Question

In respect of the additional payment
for value of supply like interest, late
fee etc., the time of supply is
*
O Date additional payment
O Date of original payment
O
date on which supply was received
O Any date at the option of the supplier​

Answer 1

Answer:

1. GST was introduced in India with effect from

a) 1.1.2017 b) 1.4.2017 c) 1.1.2018 d) 1.7.2017

2. GST was introduced in Jammu and Kashmir with effect from

a) 1.8.2017 b) 1.7.2017 c) 1.1.2018 d) 8.7.2017

3. Constitution Amendment Act, 2016 for GST was

a) 80th

b) 101st c) 122nd d) None of these

4. As a result of constitution amendment for GST a Separate List --- has been inserted in the

constitution.

a) Article 246A b) Article 146B c) Article 122 C d) Article 101B

5. The incidence of tax on tax is called

a) Tax Cascading b) Tax Pyramidding c) Tax evasion d) Indiret tax

6. Under GST, ‘value addition’ refers to

a) Expenses ‘plus’ profit b) Cost plus tax c) Cost plus tax plus‘profit d) Tax plus profit

7. UTGST is applicable when

a) Sold from Union territory b) Goods are purchased by Central Government

c) Sold from one union territory to another union territory d) There is interstate supply

8. Integrated Goods and Services Tax is applicable when -

a) Sold in Union territory b) Sold from one GST dealer to another GST dealer

c) Sold within a state d) There is interstate supply

9. SGST is applicable when

a) Goods are sold within a state b) Goods are sold from one GST dealer to a customer

c) Goods are sold by a GST dealer to another GST dealer d) Interstate supply

10. The tax which was not merged into GST

a) Counterveiling Duty b) Excise duty c) Basic Customs Duty d) Purchase tax

11. Goods and service tax is a – tax system

a) Single point tax b) Multipoint tax c) Regressive tax d) None of these

12. Goods and service tax is --

a) Supply based b) Consumption based

c) Both supply and consumption based d) None of these

Explanation:

THE ONES WHICH ARE IN BOLD ARE THE CORRET ANSWER