Staff Quiz 05-03-2025

When was GST implemented in India 

• 1st JAN 2015

• 1st JULY 2017

• 1st APRIL 2016

• 1st OCT 2018

GST on goods or services is determined based on which of the followings

• Place of business

• Place of supply

• Nature of goods

• Nature of service

Which of the following is not a part of GST Return filing process

• GSTR-1

• GSTR-2A

• GSTR-3B

• GSTR-4B

In which of the following cases ITC is not available

• Goods purchased for personal use

• Goods purchased for business use

• Capital goods for business use

• Service used for business purpose

Which return form is required to be filed by a GST registered person for reporting outward supplies

• GSTR-1

• GSTR-2A

• GSTR-3B

• GSTR-9

What is the composition levy applied for restaurant services under GST

• 5%

• 6%

• 1%

• 0%

Who is the governing Authority for GST in India

• Reserve Bank Of India

• GST Council

• Ministry of finance

• State Govt

What is the main benefit of INPUT TAX CREDIT(ITC)

• Reduces tax liability

• Increases the price of goods

• Increases tax liability

• Encourage black money transactions

How often should a regular taxpayer file GSTR-3B

• Daily

• Weekly

• Monthly

• Annually

Who is required to file CMP-08

• Regular Taxpayers

• Composition Scheme Taxpayers

• Exporters

• SEZ Units