GST Filing and Returns

GST Filing and Returns

By Anto Plyz

Multiple Choice

1. What is the main benefit of GST over the pre-GST tax structure?

• A. Increase in customs duties

• B. Multiple tax filings for each state

• C. Elimination of cascading taxes

• D. Exclusion of services from tax

Multiple Choice

2. The 122nd Constitutional Amendment led to the introduction of GST by amending which article?

• A. Article 300

• B. Article 269A

• C. Article 356

• D. Article 245

Multiple Choice

3. What is the primary function of the GST Council?

• A. Collect GST from states

• B. Issue trade licenses

• C.Recommend rates and policies for GST

• D. Audit taxpayer records

Multiple Choice

4. Which of the following is not a type of GST?

• A. CGST

• B. SGST

• C. IGST

• D. UGST

Multiple Choice

5. When was GST officially implemented in India?

• A. 1st January 2015

• B. 1st April 2016

• C. 1st July 2017

• D. 1st August 2018

Multiple Choice

6. What is the main purpose of an e-way bill under GST?

• A. To calculate tax refunds

• B. To track the movement of goods

• C. To issue debit notes

• D. To cancel GST registration

Multiple Choice

7. What is the threshold limit for generating an e-way bill for inter-state supply of goods?

• A. ₹10,000

• B. ₹25,000

• C. ₹50,000

• D. ₹1,00,000

Multiple Choice

8. Which of the following is a monthly return form filed under GST?

• A. GSTR-1

• B. GSTR-2

• C. GSTR-3B

• D. GSTR-9

Multiple Choice

9. What is the purpose of a debit note under GST?
A. To reduce the value of a supply
B. To increase the taxable value or tax charged
C. To cancel the registration
D. To claim refunds

• A. To reduce the value of a supply

• B. To increase the taxable value or tax charged

• C. To cancel the registration

• D. To claim refunds

Multiple Choice

10.What is one of the consequences of late filing of GST returns?

• A. Automatic cancellation of registration

• B. No impact on taxpayers

• C. Penalty and interest for delay

• D. Refund gets doubled