Practice Test

Q1) Which of the following person can opt for composition scheme? Show Answer

Q2) What is the threshold limit of turnover in the preceding financial year for opting to pay tax under composition scheme for States other than special category States? Show Answer

Q3) What is the threshold limit of turnover in the preceding financial year for opting to pay tax under composition scheme for special category states? Show Answer

Q4) What is the rate applicable under CGST to a registered person being a manufacturer opting to pay tax taxes under composition scheme? Show Answer

Q5) What is the rate applicable under CGST to a registered person being a hotelier (providing restaurant and accommodation services) opting to pay taxes under composition scheme? Show Answer

Q6) Mr. Richard, a trader in Delhi has opted for composition scheme of taxation under GST. Determine the rate of total GST payable by him under composition scheme. Show Answer

Q7) Can a registered person opt for composition scheme only for one out of his 3 business places having same Permanent Account Number? Show Answer

Q8) Can composition scheme be availed if the registered person effects inter-State supplies? Show Answer

Q9) Can a registered person under composition scheme claim input tax credit? Show Answer

Q10) Can a registered person opting for composition collect tax on his outward supplies? Show Answer

Q11) Which of the following will be excluded from the computation of ‘aggregate turnover’? Show Answer

Q12) What will happen if the turnover of a registered person opting to pay taxes under composition scheme during the year 2020-21 crosses threshold limit? Show Answer

Q13) Which of the following person can opt for composition scheme? Show Answer

Q14) What is the threshold limit of turnover in the preceding financial year for opting to pay tax under composition scheme for a trader in Mumbai? Show Answer

Q15) For certain Special category States, the reduced limit of 75 lakhs for opting composition scheme is available. The reduced limit of Rs. 75 Lakhs is not available for? Show Answer

Q16) ABC Ltd is manufacturer of goods opting for Composition scheme has effected turnover of Rs. 60 Lakhs during the financial year 2020-21. The CGST portion for composition tax payable by ABC Ltd is Show Answer

Q17) GST Ltd. has business places at Lucknow, UP and Kanpur, UP having the same PAN, and Aggregate Turnover in the financial year not exceeding Rs. 75 lakhs. Can it opt composition levy for Lucknow and normal levy at Kanpur? Show Answer

Q18) Composition levy is a ________ scheme Show Answer

Q19) The term “aggregate turnover” _______ the value of inward supplies on which tax is payable by a person on reverse charge basis. Show Answer

Q20) The term “aggregate turnover” ______ exempt supplies. Show Answer

Q21) The aggregate turnover will be computed _______ wise. Show Answer

Q22) Turnover of Karta of HUF in his individual capacity and turnover of Karta as a Karta of HUF ______ be aggregated. Show Answer

Q23) Supply of goods, after completion of job-work, by a registered job-worker shall be included in the turnover of _______. Show Answer

Q24) A person engaged in the supply of restaurant service ______ eligible for composition levy. Show Answer

Q25) A person engaged in making any inter-state outward supplies of goods ______ eligible for composition levy. Show Answer

Q26) A manufacturer of edible ice ______ eligible for composition levy. Show Answer

Q27) A manufacturer of tobacco ______ eligible for composition levy. Show Answer

Q28) The composition taxpayer ______ entitled to any credit of input tax. Show Answer

Q29) Composition levy is a mandatory scheme. Show Answer

Q30) The term “aggregate turnover” excludes export of goods. Show Answer

Q31) The term “aggregate turnover” includes inter-state supplies of person Show Answer

Q32) The term “aggregate turnover” excludes cess. Show Answer

Q33) The turnover of the partner and partnership firm will not be aggregated. Show Answer

Q34) The prescribed threshold limit for Karnataka is Rs. 1.5 Crore. Show Answer

Q35) Composition Levy rate is one per cent. Of the turnover in State or turnover in Union territory in case of restaurant services. Show Answer

Q36) A person engaged in making any supply of goods which are not leviable to tax under this Act is not eligible for composition levy. Show Answer

Q37) A person engaged in making any inter-state inward supplies of goods is eligible for composition levy. Show Answer

Q38) A manufacturer of ice cream is eligible for composition levy. Show Answer

Q39) A manufacturer of pan masala is not eligible for composition levy. Show Answer

Q40) The composition taxpayer shall not collect any tax from the recipient on supplies made by him. Show Answer