GST MCQ Questions and Answers Quiz

111. What does Taxable event mean?

  1. Tax on supply
  2. Tax on services
  3. either a) or b)
  4. both a) or b)

112. Tax is paid on which value?

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

113. 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

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

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

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

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

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

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

117. What is conveyance?

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

118. 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

119. 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

120. 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

MCQ Multiple Choice Questions and Answers on GST

GST Trivia Questions and Answers PDF

GST Question and Answer

Spreading Knowledge Across the World

USA - United States of America  Canada  United Kingdom  Australia  New Zealand  South America  Brazil  Portugal  Netherland  South Africa  Ethiopia  Zambia  Singapore  Malaysia  India  China  UAE - Saudi Arabia  Qatar  Oman  Kuwait  Bahrain  Dubai  Israil  England  Scotland  Norway  Ireland  Denmark  France  Spain  Poland  and many more....