accountancy ch. 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

Which code is used to classify goods and services under GST?

•  HSN Code
• SAC/HSN Code
• GST Code
• SAC Code

What does “I” in IGST stands stand for?

• Internal
• Intregrated
• Internal
• Intra

The GSTIN consists of

• 13 digits
• 14 digits
• 15 digits
• 16 digits

Direct tax are borne by the person.......................

• Liable to pay tax

• By the consumer

• Individual only

• Company only

What do you mean by Cascading Effect?

• Tax on Tax

• Multiple Tax

• Goods and Services Tax

• Input Tax Credit

Composition scheme is available only for

• Inter state supplies

• B2B supplies

• Intra-state supplies

• E-commerce operators

Indian GST modal is based on

• Canada

• US

• Europe

• America

IGST credit shall first be utilised towards payment of

• CGST

• SGST

• IGST

• UTGST