GST Multiple Choice Questions and Answers

11. Presently how many countries have implemented GST?

1. 102
2. 120
3. 140
4. 160

12. GST comes under which amendment bill?

1. 118
2. 120
3. 122
4. 115

13. Under which Constitutional Amendment Act, 2016, constitution was amended to introduce GST in India

1. 122
2. 101
3. 121
4. none of the above

14. Which article spells formation of GST Council?

1. 270
2. 246A (2)
3. 269A (1)
4. 279A

15. GST Council is referred under which Article of the Constitution?

1. 279
2. 277
3. 279A
4. 276

16. In which year GST was first introduced in India?

1. 2000
2. 2002
3. 2004
4. 2006

17. The Central Board of Excise and Customs CBE announced that every year .................. will be considered as GST Day

1. 1-Apr
2. 1-Mar
3. 1-Jun
4. 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:

1. 1,00,000
2. 1,50,000
3. 2,50,000
4. 5,00,000

19. What is the threshold limit for an individual limit for GST registration?

1. 10 lakh
2. 12 lakh
3. 15 lakh
4. 20 lakh

20. What is the threshold limit for composition levy?

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