Goods and Services Tax (GST) MCQs with answers Page - 4

Here, you will find a collection of MCQ questions on Goods and Services Tax (GST). Go through these questions to enhance your preparation for upcoming examinations and interviews.

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Q. Which tax is levied and collected by the Central Government and shared with the states?

  • (A) SGST
  • (B) CGST
  • (C) IGST
  • (D) UTGST

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Q. The composition scheme under GST is not available for which of the following businesses?

  • (A) Restaurant services
  • (B) Manufacturing units
  • (C) Traders
  • (D) Service providers (except restaurant)

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Q. Which of the following taxes is outside the purview of GST?

  • (A) Customs Duty
  • (B) Excise Duty
  • (C) VAT
  • (D) Entertainment Tax

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Q. What is the frequency of filing GSTR-1 for taxpayers with turnover up to ₹5 crore?

  • (A) Monthly
  • (B) Quarterly
  • (C) Half-Yearly
  • (D) Annually

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Q. Which form is used for opting into the composition scheme?

  • (A) CMP-01
  • (B) CMP-02
  • (C) GSTR-4
  • (D) REG-01

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Q. Which one of these is a GST return form for composition dealers?

  • (A) GSTR-4
  • (B) GSTR-1
  • (C) GSTR-9
  • (D) GSTR-3B

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Q. In case of exports, the rate of GST is:

  • (A) 5%
  • (B) 12%
  • (C) 18%
  • (D) 0%

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Q. Which of the following items is NOT currently under the GST umbrella?

  • (A) Electricity
  • (B) Smartphones
  • (C) Air conditioners
  • (D) Furniture

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Q. Which input is not eligible for Input Tax Credit (ITC)?

  • (A) Goods used for personal consumption
  • (B) Raw materials used in production
  • (C) Capital goods used in business
  • (D) Input services used in taxable supply

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Q. Under GST, what is the HSN code used for?

  • (A) Tracking of returns
  • (B) Identifying services
  • (C) Identifying goods
  • (D) Verifying registration

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