Practice Test

Q1) Central Taxes to be subsumed under GST include _______. Show Answer

Q2) State Taxes to be subsumed under GST include _______. Show Answer

Q3) One of the principles adopted for subsuming the taxes was that the taxes or levies to be subsumed should be primarily in the nature of_______. Show Answer

Q4) The subsumation of taxes should result in free flow of ______ in intra and inter-state levels. Show Answer

Q5) Chairperson of the GST council is ____. Show Answer

Q6) The Vice-chairman of the GST council is ________. Show Answer

Q7) GST would be applicable on ______ of goods or services. Show Answer

Q8) GST is based on the principle of _______ based consumption. Show Answer

Q9) Central & excise duty shall be levied in addition to GST on ______. Show Answer

Q10) To ensure single interface all administrative control over ______ of taxpayer having turnover below Rs.1.5 crore would vest with Central Tax administration and over _______ with the state tax administration. Show Answer

Q11) ______ is a tax that is shifted from one taxpayer to another. Show Answer

Q12) Indirect Tax is a ______. Show Answer

Q13) GST is charged on _______ of goods and services. Show Answer

Q14) GST is based on ______ consumption taxation. Show Answer

Q15) In area include the sea ______ between 12 nautical miles to 200 nautical miles, will be payable. Show Answer

Q16) The Central taxes to be subsumed in GST include Central Excise Duty, Service Tax and Central Sales Tax. Show Answer

Q17) The State taxes to be subsumed in GST include State VAT, Luxury Tax, Entry Tax, Central Sales Tax, Purchase Tax etc. Show Answer

Q18) Taxes or levies to be subsumed should primarily be in the nature of indirect taxes. Show Answer

Q19) The subsumation of taxes should result in free flow of goods and services in intra and inter-state levels. Show Answer

Q20) Union Finance Minister is the Vice-Chairperson of the GST council. Show Answer

Q21) The State Finance Minister’s shall choose one amongst themselves as Chairperson of the GST council. Show Answer

Q22) GST Council has made 5 laws namely CGST law, UTGST law, SGST law, IGST law and GST compensation law. Show Answer

Q23) The administrative control over tax payers having turnover below 1.50 crores is divided in the ratio of 90:10 between state and centre. Show Answer

Q24) The administrative control over tax payers having turnover above 1.50 crores is divided in the ratio of 10:90 between centre and state. Show Answer

Q25) Center excise duty is to be levied in addition to GST on petroleum products. Show Answer

Q26) Indirect Tax is a tax where incidence and impact of taxation fall on the same person. Show Answer

Q27) indirect Tax is a regressive tax. Show Answer

Q28) GST extends to whole of India expect Jammu and Kashmir. Show Answer

Q29) Import of goods or services is treated as inter-state supply. Show Answer

Q30) IGST is one of the two taxes charged on every intra-state transaction. Show Answer

Q31) CGST and SGST are both charged on inter-state transaction. Show Answer

Q32) In an area inside the sea between 12 nautical miles to 200 nautical miles, UTGST will be payable. Show Answer

Q33) Export of goods or services is considered as zero-rated supply. Show Answer

Q34) The administrative control over taxpayers having turnover below 1.50 crores is divided in the ratio of 90:10 between state and centre. Show Answer

Q35) The administrative control over taxpayers having turnover above 1.50 crores is divided in the ratio of 90:10 between centre and state. Show Answer

Q36) Union Finance Minister is Vice-Chairperson of the GST council. Show Answer

Q37) The central taxes to be subsumed in GST include central Excise Duty, Service Tax, and Central sales Tax. Show Answer

Q38) The state Taxes to be subsumed in GST include State VAT, Luxury Tax, Entry Tax, Central Sales Tax, Purchase Tax etc. Show Answer

Q39) GST council has made 5 laws namely CGST Law, SGST Law, IGST Law, UTGST Law and GST compensation Law. Show Answer