Gst

31. The tax IGST charged by _________Government.

Central
State
Concerned department
Both a and b E. All a, b and c

Join Our Telegram Channel
Subscribe on YouTube
class="read-more button" href="https://exam.pscnotes.com/mcq/the-tax-igst-charged-by-_________government/#more-55146">Detailed SolutionThe tax IGST charged by _________Government.

32. GST comes under which amendment bill?

118
120
122
115 E. 129

Join Our Telegram Channel
Subscribe on YouTube
button" href="https://exam.pscnotes.com/mcq/gst-comes-under-which-amendment-bill/#more-54890">Detailed SolutionGST comes under which amendment bill?

33. Whether credit on capital goods can be taken immediately on receipt of the goods?

Yes
After usage of such capital goods
After capitalizing in books of Accounts
None of the above

Subscribe on YouTube

capital goods
Join Our Telegram Channel
can be taken immediately on receipt of the goods?" class="read-more button" href="https://exam.pscnotes.com/mcq/whether-credit-on-capital-goods-can-be-taken-immediately-on-receipt-of-the-goods/#more-54153">Detailed SolutionWhether credit on capital goods can be taken immediately on receipt of the goods?

34. Under what circumstances physical verification of business premises is mandatory?

Physical verification of business premises is a discretionary power of proper officer.
If additional information for registration asked by the proper officer is not submitted within specified time.
If certificate of registration is obtained on misrepresentation of facts.

Detailed SolutionUnder what circumstances physical verification of business premises is mandatory?

35. When can the transaction value be rejected for computation of value of supply

When the buyer and seller are not related and price is not the sole consideration
When the buyer and seller are related or price is not the sole consideration
It can never be rejected

Detailed SolutionWhen can the transaction value be rejected for computation of value of supply

36. The registered recipient must issue an invoice in the following cases:

The supplier fails to issue an invoice
The supplier is unregistered
The goods or services received notified for tax on reverse charge basis
All of the above

Detailed SolutionThe registered recipient must issue an invoice in the following cases:

37. Can a registered person opt for composition scheme only for one out of his 5 business different units having same Permanent Account Number?

Yes
No
Yes, with prior approval of the Central Government
Yes, subject to prior approval of the GST Council

Join Our Telegram Channel

42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube registered person opt for composition scheme only for one out of his 5 business different units having same Permanent Account Number?" class="read-more button" href="https://exam.pscnotes.com/mcq/can-a-registered-person-opt-for-composition-scheme-only-for-one-out-of-his-5-business-different-units-having-same-permanent-account-number/#more-53284">Detailed SolutionCan a registered person opt for composition scheme only for one out of his 5 business different units having same Permanent Account Number?

38. In India GST was first proposed in _______.

1993
1996
1999
2000 E. 2002

Detailed

Join Our Telegram Channel
132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube
SolutionIn India GST was first proposed in _______.

39. Can Banking Company or Financial Institution withdraw the option of availing actual credit or 50% credit anytime in the financial year?

Yes
nan
nan
nan

Detailed SolutionCan Banking Company or Financial Institution withdraw

Join Our Telegram Channel
Subscribe on YouTube
the option of availing actual credit or 50% credit anytime in the financial year?

40. What is the maximum rate prescribed under CGST?

12%
20%
28%
18%

Join Our Telegram Channel
Subscribe on YouTube
href="https://exam.pscnotes.com/mcq/what-is-the-maximum-rate-prescribed-under-cgst/#more-52651">Detailed SolutionWhat is the maximum rate prescribed under CGST?

Page 1Page 2Page 3Page 4Page 5
Test 1Test 2