CA Intermediate GST (Indirect Tax) MCQ

1. In which of the following situations, taxpayer needs to reverse the credit already taken?

If payment is not made to the supplier within 45 days from the date of invoice

If payment is not made to the supplier within 90 days from the date of invoice

If payment is not made to the supplier within 180 days from the date of invoice

None of the above

2. Which of the following statements are correct?
(i) Revocation of cancellation of registration under CGST/SGST Act shall be deemed to be a revocation of cancellation of registration under SGST/CGST Act.
(ii) Cancellation of registration under CGST/SGST Act shall be deemed to be a cancellation of registration under SGST/CGST Act.
(iii) Revocation of cancellation of registration under CGST/SGST Act shall not be deemed to be a revocation of cancellation of registration under SGST/CGST Act.
(iv) Cancellation of registration under CGST/SGST Act shall not be deemed to be a cancellation of registration under SGST/CGST Act.

(i) and (ii)

(i) and (iv)

(ii) and (iii)

(iii) and (iv)

3. ‘P’ Ltd. has its registered office, under the Companies Act, 2013, in the State of Maharashtra from where it ordinarily carries on its business. It also has a warehouse in the State of Telangana. What will be the place of business of ‘P’ Ltd. under the GST law?

Telangana

Maharashtra

Both (a) and (b)

None of the above

4. If the goods are received in lots/installment, ——————————

50% ITC can be taken on receipt of 1st installment and balance 50% on receipt of last installment.

ITC can be availed upon receipt of last installment.

100% ITC can be taken on receipt of 1st installment.

Proportionate ITC can be availed on receipt of each lot/installment.

5. Services by way of warehousing of is exempt from GST.
(i) pulses
(ii)milk
(iii)salt
(iv)rice

(i) & (ii)

(iii)

(iv)

all of the above

6. What is the due date for payment of tax?

Last day of the month to which payment relates

Within 10 days of the subsequent month

Within 20 days of the subsequent month

Within 15 days of the subsequent month

7. Where the goods being sent or taken on approval for sale or return are removed before the supply takes place, the invoice shall be issued:

before/at the time of supply.

6 months from the date of removal.

Earlier of (a) or (b).

Later of (a) or (b).

8. Rama Ltd. has provided following information for the month of September:
(i) Intra-State outward supply ` 8,00,000/-
(ii) Inter-State exempt outward supply ` 5,00,000/-
(iii) Turnover of exported goods ` 10,00,000/-
(iv) Payment made for availing GTA services ` 80,000/- Calculate the aggregate turnover of Rama Ltd.

8,00,000/-

23,80,000/-

23,00,000/-

18,00,000/-

9. Which of the following services are exempt under GST?

testing of agricultural produce

supply of farm labour

warehousing of agricultural produce

all of the above

10. For banking companies using inputs and input services partly for taxable supplies and partly for exempt supplies, which of the statement is true?

ITC shall be compulsorily restricted to credit attributable to taxable supplies including zero rated supplies

50% of eligible ITC on inputs, capital goods, and input service shall be mandatorily taken in a month and the rest shall lapse.

Banking company can choose to exercise either option (a) or option (b)

None of the above

11. Mr. X, a registered supplier of Meghalaya wants to opt for composition levy. The turnover limit for composition levy is-

Rs. 50 lakh

Rs. 75 lakh

Rs. 1 crore

none of the above

12. Which of the following persons is required to obtain compulsory registration?

Persons exclusively engaged in making supplies tax on which is to be paid by the recipient on reverse charge basis under section 9(3).

Persons making inter-State supplies of taxable services up to Rs. 20,00,000

Persons making supplies of services through an ECO (other than supplies specified under section 9(5) of the CGST Act) with aggregate turnover up to Rs. 20,00,000

None of the above.

13. Transportation of goods by……..are exempt from GST.
(i) road
(ii) inland waterways
(iii) goods transportation agency
(iv) courier agency

(i) & (ii)

(iii) & (iv)

(i) and (iv)

(i) [except (iii) & (iv)] & (ii)

14. Which of the following services received without consideration amount to supply?
1) Import of services by a person in India from his son well-settled in USA
2) Import of services by a person in India from his brother well-settled in Germany
3) Import of services by a person in India from his brother (wholly dependent on such person in India) in France
4) Import of services by a person in India from his daughter (wholly dependent on such person in India) in Russia

1), 3) and 4)

2), 3) and 4)

2) and 3)

1) and 2)

15. Input tax credit is not available in respect of

services on which tax has been paid under composition levy

free samples

goods used for personal consumption

all of the above

16. Within how many days an application for revocation of cancellation of registration can be made?

Within 7 days from the date of service of the cancellation order.

Within 15 days from the date of issue of the cancellation order.

Within 45 days from the date of issue of the cancellation order.

Within 30 days from the date of service of the cancellation order.

