GST & Custom Duty B.Com.CA III yr.(Aug.17 at 11 am)

GST was introduced in India with effect from

• a) 1.1.2017

• b) 1.4.2017

• b) 1.7.2017

• d) 1.1.2018

The incidence of tax on tax is called

• a) Tax Pyramiding

• b) Indirect tax

• c) Tax evasion

• d) Tax Cascading

Mr. Anuj an architect, agrees to design and construct a building for Ms. Ashi for a sum of Rs. 5 Crores. The construction completed and the amount received by Mr. Anuj. This is supply of..........

• a) Goods

• b) Services

• c) Both goods and services

• d) None

Composition scheme is available only for

• a) Inter state supplies

• b) B2B supplies

• c) Intra-state supplies

• d) E-commerce operators

Input tax credit shall be allowed only if it is separately written in:

• a) Delivery note

• b) Payment slip

• c) Credit note

• d) Tax invoice

One tooth paste and tooth brush and a toilet soap sold in a packet for Rs. 50, is a type of

• a). Mixed supply

• b) Composite supply

• c) Joint Supply

• d) Not supply

Tax rate on goods under GST are determined by

• a) Union budget

• b) State budget

• c) Central Govt in consultation with state Govt.

• d) GST council

Integrated GST is applicable on goods or services

• a) Imports

• b) Interstate Sale

• c) Imports and interstate sales

• d) Exported from India

Liability to pay tax by the recipient of supply of goods or services is called

• a) Output tax

• b) Input tax

• c) Both of these

• d) Reverse charge

Full Form of HSN code

• a) Harmony System Nomenclature

• b) Harmonised Sequence Nomenclature

• c) Homonised system number

• d) Harmonised System Nomenclature