee e
_(b) Governmental authority a
(c) Municipality under Article 243 W of the Constitution ve : ‘oN '
Il of above
af cman
4. Which is a wrong statement?
fa )All services of Department of Post are exempted
vessel in a Port or an Airport are exempted
(c) All services by State/Central Governments/local authonties in
j passengers are exempted
AQ) All the above mentioned
ae to a single residential unit is, exempted if:

: any immovab properly. «sae
For letting out any fesidential dwelling for use as residence
(c) For letting out any residential property irrespective ofits Ise
(d) For none of the above
7. Services by a hotel, inn, guest hous
urposes - . bee
fat e actual tariff for a unit of accommodation is below = 10,000
dade actual tariff for a unit of accommodation Is below & 1,000
ff for a unit of accommodation is exactly = 1,000
odation is above = 1,000
e, club or campsite are exempte
(c) If the actual tari
(d) If the actual tariff for a unit of accomm
8. Transportation of passengers exempted if -
(a) Itis by air-conditioned stage carriage
(b) It is by air-conditioned contract carriage
(c) It is by non-air-conditioned stage carriage for tourism, charter or hire
lone of the above
9. Transportation of passengers is exempted -
(a) In an air-conditioned railway coach 5
(b) In a vessel for public tourism purpose between places in India
h a metered cab/auto rickshaw /e rickshaw
(d) In all the above mentioned
10. Transportation of goods is not exempted if it is -
Vy a goods transport agency / courier agency a
(b) by inland waterways a
(c) by an aircraft from a place outside India upto the customs station of clearance in India
(d) by all the above mentioned Z
41. Transportation of agricultural produces, milk, salt and food grain including flour, pulses and tic
‘relief materials meant for victims of natural or man-made disasters, calamities, accidents |
mishap’, newspaper or magazines registered with the Registrar of Newspapers - is exempted-
(a) If itis by a goods transport agency '
(b) If it is by a rail - within India
(c) If itis by a vessel - within India
en is by all of the above
12.Which of the following is exempted —
ervices by way of loading, unloading, packing, storage or warehousing of rice
(b) Services by way of loading and unloading of jute
(c) Services by way of packing and storage or warehousing of rubber
13. Core services of which organization is not exempted - gn
(a) Services provided by the Insurance Regulatory and Development Authority of India to in ur .
(b) Services provided by the Securities and Exchange Board of India set up under the Securities
and paar Board of India Act, 1992 (15 of 1992) by way of protecting the intere:
investors
ervices by Port Trusts
(d) Services by the Reserve Bank of India
_ 14, If the aggregate tumover of in F.Y. 2018-19 of M/s ABCD Enterprises, Kanchipuram, Tamil
India was € 18 lakh, exemption is availabl i i
‘ ; , le for the following service |
(a) Arbitral Tribunal services 2 sada”
is of long term (30 or more years) leases of industrial
m (30 or more years) leases of indu

ealth care services to Animals/Birds.
Slaughtering of animals
Rearinghorses Cries
awvices by educational institution is exempted
if the s
(a) Any common man “aie own ett
Beeyeothas be (d) None of the above
49. Services by a Non-Profit entity (Registered or Unregistered)
are exer
~ (a) If they are to its own members provided the contribution received is up
from a member 4 ; He ae
“piney are to its own members, provided the contribution received is up to % 7500 per
from a member towards sourcing goods/services from any third person for
members 5 :
(c) If they are to its own members, provided the contribution is less than ¥ 7500 per mon
a member towards sourcing goods/services from any third person for common use of
(d) If they are to its own members, provided the contribution is up to = 7500 per mc
member for common use specified members : eae ie ‘
90, Which of the following are exempted services? fas "
(a) Services by an artist by way of a performance in folk or classical art forms of music/ dance
/—
theatre with consideration therefor not exceeding % 1 lakh eS * aan
(b) Services by an artist by way of a performance in folk or classical art forms of music/ dance .
with consideration therefor not exceeding ¥ 1.5 lakh ae Ay
(cy Services by an artist by way of a performance in folk or classical art forms of music/ dance
/
theatre with consideration therefor not exceeding ¢ 1.5 lakh ; ae
(d) Services by an artist as a brand ambassador by way of a performance in folk or classical art
forms of music/ dance / theatre with consideration therefor not exceeding ¢ 1.5 lakh © Le
21. Transportation of passengers by ___— are exempt from GST. + ea
(a) Railway in first class : (b) Railway in an air-conditioned coach
etro (d) All of the above
22. Transportation of _____ by a GTA in a goods carriage is exempt from GST.
(a) Agricultural produce (b) Organic manure sae
() Milk : (d)Allofthe above aa
23. What of the following services provided to an educational institution - Debo Public Scho
exempt from GST?
(a) Transportation of staff of the school
_ (b)Cleaning of the school
| ences relating to conduct of higher secondary exams
_ 4d) All of the above : yaa
ansportation of passengers by —— are exempt from GST.
ir conditioned stage carriage (b) radio taxi lay
it, terminating in Nagaland airport _ (d) All of the above
of the following services provided by f Posts are
I=

or services or both which are wholly exempt from
ler Berton 6 of IGST Act

( AMETUEDEa ase oe 8 8 pe a
| ; ab ae
[A] TIME OF SUPPLY OF GOODS (SECTION 12) 3 ode
_A1__ Forward Charge a ree a
1. What is time of supply of goods, in case a forward charge?
(a) Date of issue of invoice
(b) Due date of issue of invoice
~(c) Date of receipt of consideration by the supplier
arlier of (a) &(b)
2. The date on which the supplier receives the payment shall be
(a) the date on which the payment is entered in his books of account ob 4
- the,date on which the payment is credited to his bank account = im tine wd
the date on which the payment is entered in his books of account or the date on w
_ payment is credited to his bank account whichever is earlier rated. Genie
which the payment is entered in his books of account or th
redited to his bank account whichever, is igs + sacl

Oct. 2020
oods to Mr. B. Determine the TOS in accordance tt
wr sold 9 ;
Act, 2017 in case supply involves movement of goods. 7
the GST
| of removal - 3rd Oct. 2020
of Invoice - 4st Oct. 2020
when goods made available to the recipient - 4th Oct. 2020
eceipt of payment - 25th Nov. 2020
sy 1st Oct. 2020
:
(d) 25th Nov. 2020
5. rmine the Time of supply in accordance with provisions of Se
9017 in case supply involves movement of goods.
f Invoice : 02-10-2020
pate goods made available to recipient : 03-10-2020
pate of receipt of payment : 45-11-2020
ate of Invoice : 02-10-2020
i
¥p) Date goods made available to recipient : 03-10-2020 . a
(c) Date of receipt of payment : 15-11
i
Determine the Time of supply in accordance with provisions of Section 12 ©
:
Date of Removal of goods : 03-10-2020
Date of Invoice : 01-10-2020
Date goods made available to recipient : 04-10-2020 ©
Date of receipt of payment : 25-11-2020
emoval of goods : 03-10-2020
(a) Date of R
Dr fale of Invoice : 01-10-2020
(c) Date goods made available to recipient : 04-10-2020
(d) Date of receipt of payment : 25-11-2020
7. Determine the Time of supply in accordance with provisions
Date of Removal of goods : 05-11-2020
-
S jaa
Date goods made available to recipient : 06-11-2020
Date of receipt of payment : 01-10-2020
ds : 05-11-2020
ee of Removal of goo
(c) Date goods made available to recipient : 06-11-2020
- 01-10-2020
(d) Date of receipt of payment
8. Mr. Asold goods to Mr. B. Determine the TOS
the CGST Act, 2017 in case supply does not i
Date of delivery - 2nd Oct. 2020 (Date when t
Date of Invoice - 3rd Oct. 2020
Date.of receipt of payment - 19th Nov. 2020 ‘
2nd Oct. 2020
i (b) 3rd Oct. 2020 qa
_ (¢) 15th Nov. 2020
(d) 1stNov. 2020000
etermine the Time of supply in case goods are supplied on approv'
5
020 oh eeu panei moet a
Oo
a)3
5 h Oct. 2020 ction 12 of the CGST Act, —
pate ©
-2020
f the CGST Act,
of Section 12 of the CGST Act,
ns of Section 12 of
Taye Le.
in accordance with the provisio
tt |
nvolve movement of goods.
he goods made available
to the recipient)

