a) Goods & b) Goods & d) Government

1. GST stands for Services Tax Act Services Tax c) Good service Tax service tax

c)Competitive
in both
b) competitive in domestic & d) competitive
2. GST would make a) competitive in International international in Developed
Indian products domestic market market market countries

3. What is the
constitutional
amendment number
to bring GST Law? a) 99 b) 100 c) 101 d) 103

d) To be
brought into
4. GST on certain a) GST if
petroleum products Temporarily b) Permanently Constitution is
and Crude left out of GST left out of GST c) Within GST amended.

a) Election b) Empowered c) European d) Electricity

5. EC stands for Commission Committee Commission Commission

6. Tobacco & Tobacco a) Only Excise c) Excise duty d) Additional

products attract duty b) Only GST and GST Excise duty

a) attracts
7. Alcoholic Liquor for state Excise c) Central Excise d) All of the
human consumption duty b) GST duty above

d) Both
8. Power to levy GST a) Only with b) only with state and
on intra state supply Union Territories Centre c) only with state Centre

9. GST levy came into

effect from a) 8/8/2018 b) 1/7/2018 c) 1/07/2017 d) 7/28/2017

c) is on supply d) sale of
of goods or goods and
10. Taxable event in a) is on b) is on service or provision of
GST manufacture production both service

d) 1/2 of
the
c) 1/2 of the members
11. Quorum for GST a) 2/3rd of the b) 1/3rd of the members present of the
Council meetings members members in a meeting Council
 d) Vice
president of
c) Finance India
12. Chairperson of b) President of b) Prime Minister minister of
GST Council India of India India

1. The ‘supply’ includes

a) only sale b) only exchange c) only Rental d) all forms of supply

2. ‘Furtherance of business’ means-

a) to improve the business b) to increase turnover c) to earn more profit d) there is certain
amount of permanency in business.

3. Activities without ‘consideration’ is supply if it finds a place in –

a) Schedule -III b) Schedule-I c) Schedule-I d) None of the above.

4. Activities that are neither supply of goods or service specified in the-

a) Schedule -III b) Schedule-I c) Schedule-I d) None of the above.

5. The activities to be treated as supply of goods or supply of services is referred in -

a) Schedule -III b) Schedule-I c) Schedule-I d) None of the above.

6. Supply includes-
a) all Import of service b) all import of service for a consideration c) all import of service for a
consideration whether or not in the course or furtherance of business d) import of service for
personal use.
7. Supply of goods from TT to TT is –

a) taxable supply b) Non-taxable supply c) exempted supply d) Nil rate supply

8. Importing of ‘goods’ is-

a) taxable supply b) Non-taxable supply c) exempted supply d) Nil rate supply

9. ‘Works contract’ under GST law is-

a) supply of goods b) supply of service c) supply of goods and service d) actionable claim

10. ‘Actionable claim’ under GST law is

a) supply of service b) supply of goods c) neither d) both

11. Supply under Hire purchase agreement is-

a) Supply of goods b) supply of service c) supply of works contract d) Actionable claim

12. Treatment or process on material supplied by a person is-

a) Supply of service b) Supply of goods c) Works contract d) Actionable claim
I. Choose the correct answer:
 b) c) both Goods
1. Works contract immovable Immovable
under GST covers a) Goods property property d) only service

 b) supply c) Actionable d) none of the

2. AMC for A/C is a) supply of goods of service claim above.

 d) All
3. Construction c) replacement or the
includes a) addition b) alteration remodeling above

4. supply of food by a
Restaurant is supply
of a) Goods  b) service c) works contract d) pure service

5. Supply of Tennis
Balls by a Club is
supply of a) service  b) goods c) neither d) both

6. Renting of Hall by a
Club to Members is
supply of a) goods  b) service c) neither d) both

7. Collection of
Maintenance cost by
an RWA is supply of  a) service b) Goods c) neither d) both

8. Collection of
membership fee by a
Trade Union is  a) service b) Goods c) neither d) both

9. Salary paid to a  b) non-

Company Secretary is a) taxable taxable c) Exempted d) Zero rated

10. A Commission  b) d) All the

Agent supplies a) Goods service c) WCT above

 d) All
11. Actionable claim the
is taxable if a) Lottery b) Betting c) Gambling above

