Quiz on GST

An engaging education-themed illustration featuring people taking a quiz on GST concepts in a bright, modern setting with charts and GST symbols in the background.

Master Your GST Knowledge

Welcome to the ultimate quiz on Goods and Services Tax (GST)! This quiz is designed to test your understanding of GST concepts, regulations, and practical applications within the industry. Whether you're a novice or an expert, you'll find questions aimed at various knowledge levels.

In this quiz, you will:

  • Explore 20 challenging questions
  • Learn about GST rates, compliance, and invoicing
  • Enhance your understanding of tax implications in the supply chain
20 Questions5 MinutesCreated by LearningLeaf427
What is the full form of "GST"?
Gains and Services Tax
Goods and Sales Tax
Goods and Services Tax
What taxes will be discontinued after GST comes into force?
Central Excise Duty
Entry Tax, LBT& Octroi
VAT & CST
Tax on electricity
State Excise Duty
Service Tax
Will tax be charged on RM/PM & SFG supplies made to Blow Moulders and Filling Units within the state?
Yes
No
Will tax be charged on the supplies made to Marico Depots within the state?
Yes
No
Will tax be charged on the supplies made to Marico Depots Outside the state?
Yes
No
What is the model of GST?
1. IGST - Inter State 2. CGST & SGST - Intra State
GST - Inter & Intra State
What GST rate will our Blow moulders and Filling units charge on the bill raised for conversion charges?
5% IGST
5% (2.5% CGST & 2.5% SGST)
18% IGST
18% (9% CGST & 9% SGST)
Will Blow moulders and Filling units be required to issue a Tax Invoice for claiming reimbursements from Marico?
Yes
No
What GST rate will apply when supplying FG (Saffola) from Jalgaon factory or Nath to a depot outside the state?
5% IGST
5% (2.5% CGST & 2.5% SGST)
18% IGST
18% ( (9% CGST & 9% SGST)
What GST rate will apply when supplying FG (Parachute Advanced) from Paldhi factory to a depot outside the state?
18% IGST
18% (9% CGST & 9% SGST)
28% IGST
28% ( (14% CGST & 14% SGST)
What GST rate will apply when supplying FG (Livon Hair Gain) from Paldhi factory to a depot outside the state?
18% IGST
18% (9% CGST & 9% SGST)
28% IGST
28% (14% CGST & 14% SGST)
What GST rate will apply on repair and maintenance services from a service provider within the state?
5% IGST
5% (2.5% CGST & 2.5% SGST)
18% IGST
18% (9% CGST & 9% SGST)
Will our manpower suppliers charge 18% (9% CGST & 9% SGST) on the bills raised from July'17?
Yes
No
Does Marico have to pay tax on purchase of goods/ provision of services from an unregistered supplier?
Yes
No
Will the current road permits continue till E-Way bill is introduced?
Yes
No
Will our vendor be required to issue a debit/credit note for excess/short quantity delivered?
Yes
No
Will tax be charged on transfer of assets to other plants outside the state?
Yes
No
In how many days of the date of Invoice do we need to pay our vendors as per GST?
90 days
120 days
150 days
180 days
Which document will all RGP/ NRGP (Both within and outside state) will be accompanied with ?
Always Tax Invoice
Always Delivery Challan
Delivery Challan - Within State and no document for outside the state
Tax Invoice - Outside State and no document for within the state
Which document will be used for Transit trials to depots outside the state?
Delivery Challan
Tax Invoice
No document
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