Indivedi Teas - (OSD
ceives an amount upto ——— in excess
upply to the extent of such excess amo
f issue of invoice in respect of such excess an
148
40. Where the supplier of taxable goods re
indicated in the tax invoice, the time of s
f the said supplier, be the date 0
opti
1,000
(b) 5,000
(c) 10,000
(d) 50,000
the extent it relates to an addition in the value of supply by way of in
11. The time of supply to
late fee, or penalty for delayed pa
a)The supplier receives such addition in value
(b) The original invoice was issued
(c) The supplier issues revised invoice
(d) The original payment was received
;
A2_ Taxinvoice
Ac os
12. Tax invoice must be issued by
(a) Every supplier
(b) Every taxable p
(cy Every Registere
~“(d) All the above
13. An inyoice must be issued
(ay At the time of removal of goods
~(b) On transfer of risks and rewards of the goods to the recipient
(c) On receipt of payment for the supply
14. In case of goods sent on sale on approval ba
(a) While sending the goods; another Invoice
the goods
(b) When the recipient accepts the goods or ten months from the date of supply whichever is
earlier
(c) When the recipient accepts the goods or six months from the:date of supply whichever is
yment of any consideration shall be the date on which |
on supplies made by him.
erson
d person not paying tax under composition scheme
sis, invoice has to be issued
has to be issued by the recipient while rejecting
earlier
(d) When the recipient accepts the goods or three months from the date of supply whichever is
earlier
a
15.Where the goods being sent or taken on approval for sale or return are removed before the
supply takes place, the invoice shall be issued :
(a) before/at the time of supply (b) 6 months from the date of removal
(c) earlier of (a) or (b) (d) none of the above
16.GST a dealer has sent some goods to CST, another dealer, for Sales on Approval ‘Basis. In
absence of any confirmation even after 6 months, it will be treated as ;
(a) Sales Return (5) Deemed Supply of Goods .
(c) Purchase return (d) None of the Above
A3 Reverse Charge
17. What is time of supply of goods liable to tax under reverse charge mechanism?
| (a) Date of receipt of goods
me on which the payment is made
c) Date immediately following 30 d
Date ays from th
eat ae y e date of issue of invoice by the supplie
.Determi i in
Dee phe a ae eee) uname Tanne with provisions of Section 12 of the CGST Act,
rie ee lable to pay tax under reverse charge mechanism.
Date of receipt of goods : 15-10-2020
Date of payment in books : 10-10-2020
Date a. of payment in Bank A/c ; 12-10-2020
ate of Invoice : 01-10-2020 (b) Date of i , ,
UE CE ie a. receipt of goods : 15-10-2020
ore KS : 10-10-2020
: ebit of payment in Bank A/c : 12-10-2020 ,
ig
4 ey i

Matis Re time of supplyof vouchers when the up
Hate of issue of voucher e a ) te of redemption Fete
(d) (a) and (b) whichever is I
) Earlier of (a) and (b) whiche
at is the time of supply of vouchers when the supply with respe
“ + i Jet
?
* entifiable? ‘ rei
FD ie of issue of Voucher (by Bate of redemption of vo
(c) Earlier of (@) and (b) (d) (a) and (b) whichever is later
94.What is date of receipt of payment?
ne ce
(a) Date of entry in the books aod
(p) Date of payment credited into bank account . ee
(c) Date of deposit of cheque into bank account
otal a a :
Earlier of (a) and (b)
92. XYZ Ltd. has purchased for its e
from ABC Ltd. a footwear manufacturing company.
95-02-2020. The vouchers can be encashed at retail out
employees on 26-02-2020. The employees of XYZ Ltd. enca
Determine time of supply of vouchers. yi
(a) 24-02-2020 __(by25-02-2020
(c) 26-02-2020
(d) 01-03-2020
[B] TIME OF SUPPLY OF SERVICES (SECTION 13)
B.1 Forward Charge
——————————————
t
me of supply of service if the invoice is issued within 30 day
mployees 100 vouchers dated 24-02-2020 worth 1,000 each
The vouchers were issued by ABC Ltd. on
lets of ABC Ltd. The same were given to
shed the same on 01-03-2020.
93, What is the ti
s from the date of
provision of service?
‘Te
(a) Date of issue of invoice (b) Date on which the supplier receives payment -
_ (dy Earlier of (a) and (b)
(c) Date of provision of service
24,What is the time of supply of service if the invoice is issued within 30 days from the date of
supply of service? /
(a) Date of issue of invoice by the supplier
(b) Date of receipt of payment or date of issue 0
(c) Date of receipt of payment by the supplier ;
(ayDate of receipt of payment or date of issue of invoice whichever is earlier g
25 What is the time of supply of service if the invoice is not issued within 30 days from the date of
supply of service and no advance payments are received? : ih)“:
(a) Date of issue of invoice by the supplier
:
ate of completion of supply of service a sa
(c) Date of receipt of payment by the supplier
ue MRS
(d) Date of receipt of payment or date of issue of invoice whichever is earlier — ALU, eae
26.What is the time of supply of servicefor the supply of taxable services up to < 1000 in excess of
ae indicated in the taxable invoice? iol
t the option of the supplier — Invoice date or Date of receipt of consideration — 1 Be
ih, (7 226i ee
f invoice whichever is later
ry
(b) Date of issue of invoice
-(c) Date of receipt of consideration
(d) Date of entry in books of account
is the date of receipt of consideration by the supplier determined
Date ‘on which the receipt of payment is entered in the books of ac
e on which the receipt of payment is credited in the ba
of (a , eyeb-a® (6 a
ar (
ie ns monica
age

a
GF
__ Dat a RO oe - 1020 fei eart fy ih, ”
Date on which p ived - 15th Dec. 2020 hee
(a) 10th Nov. 2020 “ (bydoth Nov. 202
(c) 15th Nov. 2020 ~(d) 10th Dec. 202
30. Determine the TOS in accordance with provisions of CGST Act,
Date of actual supply of service - 10th Nov. 2020
Date of Invoice - 30th Nov. 2020 ;
Date on which payment received - 15th Nov. 2020
(a) 10th Nov. 2020 (bp) 30th Nov. 2020
5th Nov. 2020 - (d) 10th Dec. 2020
31. Determine the TOS in accordance with provisions of CGST Act, 2017
Date of actual supply of service - 10th Nov. 2020 :
Date of Invoice - 12th Dec. 2020
Date on which payment received - 30th
_ (ay10th Nov. 2020
~"(e) 30th April 2021
32. Determine the TOS in
Date of actual supply of service - 10th No
Date of Invoice - 22th Dec. 2020
Date hich payment received - 12th Dec. 2020 ;
Oth Nov. 2020
(b) 22th Dec. 2020 am
(c) 12th Dec. 2020
(d) 10th Dec. 2020
33. From the following information determine the. reverse charge basis. Lo et
.
Date of Invoice : 30-1 -2020
‘April 2021
~~ (b) 12th Dec. 2020
(d) 10th Dec. 2020
accordance with provisions of CGST Act, 2017
v. 2020
a
ie
Date of completion of service : 30-1-2020
; 4
-2020
a
Date of payment by recipient : 10-2
Entry for receipt of service in recipient's books : 12-2-2020 :
=
(a) Date of Invoice : 30-1-2020
, (b) Date of payment by recipient : 10-2-2020
(c) Entry for receipt of service in recipient's books : 12-2-2020
F
B.2 Tax Invoice
F 34. If Supply of Services has ceased under a contract before the completion of supply:
(a) Invoice has to be issued within 30 days from the date of cessation ~ aa
«(ey invoice has to be issued at the time of cessation to the extent of the supply effected
(c) Invoice has to be issued for the full value of the contract after deducting a percentag
as prescribed
(d) None of the above — .
Bear invoice should be issued the date of supply of service.
Within 30 days from (b) Within 2 months from
_(c) Within 15 days from : (d) On ei
36. In case of taxable supply of services ir 7 re
; ay | es, invoice shall
be iss hin a pel
eccien aididasieaas ll she wthin.aped
Ss

; of the ab - i si
of continuous supply of servi ces.
contract, invoice shall be issued
ar
sétore or at the time when the supplier of service receives
on or before the due date of payment
») either (a) OF (b)
) none of the above
Minimum Service perio ds required to constitute a continuous supply of se ices
Fe eo?
ayment
(a) Ex eeding 6 months (b)6 months = '
xceeding 3 months (d) 3 months
p3 Reverse Charge
41.What is the time of supply of service in case of reverse charge mechanism? _ nit a I
(a) Date of payment as entered in the books of account of the recipient ;
(b) Date immediately following 60 days from the date of issue of invoice
(c) Date of invoice
arlier of (a) and (b)
42. From the following information determine the TOS of agece where goods are taxed on foes
charge basis
:
Date of issue of invoice by the supplier- 30th Nov. 2020
Date of receipt of goods
- 30th Nov. 2020
Date of payment by the recipient - 10th Dec. 2020
Entry_of receipt of services in the recipient's BOA - 12th Dec. 2020
eraonh Nov. 2020 (b) 10th Dec. 2020
(c) 12th Dec. 2020 (d) 30th Dec. 2020 —
43, From the following information determine the reverse charge basis.
Date of completion of service : 30-1-2020
Date of payment by recipient: 15-1-2020
Entry. for receipt of service in recipient’s books: 30-1-2020
(a) Date of Invoice: 30-1-2020 - ._(by Date of payment by recipient: 15-1-2020 «
(c) Either of the above (d) None of the fabove 3
B.4 Associates
44.What
is the time of | rvi
Pee es i i supe ys a Je ee bese Ee associated enterprise receives services from the
(a) Date of entry in the books of account of associated enterprise (recipient)
__(b)'Date of payment
ey Earlier of (a) and (b)
) Date of entry in the books of the supplier of service
. is located in India and W Ltd. located in USA are associated ater
of the shares of W Lid.). W Ltd. provides some technical services tc