12. Gifts are taxable if

the……………exceeds d) Any of the
Rs.50000/- b) Price  b) Value c) GST amount above
V. Examine whether the following is supply of Goods or service:

i) Registration by a person in “Shadi.com” to access the information on Brides and Grooms on

payment of Rs.10000/- :
ii) Cloud accounting ;

iii) Storage of data by a person in Chennai in a server in Canada on payment of annual charges.
iv) Allotting Car parking area by a Builder to a buyer of a Flat on payment of Rs.2.5 lac:

v) Accepting Deposits by a Builder before construction of a Complex but receiving consideration

after receipt of Completion Certificate from Competent Authority.
vi) Supply of 50% of the Flats constructed in a complex to the land owner in a Joint Development
Agreement. :

vii) Permanent Transfer of a Factory of Astra Ltd., to Astro ltd.,

viii) Telephone Line given by Dr.Reddy’s Lab Ltd., to the top level employees free of charge.

ix) Consideration received by a Builder after occupation by a buyer. :

x) Penalty charged by Hyundai Ltd., on KMJ Ltd., for delay in supply of Goods. :

xi) Renting a standby Generator to a person at Rs.3000/month. :

xii) Mr. W owns a Flat which he has given on lease to Toyota ltd., and in turn Toyota has given the
Flat to GM of the company for residence. :
xiii) Renting of Locker by a SBI to an Account holder :

xiv) Supply of Alcoholic Liquor by a Bar in a Hotel: :

xv) Delivery of Food by Swiggy, Zomato, Uber Eats, Food panda , Domino’s, Pizza Hut,
Just Eat, Faaso’s, Tasty Khana & Food Mingo. :

VI) Are the following ‘Goods’?

a) Carrying Parrots in a Cage from Chennai to Chandigarh:
b) Drawings & Designs relating to a Machine
c) Master copies of Film songs
d) Supply of Electricity
e) Claim of unpaid Dower
f) Claim of arrear of Rent
g) Right to Telecast a TV program in foreign countries
h) Supply of Goods at future date
i) Buying and selling of securities by an Investor
j) Buying or selling of securities for an Investor

I. Choose the correct answer:

1. Works contract a) Composite c) none of the
under GST is supply b) Mixed supply above d) only service
k)
d) two or more
goods or
service or
2. Composite supply a) only two or b) only two or c) two or more combination
has more goods more service goods or service thereof.

a) naturally b) unnaturally
3. Mixed supply bundled bundled c) bundled d) integrated

c) transaction
4. GST is payable on a) sale price b) Supply price value d) money value

5. Value of supply a) Interest on b) interest on c) interest on

includes delayed payment deposit advance d) all the above

6. Transaction value b) CGST & c) Compensation

excludes a) IGST SGST/UTGST Cess d) all the above

7. Transaction value a) Central excise b) Entertainment c) state excise

includes duty tax duty d) all the above

8. ‘person’ under GST d) any pe

includes a) only natural person b) Legal person c) artificial person rson

9. ‘related person’ c) sole

includes a) only sole agent b) sole distributor concessionaire d) all the above

10. Transaction value

includes subsidy given b) state c) any of the
by a) Central Govt government above d) NGO

c) includes deposit
b) Excludes if applied against d) none of the
11. Consideration a) deposit deposit payment above

c) as defined in the
12. ‘family’ means b) all relatives b) friends CGST Act d) all in a home

Examine whether the following is ‘composite supply’ or ‘mixed supply’ of Goods or service:

I Mobile phone with Charger and headset

ii) Body building
 iii) Geometry Box containing Protractor, Set square, Compass, Divider and scale.

iv) A supply of a package consisting of canned foods, sweets, chocolates, cakes, dry fruits,
aerated drinks and fruit juices when supplied forRs.250/-
v) A house is given on rent one floor of which is to be used as residence and the other for
housing a printing press.

vi) Supply of printed envelopes, letter cards, printed boxes, tissues, napkins, wall paper etc.,
printed with design, logo etc. supplied by the recipient of goods

vii) Printing of books, pamphlets, brochures, annual reports, and the like, where only
content is supplied by the publisher.

viii) A kit which contains a tie, a watch, a wallet and a pen

ix) Chess board with Pawns

x) Cricket Bat, Ball, Stumps and Bale supplied together for Rs.2500/-

V) What is the rate of tax in the case of following supplies?

i) Supply of A/C with installation (GST on A/C:28% and Installation: 18%)

ii) Supply of TV with Extended warranty (GST on TV:12%; Extended warranty:18%)

iii) Supply of ‘food’ in Rajdhani Express (GST: Food:12% Train Ticket:5%)

iv) A training programme that includes training by the faculty, provision of study material
and providing high tea to the trainees. (GST: Training:18%, material:12& High Tea:5%)

v) A dealer sells a brand-new vehicle along with registration, insurance, a tool kit and
first aid kit, and 4 free maintenance services. (GST: Vehicle: 28%, Tool Kit: 12%, First
Aid kit:5%; Free maintenance; 18%)

VI) S ltd., a manufacturer, selling sells a power drill to a wholesaler. The MRP is Rs. 5,000 but
ABC sells it for Rs. 4,000 + GST. GST on Tools is 12%.

