T.Y B.COM
SEMESTER - 5
MID SEMESTER EXAMINATION
GST (GOODS AND SERVICES TAX)
50 - MCQS
(1) Protective assessment under section 64 is also called
a) Summary Assessment
b) Self assessment
c) Provisional assessment
d) Best judgement assessment
(2) Electronic Way Bill is compulsory to move goods of worth
a) Rs. 10,000 or more
b) Rs. 20,000 or more
c) Rs. 50,000 or more
d) Rs. 1,00,000 or more
(3) Which among the following is not related to e-way bill
a) RFID
b) IRN
c) FORM GST INS-01
d) GSTR -9
(4) validity of e-way bill is -
a) one day for each 100 k.ms
b) two days for each 100 kms
c) one day for each 200 kms
d) one day for each 500 kms
(5) Where a vehicle has been intercepted and detained for a period exceeding thirty minutes, the transporter may upload the said information on the common portal in
a) FORM GST INS - 0 4
b) FORM GST INS - 0 10
c) FORM GST INS - 0 9
d) FORM GST INS - 0 6
(6) Input tax credit is not available in the case of supplies to
a) SEZ
b) Exports
c) UN agencies
d) Composite dealers
(7) Input credit available without being liable for output tax in the case of
a) Exempt goods
b) Non taxable goods
c) Zero rated goods
d) Demerit goods
(8) Compensation cases is levied on
a) Demerit goods
b) Luxury goods
c) Demerit goods and luxury goods
d) Essential goods
(9) Goods which are harmful but widely consumed are collective called
a) demerit goods
b) merit goods
c) inferior goods
d) white goods
(10) Sin tax refers to heavy tax on
a) Demerit goods
b) White goods
c) Food products
d) Medicines
(11) Tax on demerit goods is called
a) Double tax
b) Luxury tax
c) Sin tax
d) Demerit tax
(12) GST council meeting is convened
a) every week
b) every month
c) every 3 months
d) any time as required
(13) After introduction of GST export from India is subject to --
a) IGST
b) CGST plus SGST
c) Zero rated
d) SGST plus CGST plus IGST
(14) Final return in Form GSTR-10 should be submitted
a) within one year of registration
b) within 3 months of such cancellation of registration
c) within 3 months of outward supply
d) within one month of renewal of registration
(15) Government body or a United Nations Body, then a monthly Form GSTR-11 has to file
a) GSTR 11
b) GSTR8A
c) GSTR 9A
d) GSTR 5
(16) A registered person under GST can file quarterly return if the turnover is
a) 2lakh or less
b) 75 lakh or less
c) One crore of less
d) 1.5 crore or less
(17) Adding or correcting the details of an outward supply in valid return so as to match the details of corresponding inward supply is called
a) Rectification of return
b) reversal of return
c) reconciliation of return
d) acceptance of return
(18) Assessment under section 59 is
a) Best judgement assessment
b) Provisional assessment
c) Self assessment
d) Protective assessment
(19) voluntary estimation of tax obligations is called
a) Best judgement assessment
b) Provisional assessment
c) Self assessment
d) Protective assessment
(20) The proper officer shall pass an order, allowing payment of tax at such rate or on such value as may be specified by him. This is called
a) Best judgement assessment
b) Provisional assessment
c) Self assessment
d) Protective assessment
(21) The proper officer may assess the tax liability on the basis of available information, evidences which is called
a) Best judgement assessment
b) Provisional assessment
c) Self assessment
d) Protective assessment
(22) Assessment under section Sec. 62 is called
a) Self assessment
b) Provisional assessment
c) Best judgement assessment
d) Protective assessment
(23) Best judgement assessment is carried out
a) under section 59
b) under section 60
c) under section 62
d) under section 64
(24) Summary Assessment under section 64 is also called
a) Self assessment
b) Provisional assessment
c) Best judgement assessment
d) Protective assessment
(25) GSTR-2 gives the details of
a) all inward supplies
b) all outward supplies
c) Composite tax