emma coe: QUESTIONS
ees
inter-state, Intra-State Supply
———— ‘ 5 5 ter-State Su ly? ony ae
e following is an in pp ; ia
ich of ay of goods located in Delhi and place of supply of goods is to an SEZ Io
up abs
(a) SuP ss of goods located in Delhi and place of supply of goods in Jaipur
| to (uae 5
cE ele of goods located in Delhi and place of supply of goods is fo an SEZ
(c Chandigarh
All the above je on
“Whi the following is an intrastate supply? ee
Biopter of goods located in Delhi and place of supply of goods wae located in Delhi * 7
(b) Supplier of goods located in Delhi and place of supply of goods in Jaipur oe
(cy Supplier of goods located in Delhi and place of supply of goods in Delhi ; oe
@) All the above
; es
3, Which of the following transaction is inter-state supply of goods?
(a) Location of supplier is in Lucknow, UP and location of recipient is in Mumbai.
_(p) Location of supplier is in Lucknow, UP and place of supply is Mumbai
“© Location of supplier and place of supply is Lucknow, UP
(d) None of the above ;
4, Which of the following transaction is inter-state supply of goods involving movement of goods?
(1) Location of supplier is in Bangalore and location of recipient is in Mumbai and goods are
shipped to Kolkata ‘)
&
@
(2) Location of supplier is in Bangalore and place of supply is Mumbai
(3) Location of supplier and place of supply is Bangalore
(4) None of the above . |
ait and 2 (b) 1 and 3 | a
() 2and 3 _ (d)4 ne
5. Supply of goods in the course of import into the territory of India is iq
(2) Intrastate supply (by Inter-State supply
(c) Export
22
(d) Neither Export nor Import
E of Supply of a transaction in territorial waters is
| ) Location of the supplier
Location of the recipient
i €Stal state where the nearest point of the i i aille
L (4) None ~aprabiedd p ihe appropriate baseline is loca !
(b) SGST oil
(d) Both (a) and (b) _
Bi by Int

ed on
vi .
(b) Works contra
~ (d) None of the abov
1 - What is rate of tax of IGST? a
(b) SGST rate
(a) CGST rate obs
CGST + SGST rate (d) VAT rate
12. is levied on imports of goods and services.
(b) CGST ©
, (a) SGST
‘ GST
(d) VAT
13. Import/Export is treated as ____ in GST. :
Inter-state supply
(a) Intra-state supply
‘(c) Non-taxable supply (d) Exempted supply
14. “Inter-State supplies” means
(a) An supply where the locatio
ny supply where the locatio
(c) Any supply where location of the supplie
(d) None of these
15. “Import of services” means the supply of any service, where -
(a) The supplier of service is located outside India
(b) The recipient of service is located in India
(c) The place of supply of service is in India
All of the above
16. Zero rated supply includes
;
n of the supplier and the place of supply are in thes
n of supplier and the place of supply are in the differents
rand place of supply are outside the country
(b) Supply of goods or/and services to a SEZ developer or SEZ Unit i |
(a) Export of goods or/and services
iB
Me
(c) Supply of goods or/and services by a SEZ developer or SEZ Unit 3 ie
oth (a) and (b) a
17. ue supply of goods to SEZ unit is treated as in the hands of the supplier for eligibility |
eee! Supply _ (b) Deemed Taxable Supply i |
(c) Export of Supplies ' (d) Non-taxable supply ae
B. POS of Goods: Within India %
18. Place of supply in case of installation of elevator is
(a) Where the movement of elevator commences from the suppliers place
ae -(b) a re the delivery of elevator is taken
i ere the installation of elevator is m
i ade
(d) Where address of the recipient is mentioned in the invoice
lace of supply of food tak 1
)
ee en on board at Delhi for an aircraft departing from Delhi to
S of the aii j i
© aircraft carrier mentioned on the invoice of the supplier
7

| place ot |
n of theprincipal
place of business of the s
of supply of goods, other than supply of goods |
_ does not involve movement of goods is the
ncation of the supplier me?
cation of the goods at the time of the delivery to the recipient
x ) Location of the goods at the time of purchase order on Mae
i ion of the recipient
F ot supp of goods, other than supply of goods imported into, or exported
2" ere the goods are assembled or installed is the Pe .
(a) Location of the agent of the recipient (b) Location of the recipient — a
i) Location of the supplier (0) Place of the such assembly or installation . :
Place of supply of goods, other than supply of goods imported into, or exported from India,
“where the goods are supplied on board a conveyance such as vessel, an aircraft, a train or
motor vehicle is the
(a) Location of the recipient
(b) Location of the supplier
ocation at which such goods are taken on board
(d) None of the above ; ) |
95.Where will be the place of supply when the goods are supplied on the direction of the third
§
}
(a) Location of the supplier (b) Location of the recipient
(cy Location of the third party (d) Any of the above
26. Where will be the place of supply of goods supplied in a train which is heading towards Delhi
from Chennai, if the goods are taken on board at Coimbatore?
(a) Delhi (b) Chennai
_{c) Coimbatore (d) None of the above:
97.In case of any ambiguity where the place of supply cannot be determined as provided in IGST
Act, 2016 who will determine place of supply?
(a) Central Government or State Government on the recommendation of the Council |
(b) Central Government and State Government on the recommendation of the Council |
JAeyIn a manner as may be prescribed cq |
(d) Central Government
C. POS: Imports / Exports
28. The place of supply of goods imported into India shall be the
fa) Location of the importer (b) Location of the exporter
(c) Location of the agent of exporter (d) None of the above
29. The place of supply of goods exported from India shall be the
(a) Location of the importer (b) Location of the exporter
(c) Location of the agent of exporter (ay Location outside India
2 POS : Services Y
#.Real estate agent in Delhi charges brokerage fee to Company A located in Cha
assistance in getting a commercial property in Kolkata. Which is the place « ply intl
(a) Delhi (b) Chandigarh
Jey Kolkata (d) None
of the above
atis
the place of supply of service where arestaurant provides g

Nature and Place of Supply [S. 7-13 : IGST Act] 197 |
44.Place of supply of services in relation to mobile connection for pre-paid customers other than
through internet banking shall be the
Location where such prepayment is received as such vouchers are sold
(b) Location of the supplier of service
(c) Location of the recipient of service
(d) Any of the above
45. The place of supply of passenger transportation services to a person other than a registered
person, shall be the
(a) Location of the supplier of service
(py Place where the passenger embarks on the conveyance for a continuous journey
(c) Place of destination of the journey
(d) Any of the above
46. The place of supply of services on board a conveyance, including a vessel, an alee a train or
a motor vehicle shall be the
(a) Location of the supplier of service
(b) Place where the passenger embarks on the conveyance for a continuous journey
(ey Location of the first scheduled point of departure of that conveyance for the journey
(d) Place of destination of journey
47. The place of supply of insurance services to a registered person, shall be the
(a) Location of the supplier
yfocation of the recipient F Oe
(c) Location where the services are performed ' aia
(d) Any of the above eo c

«RW ekenoe kc
A. TRANSACTION VALUE [S. 15(1)]
or 1. The value of supply of goods and services shall be the
ae ransaction value (b) MRP
a (c) Market Value (d) None of above
2. Thev lue of supply of goods and services shall be the
ransaction value (b) Retail sale price
(c) Wholesale price (d) None of above ide
3. Whencan the transaction value be rejected for computation of value of supply
(a) When the buyer and seller are related and price is not the sole consideration
a the buyer and seller are related or price is not the sole consideration
(c) It can never be rejected
(d) When the goods are sold at very low margins 7s
. If the goods are supplied to related persons then how should the taxable bers ascertal nthe
value of supplies?
(a) Seek the help of the GST officer
(b) Use the arm’s length price as required under the Income Tax law
(cy Refer the Rules which prescribed for this purpose
None of the above
ns shall be deemed to be “related persons’ if any person directly or indire
: Or more of the outstanding voting stock or shares of both of th
(b) 26%
(8) 0%

ed payment of a
veidies directly linked to the price eRumefl adel
ment
pest Ngo
f the above 1a TE ae
af the following shall not be included in value of supply? ia
(b) Intereat”? | 2 eae a4
“) Late fee
(d)Commission = yee!
one value of taxable supply should not include - * aaa
Taxes levied under SGST Act, 2017
| taxes levied under CGST Act, 2017 .
“ig Taxes levied under GST Compensation Cess Act, 2017 ren z
(All of the above
| abi
interest OF late fee or penalty for delayed payment of any consideration for any supply
(a) Shall be excluded from the value of taxable supply
(9 te eae gr
hall be in
sa : eae
cluded from the value of taxable supply
*(¢) Shall re quire no adjustment
(a) can be included or excluded from the value of the taxable supply
4, subsidi
;
es provided by the Central / State Govt.
nt FG ee
ay Shall be excluded from the value of taxable supply
“(p) Shall be included fro
; ‘
m the value of taxable supply |
(c) Shall require no adjustment
a
(d) Can be included or excluded from the value of the taxable supply ag ee i
‘2.The value of supply should include - ’
(a) Incidental expenses, including commission and packing, charged by the supplier to the
| recipient of a supply
ie
‘
- (p) Interest, late fee or pen
(c) Subsidies directly linke
_ Government
_ [All of the above
4,From the following informati
ration for any supply
alty for delayed payment of any conside
d by the Central and State
d to the price except subsidies provide
on determine the value of taxable supply as perprovisions of Section
15 ofthe CGST Act, 2017? - : pie
Contracted value of supply of goods (including GST @ 18%) 11,80,000
The contracted value of supply includes the following:
te
(1) Cost of primary packing
25,000
2) Cost of protective packing at recipient's request for safe transportation 15,000
,
ee
(b) 11,80,000
-(d) 11,40,000
ue of taxable supply as perprovisions 0
agent by recipient on instruction

