GST Quiz 2

Which of the following conditions is necessary for input tax to be claimable?

• The supplier is not GST-Registered.

• The business is not GST-Registered.

• Local purchases are supported by valid tax invoices.

• Purchase of goods are for private use.

Which of the following is a Standard Rated Supply?

• Providing gifts to customers costing $100.

• Providing gifts to customers costing $120.

• Providing gifts to customers costing $150.

• Providing gifts to customers costing $220.

Which of the following is a Standard Rated Supply?

• Providing of consultancy service to foreign company in Malaysia.

• Providing of consultancy service to foreign company in Singapore.

• Providing of consultancy service to Singapore company in Malaysia.

• None of the above.

Which of the following is a Standard Rated Supply?

• Sold goods to a customer in Indonesia.

• Sold shares of a Singapore listed company.

• Sold life insurance policies to a Singapore customer.

• Sold business assets to a Non-GST Registered customer in Singapore.

"Cruise-to-nowhere" packages in international waters belongs to which kind of supply?

• Exempt supply.

• Zero-rated supply.

• Out-of-scope supply.

• Standard-rated supply.