17. Mr. Narayan Goel has booked a room on rent in Sunshine Hotel for the purpose of lodging on 10.08.20XX. GST is not payable by Mr.Narayan Goel in case rent for the same is

Rs. 800

Rs. 6000

Rs. 11000

Rs. 1500

18. Which of the following services are not exempt from GST?

Yoga camp conducted by a charitable trust registered under section 12AA of the Income-tax Act, 1961.

Services provided by business correspondent to the rural branch of a bank with respect to Savings Bank Accounts

Services provided by cord blood bank for preservation of stem cells.

Service provided by commentator to a recognized sports body

19. Which of the following are services exempt from GST?

Services by an artist by way of a performance in folk or classical art forms of painting/sculpture making etc. with consideration therefor not exceeding ` 1.5 lakh.

Services by an artist by way of a performance in modern art forms of music/ dance/ theatre with consideration therefor not exceeding ` 1.5 lakh.

Services by an artist by way of a performance in folk or classical art forms of music/ dance/theatre with consideration therefor not exceeding ` 2.5 lakh.

Services by an artist by way of a performance in folk or classical art forms of music/ dance / theatre with consideration therefor not exceeding ` 1.5 lakh.

20. GST is payable by recipient of services in the following cases:-
(i)Services provided by way of sponsorship to ABC Ltd.
(ii)Services supplied by a director of Galaxy Ltd. to Mr. Krishna.
(iii)Services by Department of Posts by way of speed post to MNO Ltd.
(iv)Services supplied by a recovering agent to SNSP Bank

(i) & (iii)

(i) & (iv)

(ii) & (iii)

(ii) & (iv)

21. ITC of motor vehicles used for_______________is allowed.

Transportation of goods

Transportation of passengers

Imparting training on driving

All of the above

22. Which of the following services does not fall under reverse charge provisions as contained under section 9(3) of the CGST Act-

Services supplied by arbitral tribunal to business entity

Sponsorship provided to any partnership firm

Sponsorship provided to any body corporate

All of the above

23. Mr. X, a registered person deals in supply of taxable goods. He need not issue tax invoice for the goods supplied on 16.04.20XX as the value of the goods is..

Rs. 1,200

Rs. 600

Rs. 150

Rs. 200

24. Invoice shall be prepared in
(i) ___________ in case of taxable supply of goods and in
(ii) in case of taxable supply of services.

(i) Triplicate, (ii) Duplicate

(i) Duplicate, (ii) Triplicate

(i) Duplicate, (ii) Duplicate

None of the above

25. What is the validity of the registration certificate?

One year

No validity

Valid till it is cancelled.

Five years.

26. Which of the following statement is true for Mr. X, a casual taxable person?

Mr. X is not required to take registration under GST.

Mr. X is required to get registration under GST, if the aggregate turnover in a financial year exceeds ` 20 lakh.

Mr. X can opt for voluntary registration under GST.

Mr. X has to compulsorily get registered under GST irrespective of the threshold limit.

27. In case of Goods Transport Agency (GTA) services, tax is to be paid under forward charge if:

GST is payable @ 12%

GST is payable @ 5% and a factory registered under the Factories Act, 1948 is the recipient of GTA service.

GST is payable @ 5% and an unregistered individual end customer is the recipient of GTA service.

None of the above

28. The due date of filing Final Return is_________.

20th of the next month

18th of the month succeeding the quarter

Within 3 months of the date of cancellation or date of order of cancellation, whichever is later

31st December of next financial year

29. A supplier takes deduction of depreciation on the GST component of the cost of capital goods as per Income- tax Act, 1961. The supplier can-

avail only 50% of the said tax component as ITC

not avail ITC on the said tax component

avail 100% ITC of the said tax component

avail only 25% of the said tax component as ITC

30. Which of the following persons is not eligible for composition scheme even though their aggregate turnover does not exceed Rs. 1 crore in preceding FY, in Uttar Pradesh?

A person supplying restaurant services

A person supplying restaurant services and earning bank interest

A person supplying restaurant services and warehousing of rice

A person supplying restaurant services and warehousing of processed tea

31. The time of supply of service in case of reverse charge mechanism is

Date on which payment is made to the supplier

Date immediately following 60 days from the date of issue of invoice

Date of invoice

Earlier of (a) and (b)

32. The persons making inter-State supplies from Madhya Pradesh is compulsorily required to get registered under GST,

If his all India based aggregate turnover exceeds ` 20 lakh in a financial year

If his all India based aggregate turnover exceeds ` 10 lakh in a financial year

Irrespective of the amount of aggregate turnover in a financial year

In case of making inter-State supply of taxable goods, irrespective of the amount of aggregate turnover in a financial year

33. Within how many days a person should apply for registration?

Within 60 days from the date he becomes liable for registration.

Within 30 days from the date he becomes liable for registration.