y i
(a) such discount is given as per the agreement entere
(b) such discount is linked to the relevant invoices
(c) proportionate input tax credit is reversed by the recipient of etbply "
all of the above
17.When deductions are allowed from the Transaction Value?
iscount offered to customers subject to conditions
(b) Freight charges
c) Incidental expenses
© Amount paid by customer on behalf of the supplier.
18. Determine the value of taxable supply as per Section 15 of the CGST Act: 2017
Contracted sale price of goods (including CGST and SGST @5%) ;
The contracted sale price includes the following elements of cost:
(i) Cost of drawings and design -
(ii) Cost of primary packing
(iii) Cost of packing at buyer's request
(iv) Fright and insurance from ‘place of removal’ to buyer's premises
A discount of 6,000 was given by the supplier at the time of supply of goods. CGST and (
levied @ 5%. 5
(a) 10,56,000 (b) 10,50,000
6 col000 (d) 11,10,000
D. RULES .
96
a
Rule 27
19. What shall be the value of supply of goods / services where the consideration is not wal | 8
money ? |
(a) Be the open market value of etch supply : |
||
(b) Sum total of consideration in money and any such further amount in money as is equivalent
to the consideration not in money, if such amount is known at the time of supply 2
(c) value of supply of goods or services or both of like kind and quality
bes of the above
20.What does goods or services of like kind and quality means ?
(a) The supply that resembles similar characteristics
(b) Supply resembling similar functional components
(c) Supply of similar quality and quantity
arniiot the above
21.What are the conditions prescribed for deduction of discount from the value of taxable a | q
when made after supply ?
-(a) Discount allowed is linked to the relevant invoices
versal of proportionate ITC by the recipient of supply
-(c) The discount is given as Per agreement entered into at or before such supply i
All of the above
at will be the value of Supply ifGiriyas supply Sony television set for = 85000, |
of an old TV and if the Price of the Sony television set without exch ge
rket value of the Sony cnet Fe
ei _ i : Ne
ies

ae
of the GST officer Se om
rm’s length price as required under the
rices at which goods are sold by the
e CGST Rules
ee ;
e related persons then the
scribed in this behalf
r under the GST law
ds are sold by the unrelated persor
¢
ds are sold by the supplier to the
000 Hero ink pens worth = 4,00,(
is an employee in Lekhana |
plier additionally ¢
ue of such SUPPIY ¥
ine
‘ag the rules which are pre
v
ffice
ith help of the proper 0
} oe ntifying the prices at which goo
: B identifying the prices at which goo
in Nashik purchases 10,
ted in Mumbai. Mr. Mohan’s wife i
96, MI-
> ynolesale
)
whol ¢each Hero pen in the open market is < 52. The suP
ing the goods to the recipient's place of business. The val
(d) & 4,05,000
ods or services or both between distinct
CGST Act, 2017 or where the supplier and recipient are
made through an agent, shall be determined under CGS
00,000
a
ue of the supply of go
persons as
Sec. 25(4) or Sec. 25(4) of the
other than where the supply is
by.
.
:
(a) Rule 27
_ (b) Rule 28
i
(c) Rule 29
(d) Rule 30 i ott 008 tam
97, ABC Ltd. 4
for business purposes to XYZ Ltd. one of its subsidiaries |
having ope
e. What shall be the valuation of such supply for the
purposes 0
ee ;
5 lakhs
; “
(b) Shall not be co
(c) At the option of appropriat
28,Mr. Amakes supply ©
to further supply such shoes to his cus
3,000. In such case, what shall be the va
(a) ¥ 60,000 or = 54,000
(b) ¥ 3,000
(ec) % 2,700
:
or (c) depending on the option of the supplier ;
f the product|
Ba selling a product to A for 240,000. Open market value ©
em are related parties. Further, Ais eligible to claim the ITC on the produ
value of supply in this case 2
40,000
(b) @ 72,000 a
(d) None ofthe above |
28,000
at shall be the value of a su
i e bet
hei :
pply, where the supply Is made between
ne of Z 1,00,000 which is half of the market value of such st
10 has procured such goods is able to claim full ITC of th
alue of such supply ie.%2,00,000
holding company gave its car
n market value of Z 5 lakhs for fre
¢ calculation of taxes ?
j
4 i ‘et a
nsidered as is executed between related parties ‘a
“igi Ae
e authority
;
ane al
£30 shoes to Mr. B. oth are related persons. Mr. B as such inte
tomers for < 3,000. Open market value of such shoe
jue of supply pet shoes ?

Indirect Taxes- I (GS:
242
32. Mr. C sold a product for € 90,000 to Mr. ues oe oe Ee Cae
bein ‘i 50,00 _ Mr. X'S r. C. Determi
ng SOR ee ae Our ‘GST considering the fact that Mr. X cannot take
supply for the purpose of levy of
taxes paid.
(a) ¥ 90,000
(b) ¥ 96,000
)-1,50 000
A pee
. B. Open market value of such supply is = 60; ‘ig @
33.
A Ltd. sold a product for £34,000 to Mr. B.
f
is selling the sane like kind of product tohis Saal is x noe Mr. B holds 20% shad i
Ltd. Determine the value of supply for the purpos y ete
1A | i"
(a) = 34,000
va uw
(b) = 54,000
a
se : on the option of Mr. A ,
i
peu Kamataka furnishes following information : . , i (¢
(i) 10 MT of inputs stock transferred to branch located in Chennai, Tamil Nadu on 10th i r
90XXx. Transfer value of the inputs shown In the invoice of € 10,000.
|
lied to customer located in Chennai at % 12,500 on 10th April, 20xx | at
% ¢
(ii) 5 MT of inputs SUPP
if
#1 MT of input is = 750.
vf
(c) = 60,000 ;
(c), depending
(iii) Cost of production ©
(iv) Chennai branch is eligible for full input tax credit.
The value of the inputs stock transferred to Chennai Branch Is
} ‘
_ fay= 10,000
(b) = 25,000
hi
(c) % 8,250
(d) 12,500
Os 0
Rule 30
of supply of goods or services or both based | 4.
:
35. Rule 30 of the CGST Rules inter alia provides value
oncost shall be ____% of cost of production or manufacture or
goods or the cost of provision of such services
the cost of acquisition ofsuch | ¢
(a) 100, . (b) 10
Rule 31
4 |
36.As per Rule 31 of the CGST Rules, residual method for determination of value of supply of ((
goods or services or both will apply when:
_ say Value of supply cannot be determined under Rules 27 to 30
(b) Value of supply determined is more than the open market value of goods b
(c) Value of supply determined is more than the Value of supply of like kind and quality Rul
(d) All of the above
14
| .
p
Rule 31A
37. What shall be the value of supply in case of lotte be
ry run by the state overnment ? |
(a) 100/112 of the face value of ticket pl
_(b) Price as notified in the official gazette by the organising state
ote of the face value of ticket iY
40/1
nisi |
‘ 0/112 of the face value of ticket or price as notified in the official gazette by the organising |
(|
state, whichever is higher
Rule 32
38. What shall i
eet pad bauthe amnlicable rate of exchange for the determination of the value of taxa
r both in case of any valuation under foreign supply ?
a
( aed fe ree rate as on the date of agreement to supply
ate as on the date of time of su I
a Any of the two at the option of Proper Officer qe
39.Mr.
A, a second h
: ’ and car deal rchas
the same ler purchased a second h ; F
; } to Suresh Ltd. for ¥ 3,50,000. Determine aieat an 3.00 ae
ble} 1. y
im «(NN

op supply 1S: 15) | m3
: (a) 3,00,000
(b) % 3,50,000
ig 0,000
(d) None of the abov a
e A ae
aM jis an au Hei ovine He collected % 50,000 (Basic fare for domes yi,
z 1,00,000 ( asic fare for International Booking). What shall be the val omestic booking) and
3
ue of supply under this
(a) © 25 500
(b) = 10,000
faye 12,500
‘what shall be the value of supply in case of Life Insurance Business services ?
a The gross premium charged from a policy holder reduced by the ang
investment, or savings on behalf of the policy holder
Ourt aliseaten ir
p) In case of single premium annuity policies, 10% of single premium charged from the poli
: icy
(0)
holder
{c) 25% of the premium charged from the policy holder in the first year an
charged from the policy holder in subsequent years
“Any of the above options
49, ABC Private Ltd. being a registered person under GST purchased 2,000 USD from X :
,
YZ
rate of < 70 per USD. RBI reference rate as on the date was 70.50. What shall be the aoe
d 12.5% of the premium —
such suPPIY 2
(aye 1,000
(b) = 1,500
(c)% 2,000
43, ABC Pvt. Ltd. being a registered person under GST sold 20,000 USD to XYZ at the rate of = 70
per USD. RBI reference rate ig not available. What shall be the value of such supply ?
(a) Z 1,300
(by < 1,400
(c) & 1,500
oo would be the value of supply in case of exchange of currency from or to Indian Rupees
)?
(a) 1% of the gross amount of Indian Rupees provided or received by the person changing the
the money would have received by
person changing e rate
to Indian Rupee
money
(b) 1% of the lesser of the two amounts the
converting any of the two currencies in
provided by RBI.
(c) Difference in the buyin
ty of the currency
Any of the above
Rule 33
s on that day at the referenc
e RBI reference rate multiplied by the total
g rate / selling rate and th
g any expenditure incurred by 4 supplier as a
or excludin
hen he makes the pa
45,What are the conditions to be satisfied f
pure agent of the recipient of supply under valuation ?
recipient of the supply, W
(a) The supplier acts as 2 pur
to the third party on authorization by such recipient 2
/ -(b) The payment made by the pure agenton behalf of the recipient of supply has bee
i
by the pure agent to the recipient of service
_ indicated in the invoice issued
t from the third party as a pure
cured by the pure agen
Pp
rvice he supplies on his own acco
:
i ;
Lo ung
ent —
he supplies pro
supply are in addition to the se
e above it
—— TS aie i

