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WorksheetsIndirect Taxes Laws- Quiz 1
Total questions: 10
Worksheet time: 3mins
Under GST, what is exactly taxed in a supply of goods or services?
Total Value of Supply
Only the amount of Value Added
Cost of goods or services sold
Specified amount set by GST Council
As per the concept of destination based tax , the SGST/ UTGST component accrues to the:
State Government/ UT where the sale takes place
Central Board of Direct Taxes
Central Board of Indirect Taxes and Customs
GST Authority which has jurisdiction over place of consumption
Who enacted UTGST Acts for Union Territories without a legislature?
Parliament of India
Respective Union Territories
Pime Minister of India
GST Council
How many schedules does the Assam GST Act, 2017 have?
Four
Five
Six
Seven
How is the Cascading Effect of taxes eliminated in the GST regime?
Reimbursement by Central Government
Reimbursement by State Government
Distribution of GST compensation fund
Input Tax Credit
Which is NOT a benefit of GST?
Reduction in Tax rates
Removal of cascading effect of taxes
Increased Tax Collection
Recording of business income
Which of the following taxes has NOT been subsumed by GST?
Service Tax
Purchase Tax
Anti Dumping Duty
Additional Duties of Customs
Which of the following is NOT a commodity that has been kept outside the scope of GST?
Achohol for Human Consumption
Aviation Turbine Fuel
Defence Equipments procured by Indian Armed Forces
Electricity
Who among the following does not have voting rights in GST Council meetings?
Finance Minister of Union Government
Union minister of State
Ministers from State Governments
Chairman of CBIC
GSTN is a:
Government Company not for profit
Public Company not for profit
Private Companyfor profit
Not for profit, Non Government Company
