Below GST quiz are Multiple Choice Questions (MCQs) type Quiz. These GST MCQ Questions helps you to refresh your GST, you can see the correct option by clicking on it. .
1. PAN issued under the Income Tax Act is mandatory for grant of registration.
It is one of the document listed.
Yes, but non-resident taxable person may be granted registration on the basis of any other document.
No, for persons who are required to deduct tax at source u/s 51 shall have TAN in lieu of PAN.
Both (b) and (c)
2. What is the maximum rate prescribed under CGST?
12%
20%
28%
18%
3. When can the transaction value be rejected for computation of value of supply
When the buyer and seller are not related and price is not the sole consideration
When the buyer and seller are related or price is not the sole consideration
It can never be rejected
When the goods are sold at very low margins
4. What deductions are allowed from the transaction value
Discounts mention on invoice
Packing Charges mention on invoice
Any amount paid by customer on behalf of the supplier
Freight charges mention on invoice
5. Input Tax credit as credited in Electronic Credit ledger can be utilized for
Payment of Interest
Payment of penalty
Payment of Fine
Payment of Taxes
6. Matching of Input Tax credit on inward supply by recipient is undertaken with
Monthly return filed by the supplier
Outward supply filed by the supplier
Invoices maintained by the supplier
None of the above
7. Provisional Input tax credit can be utilized against
Any Tax liability
Self Assessed output Tax liability
Interest and Penalty
Fine
8. The time limit to pay the value of supply with taxes
90 days
6 months
180 days
365 dyas
9. Input tax credit on capital goods and Inputs can be availed in
In thirty six installments
In twelve installments
In one installment
In six installments
10. When can a registered person avail credit on inputs?
on receipt of goods
on receipt of documents
Both
None of the above
11. When does liability to pay GST arise in case of supply of goods?
On raising of invoice
At the time of supply of goods
On receipt of payment
Earliest of any of above
12. Under what circumstances physical verification of business premises is mandatory?
Physical verification of business premises is a discretionary power of proper officer.
If additional information for registration asked by the proper officer is not submitted within specified time.
If certificate of registration is obtained on misrepresentation of facts.
If photograph of the business premise is not uploaded in the common portal within specified time.
13. Which of the following requires amendment in the registration certificate?
Change of name of the registered person
Change in constitution of the registered person
Switching over form composition scheme to normal scheme or vice versa.
All of the above
14. Who are mandatorily required to obtain registration?
Every Person
For an agriculturist or exclusively engaged in supplying exempt goods or services is not required and for others if specified threshold limit exceeds in a financial year
Not required for an agriculturist or person exclusively engaged in supplying exempt goods or services
No, only if specified threshold exceeds in a financial year then only need to obtain
15. What is location of supply in case of importation of goods?
Customs port where the goods are cleared
Location of the importer
Place where the goods are delivered after clearance from customs port
Owner of the goods
16. Place of supply in case of installation of elevator is
Where the movement of elevator commences from the supplier’s place.
Where the delivery of elevator is taken.
Where the installation of elevator is made.
Where address of the recipient is mentioned in the invoice.
17. Is there any ceiling limit prescribed on the rate under IGST?
12%
18%
28%
40%
18. Can a person apply for registration without PAN