supplier
vy taxable person
Registered pers
ithe above |
‘ce must be issued
the time of removal of goods
nsfer of risks and rewards of the
on not paying tax under compo ae
goods to the recipient
: Bi receipt of payment for the supply
one of the above
se of oods sent on sale on approval basis, invoice has to be issued
ia) While sending the goods; another Invoice has to be issued by the recipient
the goods
(bp) When the recipient accepts the goods or ten. months from the date of supply
w
earlier
;
ar,
cepts the goods or six months from the date of supply whic
prinen the recipient ac
earlier
d) When the recipient accepts the goods or three months from
earlier
sent or taken on approval f
4, Where the goods being
supply takes place, the invoice shall be issued Toe
‘(b) 6 months from the date of removal
(a) bef re/at the time of supply
ariier of (a) or (b)
(d) none of the above
5, GST a dealer has sent ST, another dealer, for Sales on Approval Basi
absence of any confirma nths, itwill be treated aS oe
(a) Sales Return i (by Deemed Supply of Goods ~" = iia
(c) Purchase return
(d) None of the Above : dhe
4 Supply of Services has ceased under a contract before the completion of supply: es a
ee has to be issued within 30 days from the date of cessation wa
voice has to be issued at the time of cessation to the extent of the supply el ecte
(0) Invoice has to be issuedfor the full value of the contract after deducting a percentage
:
wt Se
| __ as prescribed
| (d)None of the above : ‘
‘The tax invoice should be issued ——— the date of supply of service.
(b) Within 2 months from —
Sle
the date of supply which
or sale or return are removed before the
" * Pa ie Re
ee
Tha © F
some goods to ©
tion even after 6 mo
ont

Fepriinuoun eueply of services, where du
itract, invoice shall be issued 1 a
re or at the time when the supplier of service receives
(b) on or before the due date of payment
(c) either (a) or (b)
(d) none of the above . a |
12.Minimum Service periods required to constitute a continuous supply of se
rent |
too eding 6 months (b) 6 months
xceeding 3 months (d) 3 months sales
-13.Law permits collection of tax on supplies effected prior to registration, but afte
registration
, i
(a) Yes, but only on intra-State supplies, if the revised invoice is raised within one mont
(b) Yes, but only on intra-State supplies effected to unregistered persons, if the
is-raised within one month
or. on all supplies, if the revised invoice is raised within one month ;
(d) No, tax can be collected only on supplies effected after registration is granted —
14.A bill_of supply can be issued in case of inter-State and intra-State :
a supplies (b) Supplies to unregistered persons
(c) Both of above (d) None of the above :
15.An acknowledgement must be given on receipt of advance payment in respect of
goods or services : :
(a) Yes, in the form of a proforma invoice
er as a receipt voucher
(c) Yes, the invoice must be raised to that extent
16.A continuous supply of goods requires one of the following as a must
(a) The goods must be notified
by the Commissioner in this behalf
(b) The contract for supply lasts for a minimum period of 3 months
_ {c) The supply is made by means of a wire, cable, pipeline or other conduit
Supplier invoices the recipient on a regular or periodic basis
17. The recipient must issue an invoice in the following cases :
(a) The supplier fails to issue an invoice
(b) The supplier is unregistered
hes goods or services received are notified for tax on reverse charge basis
oth (b) & (c) ;
ie es ee need not be raised if the supplier is an unregistered person. —
f plent is required to issue an invoice in that case
(b) True, if the unregistered Person does not required it
(c) False, a payment voucher is the onl -
A Y document to evidence the supply —
; sv Fate Payment voucher should be issued in addition to raising ae

,whi
jon ¢ y
applied for registration within prescribed time
Re ner collect tax nor claim input tax credit erg
ue ‘revised invoice’ and collect tax within 1 month of date’ i
A registration, subject to conditions oe
a All of the above Re
(0) Al
4 name of the State of recipient along with State cade is required on
o, | ~ a) Supplies are made to unregistered persons ale
om (a upplies are made to unregistered persons where the value of supply is 7 50,00
oO inter-state supplies are made to unregistered persons where the value of acon
or more i
4) Supplies are made to registered persons
} 2 acredit note is issued by and it is a document accepted for GST Purposes.
dig | ~/4¥Supplier, for reducing the tax/ taxable value
) Recipient, for reducing the tax/ taxable value
(c) Supplier, for increasing the tax/ taxable value
(d) Recipient, for increasing the tax/ taxable value
for | 9,Foran increase in the tax/ taxable value, a debit note for GST purposes
i 9 ,
ally collect tax till his registration is
the invoic
Be
HOLE
Syl
i
should be issued by the supplier _ (b) should be issued by the recipient
| (c) may be issued by the supplier (d) may be issued by the recipient
Ce 24, The seceipt voucher must contain
(a) Details of goods or services ‘(b) Invoice reference
| (c) Full value of supply (d) None of the above ‘
| 95, shall accompany transport of goods when e-way bill is not required. :
(a) Delivery Challan (b) Tax Invoice
(c) Bill of Supply (d} (b) or (c)
26.Duplicate Delivery Challan shall be for
of | (a) Consignee (b) Transporter
(c) Consigner (d) Job worker :
| 27,Which documents is to be issued by the consignor instead of tax invoice for transportation of
goods for job work?
(a) E-way bill (by Delivery Challan
| (c) Debit Note (d) Receipt Voucher
| 28.Bill of Supply is issued by the registered person
| (@) Paying tax under composition scheme —_(b) Supplying exempted goods or services or both
Lore (a) and (b) - (d) None of the above
4.Which documents are’ required to send goods from branch office in one State to head office in
co State?
| Tax invoice and e way bill (b) Receipt Voucher and e way bill
| , (¢) Payment Voucher and e way bill (d) All of the above
Mls. Rajdhani (P) Ltd., registered in Delhi, wishes to transfer the taxable goods to one of its|
Susiness vertical having same PAN and registered within same State. Which documents
_ Ssued by the Company in this situation?
(8) Delivery Challan _(by Tax Invoice
¢) Bill of Supply ~. (d) Invoice-cum-bill of supply—
ase of supply of services, the tax Seg prepared in th
igi ’ wo copies
(d) Four copies—

mount should not be separately sho flict
( me of the above “a hene
cum Bill of Supply may be issuedby registered person )
Supplying taxable as well as exempted goods and / or services sta
MH; "(b) Supplying taxable-goods and exempted services yet SRE
HY (c) Supplying taxable services and exempted goods
(d) Supplying taxable as well as exemmpted services
35. Revised invoice is an invoice which is issued against the rwolee already issu
(a) During the period beginning with the date of application till the effective date of re
uring the period beginning with the effective date of eet till the date
registration certificate
(c) During the period beginning with the date of application till the date of eevee ofreg
certificate
(d) During the whole period prior to registration:
36. Goods may be transported without issue of invoice in case of
(a) Supply of liquid gas where the quantity at the me of removal from the place of business. f the
supplier is not known j
(b) Transportation of goods for job work
i
(c) Transportation of goods for reasons other than by way of supply. ovat
}
| _(ayAll of the above
. 37, HSN Code is code.
, a
_@s ‘digit (b) 6 digit oh
: “(¢) 2 digit
_(d) 10 digit : 2
Fi 38.HSN upto —_—— should be provided in quarterly return in proposed return echene! ap |
(a) 4 digits __(b) 4 digits or more Fi
(c) 2 digits (d) 0 digit (no HSN required)
in case of taxable supply of goods and in (i)
_in
39. Invoice shall be prepared in (i)
case of taxable supply of services.
(i) Triplicate, (ii) Duplicate _.{b) (i) Duplicate, (ii) Triplicate
(c) (i) Duplicate, (ii) Duplicate . (d) None of the’ above
40. The serial number of invoices issued during a tax period shall be furnished in
GSTR-1 (b) GSTR-3B
(c) GSTR-2 (d) All of the above ui
41. Is it mandatory to start a fresh series of invoice in every financial year?- iit .
Yes (b)No ic ae
(c) Totally at the option of supplier (d) None of the above - ’
42.A registered taxable person shall, on receipt of advance payment w.rt. any SUPPIYH isu
(a) Debit note _ _» (b) Credit note
fe. pee erin voucher ' (d) Tax invoice
cs. to indicate the word “Revised invoice” on revised tax invoice ?
(ayes - (b) No vig
(c) Yes, butif the value exceeds = 5,000 (d) Yes, but if the value exe z 5 I
ee artist took the painting from his gallery on basis of :
t sale.There he issued toa customer while eee his art wo

