GST Multiple Choice Questions and Answers

111. 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

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

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

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

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

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

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

115. What is conveyance?

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

116. 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

117. 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

118. 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

119. 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

120. Under GST, Smartphones will be taxed at ................... percent

1. 14%
2. 12%
3. 18%
4. 5%