Vii) R & Co., manufactures and sells Power Switches. The company offers 15% Trade Discount
and 1% cash Discount to dealers. The MRP of the Switch is Rs.77/-. What is the GST payable
on supply of 700 switches to the dealer, If GST rate on switches is 6%(CT Rate)?

VIII) Vivek & Co., sold a washing Machine for Rs.20000/- and charged Transportation: Rs.700
and Installation Rs.2000 on a customer. The GST rate on Washing Machine: 28%,
Transportation:5% and Installation:18%. What is the GST payable if the above information of
charges excludes GST?

Choose the Correct answer out of four answers:

1. If a supplier of goods received subsidy of Rs.1000/-unit from state government on supply of 200
Braille’s to a Blind school at Rs.12000/- the Transaction value is-

a) Rs. 12000/- b) Rs.13000/- c) Rs.11000 d) Rs.1000/-

2) If goods are sold for Rs.50000/- and interest for delayed payment charged was Rs.500, the
Transaction value is-

a) Rs.50000/- b) Rs.500/- c) Rs.50,500/- d) Rs.49500/-

3) If the supply value is Rs.10000 on which 10% Trade Discount is given on Invoice, the taxable
value is-

a) Rs.11000/- b) Rs.9000/- c) Rs.10000/- d) Rs. 1000/-

4) If year ending discount of 1% is given in March 2019 on a supply made during January 2019 at a
basic price of Rs.1 lac, the taxable value at the time of supply of goods was-

a) Rs.99000/- b) Rs.100000/- c) Rs.10000/- d) Rs.1000/-

5) If X ltd., supplied goods for Rs.5 lac to M. Ltd and M Ltd., paid Rs. 20000/- to K Ltd., a supplier of
raw material to X Ltd., on behalf of X ltd., the transaction value is-

a) 500000/- b) 520000/- c) 480000/- d) none of the above

6) Where subsidy is received it is to be included at the hands of-

a) The supplier of goods b) the recipient of goods c) the manufacturer d) Consumer

7) Transaction value includes-

a) primary packing charges b) Secondary packing charges c) Special secondary packing charges
d) all the above

8) Any Discount given after supply of goods or service is deductible only if –

a) there is an agreement to extend such discount before or at the time of supply b) the recipient has
reversed the ITC c) both the above conditions are satisfied d) Any one of the conditions of (a) /(b) is
satisfied

9) Which of the element not deductible from Transaction value?

a) Commission paid to agent b) Del credere commission c) over riding commission d) all the
above.

10) Which of the following levy not includable in the Transaction value?

a) Central excise duty b) Entertainment tax c) IGST d) VAT

11) Transaction value shall include where the supply of patterns or tools or Dies is by the Recipient
to Supplier -

a) Cost of Patterns b) cost of tools c) Cost of dies d) none of the above

12) Transaction value shall not include-

a) durable returnable packing b) Packing material supplied by recipient c) durable and non-
returnable packing d) none of the above

Choose the Correct answer out of four answers:

1. ITC stands for-

a) Input tax credit b) International Trade Classification c) Indian trade credit

d) internal trade credit.

2) ITC can be taken in the record -

a) Electronic Cash Ledger b) Electronic credit Ledger c) Electronic Liability Register

d) ITC Ledger

3) ITC can be taken on the document-

a) Tax invoice b) Debit Note c) Bill of Entry d) All the above

4) To avail ITC, the goods-

a) must be physically received in to the premises b) are delivered by the supplier to the Carrier
or recipient c) taken for production d) are converted into final product

5) To avail ITC, the periodical return is to be filed by

a) the supplier b) the recipient c) none of the above d) any of the above

6) To avail ITC, the Recipient ought to have paid the GST within-

a) 6 months from the date of Invoice b) 180 days from the date of Invoice c) 181 days
from the date of Invoice d) 60 days from the date of Invoice

7) Where capital goods value of Rs.5 lac purchased at 18%, GST the depreciation admissible is-

a) Rs.90000/- b) Rs.75000 c) Rs.88500 d) Rs.50000

8) ITC on a document pertaining to F.Y.2017-18 is to be taken before –

a) date of filing of September Return in 2017 b) due date for filing September Return or date of
filing of Annual return whichever is earlier in 2018 c) due date for filing September return in 2018
d) Any one of the above conditions of is satisfied.