i pntation
ased after renegotiations, the supplier should issue
(b) Debit note without GST a
~~ ices are
Hm credit note with GST
|
(a) ait nore without gst. ct ent GST
0 gis issued when a
s found to exceed the taxable value or tax payable
urned by the recipient
|, cred! i
rag Tax invoice I
d to be deficient
) Goods supplied are ret
goods oF services supplied are foun
of the above
ade a supply in April, 202
note is to be reflected?
april, 2020
(by May 2020
By 10th April, 2020
rabhai Private Ltd. commenced business of supply of goods on 1s
ed the prescribed limit of ATO on 3rd September. Thus it beca
It applied for registration on 9th September and granted regist
on sth ctober. What is requirement of revised invoice
may issue Revised Tax Invoices in respect of taxable supplies affected between 3rd September
and 5th October.
b) may issue Revised Tax Invoices in respect of taxable supplies effected between 1st Apriland —
(b)
5th October.
(c) may issue Revised Tax Invoices in respec
September and 5th October.
50.A separate ‘Bill of Suppl
than 200
nless the r
(b) In every case
() Unless required by law .
a. Rate of Tax and Nature of supply, if not determinable at time of advance
8%, inter-state
_ (b) 28%, intra-state
ie 22
: (c) 18%, intra-state (d) 28%, inter-state ff
— shall accompany transport of goods when e-way bill is not required.
ie Challan
(b) Tax Invoice
%8.Delivery Salen shall be Here) i
prepared in
(@) Duplicate
; riplicate
¢) Original only (d) (a) or (b), depends on consignor
(4) None of the above
0. The party returned the goods
Ahad me
iets the credit
t April in Delhi. Its {umover’
me liable to registration on
ration certificate —
t of taxable supplies effected between 29th
e of the goods or services supplied is less
y’ is not necessary if the valu
ecipient demands for sucha bill

eee QUESTIONS
1. Whether definition of Inputs includes capital goods._
(a) Yes. _(PYNo
(c) Certain capital goods only “(d) None of the above 4
2. Is it mandatory to capitalize the capital goods in books of Accounts? - ae
ay Yes (b) No a
(c) Optional (d) None of the above
3 Pee credit on capital goods can be taken immediately on receipt of the go
(b) No
(c) After usage of such capi ,
pital goods (d) After capitalizing i '
i : apitali
_ 4. The term “used in the course or furtherance of Meee ot na
(a) It should be directly Co-related to output supply pees
(b) IH4S planned to use in the course of business

Bopper he
has deposited the taxes but the receiver he
entitled to avail credit? ver
s it will be auto populated in recipient monthly returns ee
as one of the conditions of 16(2) is not fulfilled ; i Oe
=) Yes, if the receiver can prove later that So eias are received subseq
j3) None of the above at
me on capital uses and Inputs can be availed in one installment or in. multiple ’
,) In thirty-six installments ‘(b) In twelve installments
; one installment (d) In six installments
, The tax paying documents in section 16(2) is
ill of entry, Invoice raised on RCM supplies, etc.
1) Acknowledged copy of tax paid to department : =: z
(c) Supply invoice by the recipient s
_ (d) Any of the above
Te The time limit to pay the value of suppttnewith taxes to avail the input tax credit?
j (a) Three months . (b) Six Months
a hundred and eighty days (d) Till the date of filing of Annual Return
41. What is the time limit for taking input tax credit by a registered taxable person?
(a) No time limit
(b) 1 year from the date of invoice
(c) Due date of furnishing of the return under section 39 for the month ofSeptember following
the.end of financial year to which such invoice or invoice relating to such debit note pertains
ue date of furnishing of the return under section 39 for the month of September following
the end of financial year to which such invoice or invoice relating to such debit note pertains
a or furnishing of the relevant annual retum, whichever is earlier
4 / 12.Can the recipient avail the Input tax credit for the part payment of the amount to the Supplier
within one hundred and eighty days?
- (a) Yes, on full tax amount and partly value amount
(0) No, he can’t until full amount is paid to supplier
__{y"Yes, but proportionately to the extent of value and tax paid
_ (¢) None of the above
18.Whether credit can be availed without actual receipt of goods where goods are transferred
_ through transfer of document of title before or during the movement of goods?
(a) Yes
eyes, in specific instances
Can be availed only after transfer of document of title after movement of goods—
ether depreciation on tax component of capital goods and Plant and Masui _ :
it tax credit is Permissible? "

So

es used for
ion of goods
ting training on driving
yr vehicles on its
for making outw
d for making outward su
ing outward sale of such n

if Pvt. Ltd. is engaged in ARR chocolates. Th
chocolates to its employees. Can the company claim IT!
such gifts ?
(a) Yes see Loy
ilo
(c) May be (d) Company's discretion
39.ITC shall be allowed in which of the following options 2 .
(i) Excavators _ (ii) Road rollers me
(iii) Tippers (iv) Dumpers: yall
Tick the correct option. , oa “eal e!
(a) (i) and _(ii) t toy tip and (iv) apes
(c) (i), (ii) and (iii) (d) (i), (ii), (iii) and (iv) al
40. ITC in respect to pipelines laid outside the factory and towers fixed to earth by foundation or j
structural support including foundation and Structural support are foe the ITC. wn
(a) Eligible Ore @)
Not eligible ne a)
(c) Eligible, with permission of Jurisdictional Creer § ei ¢)
(d) None of the above ; w
41. Situations : noes
(i) Health insurance of factory employees (not notified by Government) a “ (Fo!
(ii) Composite service used for installation of plant and machinery a3 ext
(iii) Purchase of car used by director for the business meetings only fa)
Comment on the eligibility of the credit in below mentioned cases.
Not eligible, eligible, not eligible (b) Not eligible, not eligible, not eligible (b)
(c) Eligible, not eligible and not eligible (d) Eligible, eligible and not eligible >
42. Inputs are procured by Mr. A for his business and the same are being utilised in manufacturing ce)
of exempted as well as taxable goods. What should be followed ? (a)
(a) Full ITC to be claimed | (b) Proportionate ITC to be claimed {Ba
Be ie 42 should be applied (d) Rule 43 should be applied eX
43. Mr. Z trades in certain items which are exempt and supplies certain items to SEZ which are zero- (a)
rated. He wants to understand which of the following will be included in computation of taxable ()
su Ss for purpose of availing input tax credit ? ie
46 Zev rated supplies (b) Exempt supplies -
(c) Both i.e., Zero-rated and exempt supplies (d) None of the above
- 44.Mr. Jolly, lawyer is registered in Delhi. He has income of % 32,00,000 from legal services. Also,
he has given a commercial land on rent for which he is charging < 5,00,000 per month. He has~ 0
also extended loan of 1 crore for which he received interest amounting to ¥ 12,00,000 annually. “hy
What will be the value of exempt supp tsfor the purpose of reversal of input tax credit tunderr
rule In}
422 . a
(a) % 44,00,000 (b) ¥ 12,00,000
32 ,00 000 (d) ¥ 60,00, 000°
“from the following details
:
(i) pene os alcoholic liquor ot human eaaarmptont = t :50, 000

wu
aa
pt Tax Credit and Computation of GST [S. 16-18]
337
“credit of ITC may be availed for ma
supply"~-Comment. king Zero-rated supplies, even if such supply is an exempted
Correct
r Partially correct i cease
. er One of the above
7,(i) A software professional provid i
7. Bioyed: Providing technical consultancy buys a motorcycle for use of his
(ii) A motor driving school buys a car for bei
(ii) A flying school imports an aircratt for
(iv)A manufactured buys a small truck porting its ij
goods. ck for the purpose of transporting its inputs and finished
input tax credit cannot be taken on :
Eo ~— (b) (i), (ii), Gi), (iv)
oy } (d) (i), (ii)
4g.Kamlesh hires a works contractor for repairing his factory building on a lumpsum payment of
< 11,80,000. He debits half of the expenditure in the profit and loss account and the remaining
half in aL building account. Assuming the rate of GST to be 18%, Kamlesh can take input tax
credit of
(a) 90,000 (b) % 1,06,200
(c) ¥ 2,12,400 (d) Nil
49. Input Tax Credit is available on all supplies which are used or intended to be used in the course
or furtherance of business. Input tax credit will be available under which of the following situations?
(a) GST paid on motor vehicle used in the course and furtherance of business. .
(b) GST paid on club membership fees.
(c) GST-paid on goods or services or both used for personnel consumption. -
(SIGST @ 18% paid on inputs purchased from a vendor in Bangalore where the supplier is
registered in Rajasthan.
90. For banking companies using inputs and input services partly for taxable supplies and partly for
exempt supplies, which of the statement is true ?
(a) ITC shall be compulsorily restricted to credit attributable to taxable supplies including zero-
rated supplies. a
(b) 50% of eligible ITC on inputs, capital goods, and input service shall be mandatorily taken in.
a menth and the rest shall lapse. ‘
: (c) Banking company can choose to exercise either option (a) or option (b)
_ (d) None of the above , eee
51.Bank on 1st April 2020 has a credit of = 150,000. It during the month of April supplied certain —
&xempted services and some taxable Le ee is the eligible amount of credit? =
(a) 1,50,000 75,000
(c) '4,00,000 (d) None of the above
Use in its training activity.

