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GST Module 1

Total questions: 14

Worksheet time: 7mins

Name
Class
Date
1.
GST was implemented in India from
a)
1st January 2017
b)
1st April 2017
c)
1st March 2017
d)
1st July 2017
2.
GST is a consumption of goods and service tax based on
a)
Development
b)
Dividend
c)
Destiny
d)
Duration
e)
Destination
3.
Which code is used to classify goods and services under GST?
a)
 HSN Code
b)
SAC/HSN Code
c)
GST Code
d)
SAC Code
4.
What does “I” in IGST stands stand for?
a)
Internal
b)
Intregrated
c)
Internal
d)
Intra
5.
The GSTIN consists of
a)
13 digits
b)
14 digits
c)
15 digits
d)
16 digits
6.
GST is known as;
a)
Goods and Services Tax
b)
Goods and Services Taxation
c)
Gold and Services Tax
d)
Gold and Sanctions Tax
7.

What do you mean by Cascading Effect?

a)

Tax on Tax

b)

Multiple Tax

c)

Goods and Services Tax

d)

Input Tax Credit

8.

Indian GST modal is based on

a)

Canada

b)

US

c)

Europe

d)

America

9.

GST is a ......type of tax

a)

Direct

b)

indirect

c)

progressive

d)

none of above

10.

What is highest rate of GST ?

a)

12%

b)

28%

c)

32%

d)

36%

11.

If dealer A in maharashtra is selling his good to dealer B in Kerala ,the SP= 1000 & GST rate = 10% .In the following case calculate the GST payable by dealer B to dealer A.

a)

CGST=100 , SGST=100

b)

IGST=100

c)

SGST=50,CGST=50

d)

IGST=50

12.

Composite supply means

a)

Two or more supplies; Naturally Bundled; supplied in conjuction; principal supply

b)

Two or more supplies; Dealer Bundled; supplied as individual

13.
Who is the present Chairperson of GST Council instituted for making recommendations to Government of India on important issues related to GST?
a)
Minister of finance and Corporate Affairs- Arun Jaitley<br /><br />
b)
Rajiv kumar ,Vice Chairman Niti Aayog
c)
Ministry of commerce and Industry- Suresh Prabhu
d)
PM Narender Modi
14.

GST council consists of

a)

Union finance minister

b)

Union minister of state in charge of revenue

c)

Prime minister

d)

Chief minister of states

e)

Minister in charge of finance and taxation