These Multiple Choice Questions (MCQs) derived from News Papers, PIB, Civil Service Prelims previous year papers, etc. MCQs on the Goods and Service Tax (GST) are conceptual as well as factual.
These questions-answer (with explaination) will be useful for UPSC, UPPSC, and other Civil Service Prelims Examinations. There are high chance to face these MCQs in upcoming Examinations.
MCQ on GST:
Que 1. GST stand for
(a) Goods and Service Trade
(b) Goods and Service Tax
(c) Goods and Supply Tax
(d) Government Sale Tax
✓(b) Goods and Service Tax
GST stand for Goods and Service Tax.
Que 2. GST is a/an
(a) Direct Tax
(b) Indirect Tax
(c) Both Direct & Indirect Tax
(d) None of These
✓(b) Indirect Tax
GST is a/an Indirect Tax structure of India.
Que 3. GST is ------ Constitutional Amendment Act (CAA)?
(a) 102nd CAA
(b) 100th CAA
(c) 101st CAA
(d) 103rd CAA
✓(c) 101st CAA
GST is -101st Constitutional Amendment Act (CAA)
to simplify the complex indirect tax structure of India.
Que 4. The Goods and Service Tax (GST) came into effect
from?
(a) 1st July 2016
(b) 1st July 2017
(c) 1st July 2018
(d) 1st July 2019
✓(b) 1st July 2017
The Goods and Service Tax (GST) came into effect from 1st
July 2017.
Que 5. How the Goods and Service Tax (GST) is promoting
federal structure of India?
(a) CGST Only
(b) SGST Only
(c) Dual GST
(d) None of These
✓(c) Dual GST
A ‘Dual GST’ model as been adopted in view of the federal
structure of India. There are two components of GST (i) Central GST (CGST) and
(ii) State GST (SGST).
Que 6. Integrated Goods and Service Tax (IGST) is payable when the supply is
(a) Interstate
(b) Intra-State
(c) Intra-UT
(d) None of These
✓(a) Interstate
Integrated Goods and Service Tax (IGST) is payable when the
supply is Interstate.
Que 7. An Integrated Goods and Service Tax (IGST) is levied
and collected in accordance with article….
(a) 279 A
(b) 269 A
(c) 259 A
(d) 249 A
✓(b) 269 A
An Integrated Goods
and Service Tax (IGST) is levied and collected by Centre on interstate supply
of goods or services in accordance with article 269 A.
Que 8. Which of the following taxes have been subsumed in Goods
and Service Tax (GST)?
(a) Central excise duty
(b) Central Sales Tax
(c) Octroi and Entry Tax
(d) All of the Above
✓(d) All of the Above
Que 9. What is base year of Goods and Service Tax (GST) for compensation?
(a) 2011-2012
(b) 2014-2015
(c) 2015-2016
(d) 2016-2017
✓(c) 2015-2016
The base year of Goods and Service Tax (GST) for compensation
is 2015-2016.
Que 10. Who is chairman of Goods and Service Tax Council
(GST Council)?
(a) Chairman of Finance Commission
(b) Union Finance Minister
(c) Prime Minister
(d) Chief Economic Advisor
✓(b) Union Finance Minister
The chairman of Goods and Service Tax Council (GST Council)
is Union Finance Minister.
Que 11. What is an annual turnover for exempted from Goods
and Service Tax (GST)?
(a) Upto Rs. 20 Lakh
(b) Upto Rs. 40 Lakh
(c) Upto Rs. 60 Lakh
(d) Upto Rs. 80 Lakh
✓(b) Upto Rs. 40 Lakh
Businesses with an annual turnover of upto Rs. 40 Lakh are
exempted from Goods and Service Tax (GST).
Que 12. The functions of goods and services network (GSTN)
include
(a) Facilitating registration
(b) Computation and settlement of GST
(c) Both (a) and (b)
(d) None of These
✓(c) Both (a) and (b)
Que 13. Goods and Service Tax (GST) is consumption of goods
and service tax based on
(a) Origin
(b) Destination
(c) Development
(d) All of the Above
✓(b) Destination
Que 14. Highly essential goods and services are comes under the
GST rate list?
(a) Zero
(b) 5%
(c) 2%
(d) 3%
✓(a) Zero
Highly essential goods and services are exempted from GST
and comes under Zero rated list.
Que 15. How many different slabs for the Goods and Service
Tax (GST) rate?
(a) 6
(b) 4
(c) 5
(d) 3
✓(c) 5
The Goods and Service Tax (GST) rate of India for various
goods and services is divided into 5 different slabs. These are classified as
Zero, 5%, 12%, 18% and 28%.
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