ery.
Sperone
ggragate tumover of 20, lakh is calculate
regate value of all taxable supplies (excluding thevalue of in
and interstate supplies of a person Sere for each state Cae
lies of a person having same PAN computed for each state separately.
pe value of all taxable supplies (excluding the value of inward supplies on which la
is payable by a person on reverse charge basis), exempt supplies, export of goods/services
and interstate supplies ofa person having same PAN computed on all India basis and excluding
taxes if any charged under CGST Act, SGST Act and IGST Act. . %
2. Whether all persons are mandatorily required to obtain registration?
(a) Yes
(b) Not required if he is an agriculturist or person exclusively engaged in supplying exempt
oko n or services, if specified threshold limit does not exceed in a financial year.
Not required if he is an agriculturist or "person exclusively engaged in supplying exempt
goods or services.
(d):No, only if specified threshold exceeds in a financial year then only need ic obtain.
3. Which one of the following is true?
_fa A person can’t collect tax unless he is registered.
=“(b) Registered person not liable to collect tax till his aggregate turnover exceeds & 20 lakhs /
% 10 Lakhs as the case may be.
(c) A person can collect the tax during the period of his provisional registration.
(d) Both (a) and (b) are correct.
4. Which of the following forms are used for registration?
(a) Form GSTR-1 (b) Form GSTAPL-01
(ey Form GST REG-01 (d) Form GST RFD-01
5. Within how many days a person should apply for registration?
(a) Within 60 days from the date he becomes liable for registration.
,_(b) Within 30 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.
6. A person having business verticals in a State obtain a separate registration for
each business vertical. :
(a) Single, shall : (b) Multiple, shall
__{e)Multiple, may (d) Single, May
7. Which one of following statements is correct?
(a) Voluntary registration is not possible under GST.
(b) Voluntarily registered person not liable to comply with all the provisions of the GST.
person may get himself registered voluntarily and shall comply i all the Proves of
GST.
(d) None of the above.
8. PAN issued under the Income Tax Act is mandatory for grant of registration.
(a) ILis one of the documents listed. ie
Yes, but non-resident taxable person may be granted registration on the basis of any other
document. ;
(c) ee value of all taxable intrastate supplies, export of goods/services and exempt ;
Wy
b)
()
(a)
oe
prio
)
()
{ay
Wh
i
i

F dy Ae is required to resister ifheis liable to co
exceeds the threshold limit . ad
»,What is the validity of the registration certificate?
@) One-year ai (b) No validity
aiid till it is cancelled f ' (d) Five years
4, What is the validity of the registration certificate issued to casual taxable es
~ taxable person?
(a) 90 days from the effective date of registration
se) Period specified in the application for registration
arliest of (a) or (b) above ;
‘o) 180 days from the effective date of registration = a a Cane
2 When can a voluntarily registration be cancelled? : 7 oa ae
(a) If the person does not start business within six 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 six months or for three consecutive taxperiod
in case of composite dealer.. tr
‘All of the above
{3.What-are the consequences of obtaining registration by Arise peSen ee
Liable to cancellation of registration by proper officer.
(b) Liable to a fine not exceeding = 10,00,000/-
(c) Imprisonment for a period of 6 months to 3 years.
(d):Both (b) and (c) :
14.Does cancellation of registration under CGST affect the liability Oe SGST/IGST for period
prior to cancellation of registration?
(a) Cancellation of registration will immune his liability under CGST only.- /
(b) Cancellation of registration will immune his liability under IGST only. : : m
(c) Cancellation of registration will immune his Habily under geo and CGST but net under
IG
| nee does not affect the liability of taxable person to pay tax and other dues under:
CGST/SGST/IGST Act.
15.Within how many days an application for revocation of cancellation of registration can be made?
(a) Within 7 days from the date of service of the cancellation order.. ?
(b) Within 15 days from the date of issue of the cancellation order. 2 ie eb a
= en 45 days from the date of issue of the cancellation order. i
ithin 30 days from the date of service of the cancellation order.
6 Which of the following statements are correct?
_ ()) Revocation of cancellation of registration under CGST/SGST Act shall b
__ févocation of cancellation of registration under SGST/CGST Act.
(ii) Cancellation of registration under CGST/SGST Act shall be dee
eater under SGST/CGST Act. a

inregistered parsons can apply sft Se linn: ond
Specialized agencyof the UNO orany multilateral financiali stitutio
~ of foreign countries. = pi Sia oe
@ ere ei ctivabie's Bee : a his certificate of reg istration in a prominent
xable person shall display his certificate of reg!
aa Seek bal a at ave) other place sibusitees also GSTIN euall be sepa eg ont ie
board at the entry of such places.
(a) No, certificate of registration to be displayed only at a registered Blace oHbusiness an ;
GSTIN need not be displayed on the name board. !
es, above statement is correct.
(c) No, GSTIN to be displayed only on the invoices.
(d) Above statements correct subject to certificate ofreget etion to be displayed only at registered
place of business.
21.Under what circumstances physical verification of business pemeee is mandatory?
‘ay Physical verification of business premises is a discretionary power of proper officer.
| (b) If additional information for eo eee asked by the proper officer is not submitted within
hey specified time.
(c) If certificate of registration is obtained on misrepresentation of facts.
(d) If photograph of the business premise is not uploaded inthe common portal within specified
time.
22. Business which has centralized registration under erstwhile Act
(a) Shall obtain a centralized registration under GST Law
all obtain separate registration in each state. from where it is making taxable Sue
“) Shall obtain registration on temporary basis
~ (d) No need to apply for registration under GST
23.Who will take registration on services in relation to transportation of goods (including used
household for personal use) if, GTA avails ITC on supplies made by him
fay GTA, forward chatge (b) GTA, RCM
5) Service receiver, forward charge (d) Service receiver, RCM
24. Which one of the following is true?
@YA person can’t collect tax unless he is registered.
“(b) Registered person not liable to collect tax till his aggregate turnover exceeds € 20 lakhs/ 10
lakhs as the case may be.
(c) A person can collect the tax during the period of his provisional registration.
-(d) None of the above
25.An E-commerce operator should get registered irrespective of his threshold limit?
Yes i
(b) No, required to register only if his aggregate tumover exceeds the threshold limit.
(c) He is required to register if he is liable to collect tax at source and his aggregate turnover
exceeds the threshold limit.
(d) Noneof the above ‘ es
ich of the following require compulsory registration, inesagcthig of threshol ihe.tans
Casual taxable person:
30 n liable to pay under ReversePicherpe Mechanism
4
°

‘e) Persons making any inter-State taxable supply
) Non-resident taxable Persons making taxable supply
‘(o) Casual taxable persons making taxable supply
id) All of the above ’
WhictLof the following persons are not liable for registration? —
ay Any person engaged exclusively in.supplying services wholly exempt from tax
(b) Casual Taxable Person i afer 2 to
(c) Both (a) and (b) : in : a fo
(d) None of the above 8 toni
Rohan Toys is a registered supplier of goods in Delhi. It intends to attend a 7 days’ Business Fair
organised in Mumbai (next month) where it does not have a fixed place of business. Examine
which of the following statements are true for Rohan Toys: :
a) Rohan Toys is not required to obtain registration in Mumbai for attending a 7 days’ Business
Fair.
Befonen Toys has to obtain registration as a casual taxable person for attending the Business
Fair. ; Taille E a
(c) Rohan Toys has to obtain a Unique Identification Number for attending the Business Fair.
i.Every supplier shall be liable to be registered under this Act in the State or Union Territory, other
than Special Category States, from where he makes a taxable supply of goods or services or
both, if his aggregate turnover in afinancial year exceeds :
(a) 10 lakhs (b) 25 lakhs .
(c) 1.5 crores . (d¥20 lakhs : :
Where a person makes taxable supplies of goods or services or both from any of the Special
Category States, he shall be liable to be registered if his aggregate turnover in afinancial year
excee : aie
pies ak (b) 25 lakhs — a4
(c) 1.5 crores _ (d) 20 lakhs
>The Calculation of aggregate turnover to decide the registration
li ii
(a) State wise Turnover (b) State wise
SSAll over India Turnover (d) All over Tur
Taxab