9) Capital goods means-

a) Goods purchased from capital b) Goods that are capitalized in the books of accounts c)
Goods that are utilized for production d) all the above.
10) ITC is admissible on motor vehicle or conveyance, if

b) a person is a supplier of such conveyance b) a person is engaged in transportation of

passengers c) a person imparting driving/navigating/flying skill d) all the above

11) ITC admissible on motor vehicles or conveyance used for transportation of goods

a) by a manufacturer b) by a service provider c) by a dealer d) any of the above

12) ITC is not admissible on –

a) membership in a club b) membership in health or fitness centre c) travel benefits

d) all the above

a) durable returnable packing b) Packing material supplied by recipient c) durable and non-
returnable packing d) none of the above

Is ITC admissible on the following to a manufacturer of goods or service provider?

a) Pick and drop of employees by Infosys Ltd. By engaging a Cab operator
b) Membership in Gymkhana Club to MD of TCS ltd.,
c) Biscuits and soft drinks supplied during annual day to employees
d) A & Co., a dealer in edible preparations and beverages purchasing goods from manufacturer
e) An Event management company procuring packaged drinking water
f) Works contract service used by XYZ ltd., to construct factory building
g) Works contract service used to lay foundation to place the water tanker
h) Alteration expense paid to a works contactor which expense charged to P & L A/c
i) Inputs used in samples given free to consumers
j) Hot Pack purchased and given to employees on Annual day celebrations

I. Choose the Correct answer out of four answers:

1. Credit on inputs should be availed based on……

a) Receipt of Invoice b) Receipt of goods c) Receipt of goods and Invoice d) Receipt
of either Invoice or goods

2) ITC is available for-

a) person registered under CGST Act, 2017 b) person registered under Companies Act, 2013
c) person unregistered under CGST Act, 2017 d) person registered with Registrar of Firms

3. The tax paying documents in section 16(2) is

a) Bill of entry, Invoice raised on RCM supplies, etc b) Acknowledged copy of tax paid to
department c) Supply invoice by the recipient d) Any of the above

4. The time limit to pay the value of supply with taxes to avail the input tax credit?

a) 3 months b) 6 months c) 180 days d) till the date of filing of Annual return

5. Can the recipient avail the Input tax credit for the part payment of the amount to the supplier within
one hundred and eighty days?
a) Yes, on full tax amount and partly value amount b) No, he can’t until full amount is paid to
supplier c) Yes, but proportionately to the extent of value and tax paid d) Yes, if GST officer
permits.

6. Whether credit can be availed without actual receipt of goods where goods are transferred
through transfer of document of title before or during the movement of goods?

a) Yes b) No c) Yes, in specific instances d) Can be availed only after transfer of

document of title after movement of goods.

7. Exempt supplies under Section 17 (apportionment of credit) includes

a) Only exempted supplies as defined in the Act b) Reverse charge supplies and sale of land c)
Exempted supplies, reverse charge supplies, Transaction in securities, sale of land, sale of building
d) None of the above

8. ITC can be claimed by a registered person for-

a) Taxable supplies for business purpose b) Taxable supplies for non-business purpose c) Exempted
supplies d) Non-taxable supplies

9. ITC on motor vehicle or conveyance can be claimed by-

a) any registered person b) Registered person engaged in same line of business or

transportation of passengers or imparting driving/flying/navigating skill/transport goods c)
Any registered person engaged in exempted supply d) Any of above

10. An unregistered person can avail ITC on stock-

a) if he applies for registration within 60 days of becoming liable to register under GST b)
Immediately after becoming liable to register under GST c) within 30 days of becoming liable to
register under GST d) Cannot avail ITC on stock.

11. On sale, demerger, transfer, amalgamation, transferee is allowed to utilize ITC which is- a)
Unavailed in transferor books b) Unutilized in e-ledger of transferor c) Total ITC available to
transferor d) None of above

12. Where goods are received in lots or instalments ITC can be taken upon receipt of-
a) on receipt of delivery challan b) first lot c) last lot d) on receipt of Invoice