GST Multiple Choice Questions and Answers for Practice
GST MCQ Questions for Practice
16. In which year GST was first introduced in India?
Correct Answer is: 2000
17. The Central Board of Excise and Customs CBE announced that every year .................. will be considered as GST Day
Correct Answer is: 1-Jul
18. Tax deduction at the rate of 1% on certain persons, who are recipients of supply, fromthe payment made or credited to the supplier where total value of supply, undercontract, is exceeding rupees:
Correct Answer is: 2,50,000
19. What is the threshold limit for an individual limit for GST registration?
Correct Answer is: 20 lakh
20. What is the threshold limit for composition levy?
Correct Answer is: 1 crore
21. What is the threshold limit for composite tax levy?
Correct Answer is: 1 crore
22. The rate of GST as applicable on goods and services are:
Correct Answer is: 0% 5% 12% 18% 28%
23. What is the weight of vote that the Centre has in the GST Council?
Correct Answer is: 1/3rd of total votes cast
24. What is the weight of vote that the all the States together have in the GST Council?
Correct Answer is: 2/3rd of total votes cast
25. Which constitutional amendment is done to pass the GST bill?
Correct Answer is: 101st
26. When was GST Council constituted?
Correct Answer is: 12th September 2016
27. When did the President of India gave assent to the Central GST Law?
Correct Answer is: 12th April 2017
28. What is the rate of levy under composite scheme on the Manufacturer?
