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GST Questions

The document contains a series of questions and answers regarding the Goods and Services Tax (GST) in India, covering topics such as payment dates, exemptions, and tax rates. Key points include the definition of time of supply, the applicability of composition levy, and the types of goods and services exempt from GST. It also highlights the subsumption of certain taxes under GST and the exclusive legislative rights of the Central Government.

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0% found this document useful (0 votes)
59 views2 pages

GST Questions

The document contains a series of questions and answers regarding the Goods and Services Tax (GST) in India, covering topics such as payment dates, exemptions, and tax rates. Key points include the definition of time of supply, the applicability of composition levy, and the types of goods and services exempt from GST. It also highlights the subsumption of certain taxes under GST and the exclusive legislative rights of the Central Government.

Uploaded by

Lucky Dalvi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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GST Questions

1. Question: Date on which the supplier receives the payment as per section 13 of CGST Act is

o Answer: Date entered in books of accounts or date of credit in bank account,


whichever is earlier

2. Question: IGST is levied on

o Answer: Inter-State Supplies

3. Question: Composition levy is not applicable to

o Answer: Manufacturer of Ice Cream

4. Question: Determine Time of Supply in case of supply of services by Chartered Accountant


under Forward Charge Mechanism if: Date of provision of service - 26th January 2022, Date
of Invoice is - 3rd March 2022, Date of recording the payment 18th February 2022 Date of
credit of the payment 16th February 2022

o Answer: 16th February 2022

5. Question: Following supplies of goods are exempted from GST

o Answer: Potatoes

6. Question: GST is levied on supply of all goods and services except:

o Answer: Alcoholic liquor for human consumption

7. Question: Rate of Composition Levy for manufacturers is

o Answer: 1%

8. Question: What is the maximum rate of CGST prescribed under CGST Act?

o Answer: 20%

9. Question: Which of the following taxes have been subsumed in GST?

o Answer: Central Excise Duty

10. Question: Which of the following activity is outside the scope of supply and not taxable
under GST?

o Answer: Services by an employee to the employer in the course of his employment

11. Question: Which of the following services provided by Department of Posts are exempt from
GST?

o Answer: Post card post

12. Question: The exemption for renting of community halls owned by religious trust is available
if the rent charged per day is less than

o Answer: RS 1,000
13. Question: A of Mumbai sold goods to B of Pune and removed for delivery on 30th January
2024 worth Rs 100,000/- and issued invoice on 31st January 2024. B paid Rs 50,000 advance
on 25th January 2024 & balance on 4th February 2024. What is Time of Supply?

o Answer: 25th January 2024

14. Question: What is the time of supply of vouchers when the supply with respect to the
voucher is identifiable?

o Answer: Date of issue of voucher

15. Question: Which of the following is not included in aggregate turnover for composition levy?

o Answer: CGST and UTGST

16. Question: Which of the following supplies are naturally bundled?

o Answer: Air Travel To UK - Fare includes travel + Food cost

17. Question: Which of the following is not Goods as per the GST?

o Answer: Money

18. Question: Which of the following is not true about GST?

o Answer: GST has reduced petrol prices

19. Question: Transportation of passengers by _______ are exempt from GST

o Answer: Metro

20. Question: List-I of the Constitution contains matters in respect of which _______ has the
exclusive right to make laws.

o Answer: Central Government

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