GST MCQ Questions and Answers Quiz

21. What is the threshold limit for composition levy?

  1. 40 lakh
  2. 30 lakh
  3. 1 crore
  4. 70 lakh

22. What is the threshold limit for composite tax levy?

  1. 60 lakh
  2. 70 lakh
  3. 50 lakh
  4. 1 crore

23. The rate of GST as applicable on goods and services are:

  1. 0% 5% 12% 16% 28%
  2. 0% 5% 12% 18% 28%
  3. 0% 6% 12% 18% 28%
  4. 0% 5% 12% 18% 26%

24. What is the weight of vote that the Centre has in the GST Council?

  1. 1/4th of total votes cast
  2. 1/2th of total votes cast
  3. 1/3rd of total votes cast
  4. none of the above

25. What is the weight of vote that the all the States together have in the GST Council?

  1. 1/4th of total votes cast
  2. 1/2th of total votes cast
  3. 2/3rd of total votes cast
  4. 3/4th of total votes cast

26. Which constitutional amendment is done to pass the GST bill?

  1. 101st
  2. 120th
  3. 122nd
  4. 115th

27. When was GST Council constituted?

  1. 12th September 2016
  2. 20th September 2016
  3. 13th September 2016
  4. 16th September 2016

28. When did the President of India gave assent to the Central GST Law?

  1. 18th April 2017
  2. 5th April 2017
  3. 22nd April 2017
  4. 12th April 2017

29. What is the rate of levy under composite scheme on the Manufacturer?

  1. 2 percent
  2. ½ percent
  3. 3 percent
  4. 1 percent

30. GST council formation based on Article number

  1. 279A
  2. 289A
  3. 266A
  4. 255A
Tags

MCQ Multiple Choice Questions and Answers on GST

GST Question and Answer