GST MCQ

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

    • No
    • Yes
  • 19. What type of tax is GST?

    • Indirect Tax
    • Direct Tax
    • Both
    • None of these
  • 20. GST was implemented on

    • 1st june 2017
    • 1st july 2017
    • 1st april 2016
    • 1st june 2014