No Time Limit

Within 90 days from the date he becomes liable for registration.

34. A person having business verticals in a State obtain a separate registration for each business vertical.

Single, shall

Multiple, shall

Multiple, may

Single, May

35. Balance in electronic credit ledger can be utilized against which liability?

Output tax payable

Interest

Penalty

All of them

36. The term ‘goods’, as defined under section 2(52) of the CGST Act, 2017, does not include-

Grass

Money and securities

Actionable claims

Growing crops

37. Warehousing of is exempt from GST.
1) Rice.
2) Minor forest produce
3) Jaggery
4) Whole gram

1), 2) and 4)

1) and 3)

2), 3) and 4)

38. Can a registered person opting for composition scheme collect GST on his outward supplies?

Yes, in all cases

Yes, only on such goods as may be notified by the Central Government

Yes, only on such services as may be notified by the Central Government

39. An exempt supply includes-

Supply of goods or services or both which attracts Nil rate of tax

Non-taxable supply

Supply of goods or services or both which are wholly exempt from tax under section 11 of the CGST Act or under section 6 of IGST Act

All of the above

40. Which of the following activity shall be treated neither as a supply of goods nor a supply of services?
(i) Permanent transfer of business assets where input tax credit has been availed on such assets
(ii) temporary transfer of intellectual property right
(iii) transportation of deceased
(iv) services by an employee to the employer in the course of employment

(i) & (iii)

(ii) & (iv)

(i) & (ii)

(iii) & (iv)

41. Transport of______________by rail are exempt from GST:

Milk

Salt

Defence equipments

All of the above

42. A non-resident taxable person is required to apply for registration:

within 30 days from the date on which he becomes liable to registration

within 60 days from the date on which he becomes liable to registration

at least 5 days prior to the commencement of business

None of the above

43. The registration certificate granted to Non resident taxable person is valid for days from the effective date of registration.

120

44. 8 Transportation of by rail from Chennai to Gujarat are exempt from GST.
(i) pulses
(ii) military equipments
(iii) electric equipments
(iv) biscuits

(i) & (ii)

(i) & (iii)

(ii) & (iv)

all of the above

45. Registration certificate granted to casual taxable person or non-resident taxable person will be valid for:

Period specified in the registration application

90 days from the effective date of registration

Earlier of (a) or (b)

Later of (a) or (b)

46. How the aggregate turnover is calculated for computing threshold limit of registration?
(i) Aggregate value of all taxable supplies(excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, export of goods/services and interstate supplies of a person having same PAN computed on all India basis.
(ii) Aggregate value of all taxable supplies(excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, export of goods/services and interstate supplies of a person computed for each state separately.
(iii) Aggregate value of all taxable intrastate supplies, export of goods/services and exempt supplies of a person having same PAN computed for each state separately.
(iv) Aggregate value of all taxable supplies(excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, export of goods/services and interstate supplies of a person having same PAN computed on all India basis and excluding taxes if any charged under CGST Act, SGST Act and IGST Act.

(i)

(ii)

(iii)

(iv)

47. In case of taxable supply of services by a non- banking financial company (NBFC), invoice shall be issued within a period of______from the date of supply of service.

30 days

45 days

60 days

90 days

48. Services by way of admission to are exempt from GST.

Museum

National park

Tiger reserve

All of the above

49. Discount given after the supply is deducted from the value of taxable supply, if –

such discount is given as per the agreement entered into at/or before the supply

such discount is linked to the relevant invoices

proportionate input tax credit is reversed by the recipient of supply

all of the above

50. Which of the following shall be discharged first, while discharging liability of a taxable person?

All dues related to previous tax period

All dues related to current tax period

Demand raised under section 73 and 74

No such condition is mandatory.

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Start the MCQ test. Just click on the correct answer and click on “Next” button to find correct answer.

Continue this practice till end. After ending of the questions you will find your complete result of the test.

All the best.

Syllabus for GST in CA Intermediate/IPCC

Module-1
- Initial Pages
- Chapter 1: GST in India – An Introduction
- Chapter 2: Supply under GST
- Chapter 3: Charge of GST
- Chapter 4: Exemptions from GST
- Chapter 5: Time and Value of Supply
  - Unit I: Time of Supply
  - Unit II: Value of Supply
Module-2

3 Replies to “CA Intermediate GST (Indirect Tax) MCQ”

Priyanka says:

February 9, 2019 at 11:46 pm

Please sir also upload audit and itsm mcq

1. WisdomCA says:
  
  February 11, 2019 at 10:43 am
  
  Will be uploaded within 1 or 2 days.
  
Aysha Taranum says:

February 24, 2019 at 3:50 pm

Sir my module edition is 2016 …from where should I get MSQ notes

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3 Replies to “CA Intermediate GST (Indirect Tax) MCQ”

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