GST MCQ Questions and Answers Quiz

61. A special purpose vehicle ................... has been launched to cater the needs of GST.

  1. GSTS
  2. GSTR
  3. GSTM
  4. GSTN

62. The turnover limit of Rs. 50 Lakh for composition scheme is not applicable to the state of

  1. Himachal Pradesh
  2. Uttarakhand
  3. Assam
  4. None of the above

63. One of the following states does not fall under special category given under Art. 279Aof the Constitution

  1. Himachal Pradesh
  2. Chhattisgarh
  3. Uttarakhand
  4. Jammu & Kashmir

64. What does the term person includes?

  1. HUF
  2. LLP
  3. Individual
  4. All of the above

65. Utilisation of integrated GST would be in which order?

  1. IGST, CGST, SGST
  2. CGST, SGST, IGST
  3. IGST, SGST, CGST
  4. SGST, IGST, CGST

66. How is Input Tax Credit on capital goods available?

  1. in single installment
  2. 10% every year
  3. equally in five installment
  4. none of the above

67. Input Tax Credit is available ……………………………..

  1. in the course or furtherance of business
  2. both a) and b)
  3. on other than business expenditure
  4. none of the above

68. An Associated Enterprise is mentioned in?

  1. Income Tax Act, 1961
  2. State GST Law, 2017
  3. Central GST Law, 2017
  4. Companies Act, 2013

69. Money means:

  1. Indian legal tender
  2. Foreign currency
  3. Cheque/ Promissory note
  4. all of the above

70. Agriculturist

  1. Individual or HUF
  2. Partnership
  3. Individual and HUF
  4. All the above
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