384
38. Suppose a dealer who is a resident of Delhi has business places both at Delhi and Uttar Pradesh,
From where does he have to take GST registration?
(a) From Delhi only
|
i
|
(b) From Uttar Pradesh only
orfie has to take separate GST registration both at Delhi and Uttar Pradesh with the same PAN
(d) From either of the states
39. Suppose one Multi National Company (MNC) has places of business all over India. Can such an
MNC take a single centralised GST registration?
(a) Yes
|
No (it has t
services)
(c) Registration only from the state in which
(d) Either (a) or (c)
40. Are all suppliers mandatorily required to obtain registration?
(a) Yes :
(b) Not required if he is an agriculturist or person exclusively engaged in supplying exempt
goods or services
(cy Not required if he is an agriculturist or person exclusively engaged in supplying exempt
~~" goods or services and for others if the specified threshold exceeds in any financial year
(d) No only if the specified threshold exceeds in any financial year
41. The supply of goods after the completion of the Job work from the registered place of business
place-of a Job worker
_ {ay The Principal who despatched the goods for Job work
(b) The Job worker
(c) Either of the party
(d) Deemed supply of the Job worker ©
42.Where a business carried on by a taxable person registered under this Act is transferred to
another person as a going concern,
(a) Transferror’s registration shall be taken as transferee’s registration
_(by The transferee shall be liable to be registered w.e.f. the date of transfer
(c) Both transferor and transferee are required to obtain fresh registration
43. Shall a dealer making the exclusive supply of Liquor or Petrol, Diesel and Crude Oil have to take
registration under the GST Act?
© take registration in all the states from where it makes supplies of goods or
its Head Office in India is situated
(a) Yes (6) No
(c) Optional (d) Either (a) or (c)
44.Who is called a Deemed supplier of Services?
nput Service Distributor (b) Job Worker
(c) Agent (d) Subsidiary Company
-- 45. Threshold limit of registration is applicable to the following persons
(a) Input Service Distributor, whether or not separately registered under this Act
(b) Non-resident taxable persons making taxable supply
(c) Every Electronic Commerce Operator
one of the above
46. Which of the following statements are correct?
~ (a) Voluntary registration is not possible under GST
|Voluntary registered person not liable to comply with all the provisions of the GST é
erson may get himself registered voluntary and shall comply with all the provisions ol the
’ : ‘ E eat la !
> pif set jolie aren eth gait
2 ceo Sead wr ad a ha

7.1. MULTIPLE CHOICE QUESTIONS
7.1.1 ICSI Inter, December 2017.
1. Which of the following countries was the first to introduce GST ?
(a) United States (b) Britain
(c) Canada _ Ady France
2. All decisions of GST Council must have majority in order to implement the same.
(a) one-half _ (by three-fourth
(c) 60% ““(d) 90%
3. A service would be called as “continuous supply of service”, if the service under a contract is
provided continuously or on recurrent basis exceeding:
(a) One year (b) 6 months
»ey3 months os (d) 1 month
4. Which law will govern the inter-state supply of goods or services?
(a) CGST | ; SGST
(c) UTGST (a) iGST
5. Which of the following has ‘eah kept out of the GST Levy?
(a) Generator (b) Computer
(c) Jewellery (c) Electricity
§. Threshold limit of turnover for levy of GST in the case of a person having business (supply of
goods and services) in Gujarat is
_ (a) % 10 lakhs (by € 20 lakhs
(c) €30 lakhs ; (d)
Z 40 lakhs
__1. When employer gifts goods to his employees, it will not be considered as taxable supply for the.
___ purpose of GST if the value of supply to an employee does not exceed:
(a) ¥ 5,000 (b) % 20,000
- (c) 50,000 (d)®T,00,000
- Which of the following incomes/activities is liable for GST?
(a) Salary (b) Salary and allowances of MPs
(c) Services by Court ale of jewellery —
v. pee of the following represents composite supply?
Doctor’s service with medicines
q (b) Package with fruits and chocolates

= ; Indirect Taxes -: (
= aching centre with mon — acs ai
Payee eee thly excursions on trekking it~
10. . eee! computer printer and laptop ad Hee ee “Peet
. - Ram su B i j re - thee :
Pplied goods to Mr. Laxman. The invoice is dated 30.7.2020. Payment was
for the suppl
under Cee The goods were dispatched on 5.8.2020. What is time of
(a) 5.8.2020
(c) 30.10.202
(oy'50.7.2020 | %
11. Which of the 7 ir (d) None of the above }
lowing though shown in Bill will not be included in determining the value of f
' Supply for the purpose of GST?
(a) Packing Discount ,
4 ct for late Payment (d) Installation charges
- Which of the following expenditure is eligible for input tax credit ?
(a) Membership fee of a club ;
(b) Home travel concession extended to-employees
(c) Goods given as free gifts |
__(d) Caterer using the service another caterer
13. Debit note is issued by the supplier of goods when
a es ne in i wivelgs is excessive _ (b) when the goods are returned by recipient
= en ie ss than the tax payable (d) when the goods supplied are deficient
ocated in Chennai. He has. a branch office in Cochin. He wants to transfer goods. His
turnover was always below = 10 lakhs. His registration under GST is
(a) Voluntary
(by Compulsory
(c) Compulsory only when turnover exceeds 20 lakhs
(d) As and when deemed by the Revenue
15.A taxable person whose registration has been cancelled or surrendered must file the final retum
of GST within
(a) 6 months of the cancellation
(b) 6 months after the end of the financial year
(c) 3.months after the end of the financial year
(d) 3 months after the date of cancellation
16. Refreshments were supplied on board in an aircraft proceeding from Chennai to Delhi. It had a
stop at Hyderabad. The refreshments were taken on board at Hyderabad. The place of supply is
(a) Delhi (b) Chennai ;
_ (ec) Hyderabad (d) None of the above
17.For the purpose of calculating the compensation payable to the States under the Goods and
Service Tax (Compensation to States) Act, 2017 the base year for reckoning the Revenue is :
”
(a) 31-3.2014 - (b) 31.3.2015
(c) 31.3.2016 (d) 31.3.2017
48.Which of the following GST model is adopted in India?
(a) Australian model (b) Bagchi-Poddar model
_{e) Dual model (d) American model
19. Export of service does not include:
__4aythe supplier of service located outside India é
(b) the recipient of service located outside India er Ree
(c) the place of supply of service is outside India
a
(d) the supplier of service is located in India
_7.1.2 ICSI Inter, June 2018
20.GST Council comprises of various persons from Union and States and is b
Chair Person whois | ool Kan ;
(a) Finance Secretary to Government of India
Union Finance Minister
_~ (¢) Any State Finance Minister
—— (d) Union Revenue Minister
dui

yilding intendedf
een received after issuance
me after its first Occupation, which
9017 shall be treated as sy
(a) Goods Cel: ia
ie ervices ae a Both goods and se
ion 2(62) of the _(d) Contract work
Seana ee Specifies input tax in relation to a register
|
pean Central T
mean Central Tax, State Tax, In ; r gistered pé
gods or services or both and ana a Or Union Territory Tax charged on any sl
(), Integrated goods and services, tax charged on im
i der the provisi i
(i) Tax un Provisions of section 9(3) and
(il) Tax paid under composition levy a ie
(iv) Tax under Union Territory Good
A All the above
f Pods and Services Tax Act
HI @ and (ii) — at AF, and (iv)
; : j q) (ii), (iii) and (iv)
i ; kaj of Delhi supp! ; ( ua :
| 93.Mr. Pankal Pplied goods to Mr. K i GST w
charged @ 12%, Mr. Kngnnel nee Sie wee of Delhi for
= 1 lakh, on which total GST was
sold the entire goods to Mr. Ravi of ein of goods, added 20% margin of profit (on cost) and
ompletio
€ver is ear
Pply of: |
port of goods -
tax on such transaction by Mr. Krishna ic. he total amount of tax payable after claiming ee
my ei2900 et
Joy 2,400 (b) € 14,400
(d) None of the above :
under CGST Act, 2017 on 5th July, 2020 and the
Raj & Co., was having the stock available against
- :
j24.Ral & Co., applied for voluntary registration
months old. Raj & Co., shall be eligible for input tax credit on such
registration was granted on 15th July, 2020.
the invoices for a period of 3
stock as held as on:
1 (a) 30th June, 2020
(c) 15th July, 2020 Phot 2020
(d) 14th July, 2020 re
25.A casual taxable person or a non-resident taxable person shall be required to apply for registration
(a) 30 (b) 5
at least days prior to the commencement of business. .
(0) 15 dy 7
j 26.Mr. Bala has made supply (within State) of taxable goods to the tune of f 17 lakh, export supplies
* of €3 lakh and intra-State supply of exempt services of Z 4 lakh. His aggregate turnover as per
section 2(6) of the CGST/ SGST Act, 2017 is :
(a)%17 lakh (by= 20 lakh
1 (¢) $24 lakh : (d) None of the above
27.A supply made by a taxable person toa recipient consisting of two or more taxable supply of
goods or services of both or any combination thereof which are only bundled and supplied in
conjunction with each other in the ordinarily course of business out of which one is a principal
supply has been defined u/s 2(3) of CGST Act, 2017 to mean
(a) Mixed supply _ (b) Composite supply
undled supply (d) Both (A) and (B) sad)
| %.Tax on inter-State supplies, import into India, supplies made outside India and supplies made in
___ SEZ shall be charged to z : :
_ (a) CGST and SGST (byCGST and UTGST f
__(c) CGST and IGST (d) IGST
Union Territory and for matters connected therewith or incidental thereto are being e
In
Provision for levy and collection of tax on intra-State supply of goods or services or both
1 (8) CGST Act, 2017 _ (b) IGST Act, 2017
_deyUTGST Act, 2017 _. (d) None of the above
").The highest enabling limit of tax rate of IGST has been pres
(a) 20% b j . 7 it Bs :

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