National Level Online Quiz on GST
DYPIMS has designed a National Level Online Quiz on GST for FREE. Dr D Y Patil Institute of Management Studies (DYPIMS) Pune is one of the most reputed top 5 MBA Institutes under SPPU. More than 60% score in the Quiz ensures e- certificate (mailed on the email provided by you).Request you to click on the link provided to participate.
Here You can sell all the questions which are asked in this quiz competition
1. Who is considered as an e-commerce operator, who _____________digital or electronic facility or platform for electronic commerce.
Owns
Operates
Manages
Any of the above
2. GST is which type of Tax
Direct Tax
Indirect Tax
Both Direct and Indirect Tax
None of the above
3. Indian GST model has _________ rate structure
3
4
5
6
4. Balance in electronic credit ledger under CGST can be used against which liability?
CGST Liability only
CGST and IGST liability
CGST, IGST and SGST liability
None of them
5. CGST stands for
Consumption Goods and Services Tax
Central Goods and Services Tax
Common Goods and Services Tax
Consumer Goods and Services Tax
6. Household items like sugar, tea, coffee (barring instant coffee) and edible oil will attract the tax rate of _______________ per cent
5%
0%
12%
18%
7. Only ______________ has dual GST model (Just like India is going to implement Dual GST Model).
Canada
Bahamas
Jamaica
Mexico
8. Instant food mixes like Sharbat, food mixes, Pastries and cakes, pasta, ice cream and soups.
12%
0%
28%
18%
9. Refunds under GST will not be allowed in cases of:-
Exports made on payment of tax
Exports made without payment of tax
Where tax on inputs are higher than tax on outputs
All of the above
10. SGST stands for
Social Goods and Services Tax
State Goods and Services Tax
Supplier Goods and Services Tax
Society Goods and Services Tax
11. Which of the following taxes will be levied on Imports of Goods and Services
CGST
SGST
IGST
Exempt
12. When an e-commerce operator is required to register under GST?
When he is required to collect tax at source u/s 52
When his aggregate turnover exceeds the threshold limit
When he is required to discharge tax on the taxable supply or services made by the
It is mandatory to register irrespective of the threshold limit.
13. What is the validity of the registration certificate?
Five years
Ten years
No validity
Valid till it is cancelled
14. Before GST, insurance was taxed at 15 per cent. Under GST, this would go up to__________ per cent.
5%
0%
12%
18%
15. GST is _______________ based tax on consumption of goods and services
Duration
Destination
Dividend
Destiny
Development
16. ITC stands for
Input Tax Credit
Internal Tax Credit
Integrated Tax Credit
Inter-related Tax Credit
17. The main objective of GST is to ______________ excessive taxation.
exempt
exclude
eliminate
None
18. In India GST became effective from *
1st April, 2017
1st January, 2017
1st July, 2017
1st March, 2017
19. Under GST regime, ACs and refrigerators will fall in the __________________ tax slab *
5%
28%
12%
18%
20. How will the goods and services be classified under GST regime?
SAC/HSN Code
HSN Code
SAC Code
GST Code
None of the above
21. Common use products like hair oil, soaps and toothpaste will be charged with aGST of ___________ per cent.
5%
0%
12%
18%
22. GST stands for
Goods and Supply Tax
Government Sales Tax
Goods and Services Tax
General Sales Tax
23. What is the Tax Rate on essential items like salt, unpacked food grains, health care services ? *
0%
1%
2%
3%
24. Chewing gums, white chocolate, chocolates containing cocoa, wafers coated with chocolate, instant coffee, custard powder, students' colours, paints, varnishes, perfumes,beauty products, sunscreen, shampoos, hair dyes, after-shave lotions and deodorants will attract tax rate of ________________ per cent. *
5%
28%
12%
18%
25. IGST stands for
Integrated Goods and Services Tax
Investment Goods and Services Tax
Internal Goods and Services Tax
Imports Goods and Services Tax
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