MISK Quiz

Create an informative and engaging infographic about GST regulations and compliance, featuring elements like tax ledgers, e-commerce operations, and supply classifications, with vibrant colors and modern design.

Test Your GST Knowledge!

Welcome to the MISK Quiz, a comprehensive test designed to assess your knowledge of the Goods and Services Tax (GST) framework. Whether you are a professional, a student, or someone interested in understanding GST, this quiz is for you!

Participate in the quiz to:

Enhance your understanding of GST regulations.
Prepare for certification or compliance.
Challenge yourself and learn new concepts.

50 Questions12 MinutesCreated by LearningTax101

The Number of Digits in the PAN based GSTIN registration Number will be

A) 15 Digits

B) 10 Digits

C) 12 Digits

D) 14 Digits

Payment made through challan will be credited to which registers/ledgers?

A) Electronic Tax liability register

B) Electronic Credit ledger

C) Electronic Cash ledger

D) All of them

How will the goods and services be classified under GST regime?

A) SAC/HSC

B) SAC

C) HSN Code

D) GST Code

Can a person apply for registration without PAN?

A) Yes

B) No

Which of the following is an intrastate supply?

A) Supplier of goods located in Nagpur and place of supply of goods SEZ located in Mumbai

B) Supplier of goods located in Kolkata and place of supply of goods in Bangalore

C) Supplier of goods located in Goa and place of supply of goods in Goa

D) All the above

Which one of the following is true?

A) A person can collect tax only he is registered

B) Registered person not liable to collect tax till his aggregate turnover exceeds threshold limit

C) A person can collect the tax during the period of his provisional registration

D) None of the above

Which form is to be used for registration?

A) Form GSTR -1A

B) Form GSTR – 2

C) Form GST REG-01

D) Form GST REG

For an E-commerce operator registration threshold limit is?

A) Rs.20 lacs

B) Rs.50 lacs

C) Rs.75 lacs

D) None of above

Whether Alcoholic Liquor for industrial and other usages is taxable under GST?

A) No

B) Yes

C) Exempted

D) Non-taxable

The Items which will be taxable both under current Central Excise Law and new GST even after the implementation of the GST Act.

A) Motor Spirit B

B) Alcoholic Liquor for Human Consumption

C) Tobacco and Tobacco Products

D) Natural Gas

Input Means:

A) Any Goods Excluding Capital Goods

B) Any Goods including Capital Goods

C) Capital Goods Only

D) Capital goods used for the furtherance of the Business

The Registration to be taken by an ISD will be:

A) IGST Registration

B) SGST Registration

C) SGST and CGST Registration

D) ISD Registration

Whether the dealers making the exclusive supply of Liquor or Petrol, Diesel and Crude Oil should have to take registration under GST Act?

A) Yes

B) No

C) Optional

D) Either b) or c)

- In GST, both Central and State Governments should have simultaneous power to levy GST on:

A) Intra-State Supplies Only

B) Interstate Supply Only

C) Import

D) Both Intra-State and Inter-State Supply

Whether Ola, Uber, etc. are Liable to Pay Tax In GST?

A) Yes

B) No

C) Liability to Pay Tax is on the Actual Service Providers

D) Exempted

Can a registered person opt for composition scheme only for one out of his 5 business different units having same Permanent Account Number?

A) Yes

B) No

C) Yes, with prior approval of the Central Government

D) Yes, subject to prior approval of the GST Council

The value of supply of goods and services shall be the:

A) Transaction value

B) MRP

C) Market Value

D) None of above

In GST, the valuation of the supply of Goods is based on:

A) Market Value

B) Fair Value

C) Transaction Value

D) None of the Above

Whether credit on capital goods can be taken immediately on receipt of the goods?

A) Yes

B) After usage of such capital goods

C) After capitalizing in books of Accounts

D) None of the above

Autotax software is :

Cloud Based

System Software

Application Software

What should we write under GST Username column?

A) GST portal username

B) Autotax username

C) Self-created username

What type of invoice a user upload from purchase register?

A) Export Invoice

B) Import Invoice

C) None of the above

When can a registered person avail credit on inputs?

A) On receipt of goods

B) On receipt of documents

C) Both

D) None of the above

In which category the invoice will fall if we have more than 2.5 L of invoice value but are doing intra-state transaction?

A) B2CL

B) B2CS

C) B2B

Where can a user find HSN/SAC Code details?

A) Connectors

B) GST Sales data

C) Tax Directory

A user can give same billing and shipping address. Is the statement true?

A) Yes

B) No

Who can issue Credit/Debit note?

A) Only seller

B) Only Buyer

C) Both

Is it true that autotax summary and GST summary will match every time?

A) Yes

B) No

What type of information a user can get under Connector Option?

A) ERP Integration

B) List

C) None of the above

11. Do we have to click on “Add to GST” after making invoice manually inside autotax software?

A) Yes

B) No

12. If suppose seller forgot to file the invoice but buyer has imported that invoice than under which section a buyer can see seller invoice?

A) Self-Invoice

B) Mismatch

C) Match

Can we do Real Time Reconciliation in AutoTax?

A) Yes

B) No

Can we able to see Receiver Mismatch report in AutoTax?

A) Yes

B) No

What is the first step for filing the invoices?

A) Creating Business

B) Creating Business Unit

C) Uploading Invoices

Choose the correct step for filing the invoices?

A) Filing – Uploading – Importing

B) Importing – Uploading – Filing

C) Uploading – Filing – Importing

For tender filing which class of certificate is required?

A) Class 1

B) Class 2

C) Class 3

Documents required during paper based DSC enrollment?

A) Id proof & address proof

B) Only Id proof

C) Only address proof

Can one use Digital Signature Certificate for multiple e-mail addresses?

A) Yes

B) No

During DSC enrollment in which method video verification is necessary?

A) DSC OTP based

B) Paper based

C) DSC biometric device based

Is there any difference between digital signature and digital signature certificate?

A) Yes

B) No

Which of the following is one of the modes of Business Listing?

Facebook

Just Dial

Instagram

What will you say first when customer comes for the services?

Give description of services

Tell the charges of services

Greetings of the day

Basic requirement to create page on Facebook?

Profile photo

Facebook account

Website

Gmail account

How will you provide the social media services?

Asking customers to fill the google form

Creating page for customers

We don't provide this service

For which reason social media service is not required-

Improving Interaction

Increasing reach of customers

Gaining traffic on website

Drives audience engagement

Where you will maintain the record of customer coming for social media service?

Excel sheet

Google form

Which detail is not required when we take record for social media service?

Business name

Business PAN number

Landmark

Hours of operation

Which of the facility is not included in the social media service we are providing?

Adding profile photo

Creating page

Writing article

Adding cover image

Is "pin the location" during business listing necessary?

How will you download the digital signature?

As pdf file

As word doc file

As executable file

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