Goods and Services Tax (GST) MCQs with answers Page - 7

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. A NIL return means:

  • (A) Return with no transactions
  • (B) Return with errors
  • (C) Return with partial entries
  • (D) Return filed manually

A

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Q. Which tax rate is generally applied to essential commodities under GST?

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

A

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Q. What happens if a composition dealer collects tax from customers?

  • (A) He gets ITC
  • (B) No action is taken
  • (C) He must pay penalty
  • (D) He gets refund

A

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Q. What is the meaning of input tax?

  • (A) Tax paid on income
  • (B) Tax paid on goods used for production
  • (C) Tax on final goods
  • (D) None of the above

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Q. Which of the following cannot be claimed as input tax credit?

  • (A) Office stationery
  • (B) Company car used personally
  • (C) Raw materials
  • (D) Capital goods

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Q. Which of these is a zero-rated supply under GST?

  • (A) Petroleum
  • (B) Alcohol
  • (C) Export of goods
  • (D) Electricity

A

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Q. Which authority can audit GST records of a taxpayer?

  • (A) Income Tax Department
  • (B) CBIC
  • (C) GST Officer
  • (D) SEBI

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Q. What is the time limit for issuing a credit note under GST?

  • (A) 30 days
  • (B) 90 days
  • (C) End of financial year or September of following year
  • (D) No time limit

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Q. Which of the following transactions is outside the scope of GST?

  • (A) Sale of land
  • (B) Sale of mobile phones
  • (C) Sale of television
  • (D) Hotel accommodation

A

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Q. The HSN code is mandatory for taxpayers having turnover more than:

  • (A) ₹1.5 crore
  • (B) ₹5 crore
  • (C) ₹10 crore
  • (D) ₹20 crore

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