GSTN Quiz

When was the Goods and Services Tax Network (GSTN) incorporated?

• 2010

• 2013

• 2017

• 2020

What is the primary role of GSTN?

• Collecting taxes

• Providing IT infrastructure for GST implementation

• Issuing tax refunds

• Managing bank transactions

Which government body is responsible for overseeing GSTN?

• Reserve Bank of India (RBI)

• Ministry of Finance

• Securities and Exchange Board of India (SEBI)

• NITI Aayog

GSTN functions as a ____ platform.

• B2B

• G2C

• G2B

• P2P

What is the primary benefit of GSTN for businesses?

• Reducing income tax rates

• Ensuring easy tax compliance and filing

• Providing tax exemptions

• Allowing businesses to evade GST

What type of database management system does GSTN use?

• Cloud-based

• Paper-based

• On-premises only

• None of the above

Which of the following services is NOT provided by GSTN?

• Taxpayer registration

• Invoice matching

• GST return filing

• Direct tax collection

Which companies are responsible for developing the technology framework of GSTN?

• Infosys and TCS

• Google and Microsoft

• Apple and IBM

• None of the above

GSTN helps in reducing tax evasion by ensuring:

• No need for tax audits

• Automated reconciliation of invoices

• Manual tax filing

• Exemption from e-invoicing

How does GSTN facilitate e-invoicing?

• By issuing physical invoices

• By generating unique invoice reference numbers

• By allowing businesses to submit handwritten invoices

• By removing the need for invoices