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GST Quiz- 2024

Total questions: 20

Worksheet time: 26mins

Name
Class
Date
1.

Participant Name

4 lines
2.

Contact Number

4 lines
3.

Place

4 lines
4.

I am a

a)

Student

b)

Employer

c)

Employee

d)

Other

5.

Click "Proceed" to start your Quiz.

a)

Proceed

b)

All the Best 👍🏻

6.

Which form is used for claiming refund of excess IPT credit ?

a)

GSTR2A

b)

GSTR3B

c)

RFD-01

d)

GSTR 1

7.

What is the time limit to make Payment to the supplier if one avails ITC under GST ACT ?

a)

60 days

b)

190 days

c)

180 days

d)

365 days

8.

What is the purpose of the GST composition scheme ?

a)

Simplified Compliance for small business

b)

exemption from GST

c)

Reduced tax rates for specific sectors

d)

Rebut on Input tax credit

9.

What is the maximum limit for the Composition Scheme for Service providers ?

a)

75 crore

b)

1 crore

c)

50 lakh

d)

120 crore

10.

In GST, what does 'LUT' stands for ?

a)

Letter of Underutilized tax

b)

Letter of Undertaking

c)

Legal understanding for Taxation

d)

Letter of uninterrupted Trade

11.

What is the threshold limit for GST registration for businesses dealing in goods?

a)

10 lakh

b)

20 lakh

c)

40 lakh

d)

50 lakh

12.

What is the GST rate(%) for fresh fruits and vegetables?

a)

Exempt

b)

5 %

c)

12 %

d)

18 %

13.

What does 'GSTR' stands for in the Context of GST ?

a)

Goods and Services Tax Refund

b)

General Sales Tax Return

c)

Goods and State Tax Report

d)

Goods and Services Tax Return

14.

What is the minimum turnover limit for businesses required to generate e-invoices under GST ?

a)

5 crore

b)

7 crore

c)

10 crore

d)

50 crore

15.

In GST, what does 'HSN' stands for ?

a)

Harmonized system of Nomenclature

b)

High Sales Number

c)

Home State Notification

d)

Hybrid Service Nomenclature

16.

What is the maximum rate of GST prescribed under GST ACT ?

a)

24 %

b)

18 %

c)

28%

d)

30%

17.

Any amount payable under 'RCM on Rent' shall be paid by debiting _______

a)

Electronic Credit Ledger

b)

Electronic Cash Ledger

c)

Electronic Liability Ledger

d)

Bank

18.

New facility in GST portal, which allows the tax payer to accept, reject or mark displayed invoices as pending.

a)

CMP 08

b)

IMS

c)

GSTR2B

d)

GSTR4

19.

IGST is payable when the supply is _____

a)

Interstate

b)

intra-state

c)

out of the country

d)

UT

20.

Form used to amend outward details uploaded through GSTR1, before filing GSTR3B ?

a)

GSTR 2A

b)

GSTR 1A

c)

GSTR 2B

d)

GSTR3B