GST Ch1 and Ch2 MCQ TEST

Taxable Event under GST shall of G/&S.

• (a) Supply of G/&S
• (b) Sale of G/&S
• (c) Transfer of G/&S
• (d) Manufacture

Which of the following shall be included in Supply?

• (a) Sale
• (b) Barter
• (c) Disposal
• (d) All

Which of the following are the parameters of Supply?

• (a)   Supply must be of Goods or Services.
• (b)   Supply must be made for consideration
• (c)   It must be taxable supply & made by taxable person
• (d) All

What are different forms of supply of goods?

• (a) Sale
• (b) Transfer
• (c) Barter
• (d) Specified in section 7 of the CGST Act

JP Morgan transferred certain business assets without any consideration. What shall be the classification of such supply?

• (a) Supply of Goods
• (b) Supply of Services
• (c) not a supply
• (d) None

Which of the following is not a supply u/s 7?

• (a) Management consultancy services not in course of business
• (b)  Import of service for consideration not in course of business
• (c)  Both (a) & (b)
• (d) None of (a) & (b)

The definition of goods under the CGST Act does not include .

• (a) Grass
• (b) Money & securities
• (c) Actionable claims
• (d) Growing crops

Agreement entered into as of hire purchase instalment purchase shall be classified as:

• (a) Supply of Goods
• (b) Supply of Services
• (c) Both (a) & (b)
• (d) None of (a) or (b)

Which of the following activities is a supply of services?

• (a)   Transfer of right in goods/ undivided share in goods without transfer of title in goods
• (b)   Transfer of title in goods
• (c)   Transfer of title in goods under an agreement that property shall pass at a future date.
• (d)   All of the above

S transfers under construction building to T for Rs. 30 Lacs during FY 2022-23. Such transfer is .

• (a) Supply of goods
• (b) Supply of services
• (c) Both (a) & (b)
• (d) Not a supply