d) TDS
(26) GSTR - 2A is made available on the 11th of the next month for the
a) Recipients of supplies
b) Suppliers
c) GST officers
d) Customers
(27) GSTR-3 is auto-populated by 20th of the next month containing the details of
a) Outward supplies
b) inward supplies
c) all outward as well as inward supplies
d) None of these
(28) GSTR-4A is generated quarterly for
a) GST dealers
b) Customers
c) Composition scheme taxpayers
d) Ecommerce operators
(29) Returns to be filed by Non-Resident Taxpayer is
a) GSTR-3
b) GSTR-4
c) GSTR- 4A
d) GSTR-5
(30) GSTR-6A is meant for
a) GST dealers
b) Composition scheme taxpayers
c) Ecommerce operators
d) Input Service Distributor
(31) GSTR-7 contains details of
a) TDS
b) TCS
c) Composition tax
d) Outward supply
(32) GSTR-8 shall contain the details of all the supplies made by the
a) Input service distributors
b) E-Commerce seller
c) GST dealers
d) Composition dealers
(33) GSTR-9 is also called
a) Annual Return
b) Monthly return
c) Quarterly return
d) Half yearly return
(34) GSTR-9A is the annual return for
a) Input service distributors
b) E-Commerce seller
c) GST dealers
d) Composition tax payers
(35) GST dealers whose annual turnover exceeds Rs. 1 crore, should file a reconciliation statement in ---- within 31st December of the next fiscal year
a) GSTR 5
b) GSTR 6
c) GSTR 9A
d) Form GSTR-9B
(36) Form GSTR-9B is also called
a) Annual Return
b) Monthly return
c) Quarterly return
d) Reconciliation statement
(37) Final return in Form GSTR-10 is relevant in the case of
a) Input service distributors
b) E-Commerce seller
c) GST dealers
d) Cancellation of registration
(38) Which of the following is not a reason for cancellation of registration?
a) Business has been discontinued
b) Business transferred fully
c) Taxable person is no longer liable to be registered
d) Shifted the business place
(39) Which of the following is not a reason for cancellation of registration by proper officer?
a) contravened the provisions of the Act or the rules
b) Not furnished returns in time
c) has not paid tax in time
d) Registration has been obtained by means of fraud
(40) Cancellation of registration
a) cannot be revoked
b) can be revoked
c) can be revoked by GST council
d) is not possible
(41) Which among the following is not compulsory among he accounts and records maintained by the GST dealers
a) Inward and outward supplies
b) Stock of goods
c) Input tax credit availed
d) Sundry Debtors
(42) Every registered person should keep and maintain the prescribed books of accounts and records
a) At all the offices
b) at principal place of business
c) wherever requested by the GST officers
d) electronically
(43) Maintaining books of accounts in electronic form is
a) compulsory
b) optional
c) compulsory if turnover is more than 1 crore
d) compulsory if turnover is more than 10 crore
(44) When turnover during a financial year exceeds --- the accounts and other records must be audited by a chartered accountant or a cost accountant
a) 1 crore
b) 2 crore
c) 5 crore
d) 10 crore
(45) Every registered person required to keep and maintain books of account or other records
a) for a period of 2 years
b) for a period of 3 years
c) for a period of 5 years
d) for a period of 6 years
(46) Details of outward supply shall be furnished in
a) GSTR 3
b) GSTR 2
c) GSTR 1A
d) GSTR1
(47) GSTR-1 has to be mandatorily done by the
a) 30th of next month
b) 20th of next month
c) 15th of next month
d) 10th of the next month
(48) GSTR-2A is autogenerated from
a) GSTR 3
b) GSTR 2
c) GSTR 2A
d) GSTR1
(49) .............. gives the details of goods or services received by the recipients. It is auto populated out of the GSTR -1 submitted by different suppliers
a) GSTR 3
b) GSTR 3B
c) GSTR -2A
d) GSTR 9
(50) Registration once granted
a) Can be amended
b) Cannot be amended
c) Is temporary
d) None of these
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