GST MCQ Questions and Answers Quiz

71. What is IGST?

  1. Integrated Goods and Service Tax
  2. Indian Goods and Service Tax
  3. Initial Goods and Service Tax
  4. None of these

72. IGST is payable when the supply is ………………

  1. Interstate
  2. Intra- UT
  3. Intra-state
  4. All of the above

73. Input tax credit on compensation cess paid under GST (Compensation to States) Act, 2017

  1. is not available
  2. is available but not fully
  3. is available
  4. is available after one year

74. Which of the following true in respect of Goods and Service Tax

  1. It is destination based tax
  2. It is levied on supply of goods or services
  3. it is a consumption tax
  4. All of the above

75. The following tax will not be subsumed into GST:

  1. Luxury Tax
  2. Electricity duty
  3. entertainment tax
  4. value added tax

76. GST will be levied on

  1. Manufacturers
  2. Retailers
  3. Consumers
  4. All of the above

77. When does Quarter end?

  1. March
  2. December
  3. September
  4. All of the above

78. With the introduction of GST, imports will be

  1. more expensiv
  2. neutral with no change
  3. cheaper
  4. None of the above

79. The headquarters of GST council is located at

  1. New Delhi
  2. Lucknow
  3. Ahmadabad
  4. Mumbai

80. One of the following taxes is not subsumed under GST

  1. Octroi by local authorities
  2. Entry tax by State Governments
  3. Entertainment tax by local authorities
  4. Tax on lottery by State Governments

MCQ Multiple Choice Questions and Answers on GST

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GST Question and Answer

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