GST

GST was implemented in India from

• 1st January 2017
• 1st April 2017
• 1st March 2017
• 1st July 2017

GST is a consumption of goods and service tax based on

• Development
• Dividend
• Destiny
• Duration
• Destination

GST is known as;

• Goods and Services Tax
• Goods and Services Taxation
• Gold and Services Tax
• Gold and Sanctions Tax

Tags

CCSS.6.RP.A.3B

Another name for GST payables is:

• GST collected

• GST tax credits

• GST credits

• GST outlay

What do you mean by Cascading Effect?

• Tax on Tax

• Multiple Tax

• Goods and Services Tax

• Input Tax Credit

Indian GST modal is based on

• Canada

• US

• Europe

• America

Which of the following is exempt from GST?

• Alchohol

• Electricity

• Small Scale Industries

• Educational Services

GST is a ......type of tax

• Direct

• indirect

• progressive

• none of above

What is highest rate of GST ?

• 12%

• 28%

• 32%

• 36%

If dealer A in maharashtra is selling his good to dealer B in Kerala ,the SP= 1000 & GST rate = 10% .In the following case calculate the GST payable by dealer B to dealer A.

• CGST=100 , SGST=100

• IGST=100

• SGST=50,CGST=50

• IGST=50