Goods and Services Tax

In which year Goods and Services Tax was enacted and implemented in India?

• 2011

• 2015

• 2017

• 2018

Which authority regulate indirect taxes in India?

• CBDT

• SEBI

• CBI

• CBIC

Goods and Services Tax in India falls in which List of the Seventh Schedule of the India's Constitution?

• Central List

• State List

• Concurrent List

• None of above

Select incorrect one from the followings in reference of tax rates under GST.

A. CGST= IGST+SGST

B. IGST= CGST+SGST

C. IGST= CGST+UTGST

D. CGST=SGST or UTGST

• A

• B

• C

• D

Goods and Services Tax has been conferred by Article 246A of the Constitution by making ______ amendment in the Constitution.

• 99

• 100

• 101

• 102

What to do you mean by Cascading Effect?

Mr. Krishan, a supplier of Delhi, sold goods to Mr. Gobind of Rajasthan of a sum of Rs. 100000. The applicable GST rate on the said goods is 5%. While drawing bill, which combination of GST will be applied by Mr. Krishan.

Select the correct from the following.

• CGST+IGST

• CGST+SGST

• IGST

• SGST+IGST

Ms. Gaurisha (Karol Bagh, Delhi) sold goods to Mr. Raj (Saket, Delhi). Which type of GST to be levied while drawing invoice. Select Correct One.

• CGST+SGST

• CGST+IGST

• IGST+SGST

• IGST+UTGST

Mr. Vishal of Chandigarh (A Union Territory) sold goods to Mr. Vinayak of Chandigarh. Which type of GST to be levied. Select correct one from the followings.

• IGST+UTGST

• UTGST+CGST

• IGST

• CGST+UTSGT

Mr. Suraj of Daman and Dieu (Union Territory) sold goods to Mr. Hemant of Chandigarh (Union Territory). Which type of tax will be levied. Select correct one.

• IGST

• CGST+UTGST

• IGST+UTGST

• None of above