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WorksheetsGST & Custom Duty B.Com.CA III yr.(Aug.17 at 11 am)
Total questions: 11
Worksheet time: 23mins
GST was introduced in India with effect from
a) 1.1.2017
b) 1.4.2017
b) 1.7.2017
d) 1.1.2018
The incidence of tax on tax is called
a) Tax Pyramiding
b) Indirect tax
c) Tax evasion
d) Tax Cascading
Mr. Anuj an architect, agrees to design and construct a building for Ms. Ashi for a sum of Rs. 5 Crores. The construction completed and the amount received by Mr. Anuj. This is supply of..........
a) Goods
b) Services
c) Both goods and services
d) None
Composition scheme is available only for
a) Inter state supplies
b) B2B supplies
c) Intra-state supplies
d) E-commerce operators
Input tax credit shall be allowed only if it is separately written in:
a) Delivery note
b) Payment slip
c) Credit note
d) Tax invoice
One tooth paste and tooth brush and a toilet soap sold in a packet for Rs. 50, is a type of
a). Mixed supply
b) Composite supply
c) Joint Supply
d) Not supply
Tax rate on goods under GST are determined by
a) Union budget
b) State budget
c) Central Govt in consultation with state Govt.
d) GST council
Integrated GST is applicable on goods or services
a) Imports
b) Interstate Sale
c) Imports and interstate sales
d) Exported from India
Liability to pay tax by the recipient of supply of goods or services is called
a) Output tax
b) Input tax
c) Both of these
d) Reverse charge
Full Form of HSN code
a) Harmony System Nomenclature
b) Harmonised Sequence Nomenclature
c) Homonised system number
d) Harmonised System Nomenclature
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