GST MCQ Questions and Answers Quiz

111. Tax is paid on which value?

  1. Transaction value
  2. manufacturing value plus profit
  3. manufacturing value
  4. notional value

112. First discussion paper (FDP) which formed the basis for GST in 2009 was released by

  1. Union Finance Ministry
  2. GST Council
  3. Dr. Manmohan Singh
  4. Empowered Committee

113. Which of the following country is the first one to implement GST?

  1. USA
  2. France
  3. China
  4. Switzerland

114. The country with highest GST Rate in the world is

  1. USA
  2. India
  3. China
  4. Greece

115. In India GST came affective from July 1st, 2017, India has chosen ................... model of dual GST.

  1. USA
  2. UK
  3. Canadian
  4. China

116. What is conveyance?

  1. vessel
  2. aircraft
  3. vehicle
  4. all of the above

117. The first committee to design GST model was headed by

  1. Vijay Kelkar
  2. Dr. Chidambaram
  3. Asim Das Gupta
  4. None of the above

118. IGST is levied on supply of goods and provision of services …………………………….

  1. within state
  2. between two states
  3. either of a) or b)
  4. none of the above

119. An assessee who has opted for the Composite Scheme, is he eligible to take input taxcredit?

  1. Yes
  2. May be
  3. No
  4. In certain cases

120. An assessee who has opted for the Composite Scheme, can he collect tax under GST?

  1. Yes
  2. May be
  3. No
  4. In certain cases
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