GST-Saturday Session
GST Knowledge Quiz
Test your understanding of Goods and Services Tax (GST) with our comprehensive quiz designed for learners at all levels. Brush up on key concepts, time of supply, and input tax credit rules that are crucial for any GST practitioner.
Challenge yourself with questions that cover various aspects of GST regulations:
- Time of supply intricacies
- Input tax credits
- Place of supply regulations
- Taxability on various transactions
In case of goods sent on sale on approval basis, invoice has to be issued
While sending the goods; another Invoice has to be issued by the recipient while rejecting the goods
While sending the goods but the recipient can take credit only when the goods are accepted by him
When the recipient accepts the goods or six months from the date of supply whichever isearlier
When the recipient accepts the goods or three months from the date of supply whichever is earlier.
An invoice must be issued
At the time of removal of goods.
On transfer of risks and rewards of the goods to the recipient
On receipt of payment for the supply
Earliest of the above dates
In respect of the additional payment for value of supply like interest, late fee etc., the time of supply is
Date of additional payment
Date of original payment
Date on which supply was received
Any date at the option of the supplier
Mr. C sold goods worth Rs. 30000 to Mr. Dr on 5.8.2017, which were sent on 6.8.2017, the invoice date being 15.8.2017 and the goods were received by Mr. D on 5.9.2017. Time of supply is
5.8.2017
6.8.2017
15.8.2017
5.9.2017
When the supply of goods or services is for a consideration not wholly in money, the value of the supply shall be
Value declared by the supplier
Value declared by the recipient
Open market value of such supply
None of these
M/s Dhoom Furniture Mart, located and registered under GST in the State of Chhattisgarh, sells furniture from its showroom to M/s Lucky Dhaba (located and registered under GST in the State of Jharkhand). M/s Lucky Dhaba requested to deliver the furniture to Mr. Pyare Lal at Patna, Bihar. M/s Dhoom Furniture Mart sends the furniture with a proper e-way bill to Patna through a transporter who made the delivery to Mr. Pyare Lal. Determine the place of supply of furniture sold by M/s Dhoom Furniture Mart to M/s Lucky Dhaba in the above case.
Chhattisgarh
Jharkhand
Bihar
Either Jharkhand or Bihar, at the option of the recipient
In case of Goods Transport Agency (GTA) services, tax is to be paid under forward charge if:
A registered casual taxable person is the recipient of GTA service.
An unregistered individual end consumer is the recipient of GTA service.
GST is payable @ 5% and a factory registered under the Factories Act, 1948 is the recipient of GTA service.
GST is payable @ 12%
In which of the following situations, recipient needs to add the input tax credit availed by him to his output tax liability?
If payment for supplies along with tax payable thereon under forward charge is not made to the supplier within 45 days from the date of invoice
If payment for supplies along with tax payable thereon under forward charge is not made to the supplier within 180 days from the date of invoice
If payment for supplies along with tax payable thereon under forward charge is not made to the supplier within 90 days from the date of invoice
If payment for supplies along with tax payable thereon under forward charge is not made to the supplier within 1 year from the date of invoice
If the goods are received in lots/instalment, ________
50% ITC can be taken on receipt of 1st lot and balance 50% on receipt of last lot.
ITC can be availed upon receipt of last lot
100% ITC can be taken on receipt of 1st lot.
Proportionate ITC can be availed on receipt of each lot/instalment
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
A registered person whose aggregate turnover during a FY exceeds INR 2 crores is required to file which of the following documents.
. Annual Return
Audited annual accounts
. A Reconciliation Statement, duly certified, in prescribed form
All of the above
Tax burden in the case of GST is comparatively …. As compared to pre-Gst tax regime.
Higher
Lower
Under which of the following situations, input tax credit will be available under GST law?
Cars purchased by a manufacturing company for official use of its employees.
Aircraft purchased by a manufacturing company for official use of its CEO.
General insurance taken on a car used by employees of a manufacturing company for official purposes.
Maintenance & repair services availed by a company for a truck used for transporting its finished goods.
Which of the following statements is false?
ITC on works contracts services availed by a software company for construction of its office, is blocked.
ITC on works contract services availed by a manufacturing company for construction of pipelines to be laid outside its factory, is blocked.
ITC on goods and/or services used by an automobile company for construction of a foundation on which a machinery (to be used in the production process) is to be mounted permanently, is allowed.
ITC on works contract services availed by a consulting firm for repair of its office building is blocked provided the company has booked such expenditure in profit and loss account
Sukanya, a supplier registered under GST, failed to pay the GST amounting to ` 5,000 for the month of January. The proper officer imposed a penalty on Sukanya for failure to pay tax. Sukanya believes that it is a minor breach and in accordance with the provisions of section 126 of the CGST Act, 2017, no penalty is imposable for minor breaches of tax regulations. In this regard, which of the following statements is true?
Penalty is leviable on Sukanya since the breach is considered as a ‘minor breach’ only if amount of tax involved is less than ` 5,000.
Penalty is leviable on Sukanya since the breach is considered as a ‘minor breach’ if amount of tax involved is less than ` 2,500.
Penalty is not leviable on Sukanya since the breach is considered as a ‘minor breach’ if amount of tax involved is upto ` 5,000.
Penalty is leviable on Sukanya since the breach is considered as a ‘minor breach’ only if amount of tax involved is nil.
Which of the following is not a supply under the CGST Act, 2017?
Goods supplied free of cost by X & Sons to its agent for further supply to customer at ` 5,000 for which invoice will be issued by the agent in his own name.
Importation of accounting services (for business purposes) free of cost from a dependent father residing in US.
An expensive watch gifted to an employee for ` 50,000. No other gifts provided to such employee during the entire financial year
A machinery disposed off free of cost on which input tax credit has been availed.
What will be the rate of tax and nature of supply of a service if the same is not determinable at the time of receipt of advance?
12%, inter-State supply
12%, intra-State supply
18%, inter-State supply
18%, intra-State supply
Banke Bihari (Pedewala) owns a famous sweets shop located and registered under GST in Mathura, Uttar Pradesh. He received an order for 200 kg of sweets on 2nd May from Ghoomghoom Travels (P) Ltd., located in same locality of Mathura and registered under GST, for a total consideration of ` 1,00,000. Complete order of sweets was delivered to Ghoomghoom Travels (P) Ltd. on 5th May but without invoice, as accountant of Mr. Banke Bihari was on leave on that day. However, the invoice was raised for the same on 6th May, when the accountant joined the office after leave. Payment in full was made on 7th May. Determine the time of supply of goods in this case.
2nd May
5th May
6th May
7th May
Whether sale of transferable of development rights obtained from Government when land of a person is acquired by any Government Authority, is considered as supply?
Yes
No
NA
A book publisher organises an online competition and collects charges for the same. Will it constitute supply under GST?
Yes
No
NA
Whether GST is applicable at the time of awarding a contract or issuing Purchase Order (PO) for supply of goods/provision of service?
Yes
No
NA
Whether transfer of furniture by A Ltd from its branch registered in Delhi to its Head Office registered in Uttar Pradesh (UP) falls under the ambit of supply? If yes, whether the registered office should bill to Head Office in UP?
Yes
No
NA
Goods sent to agent say Mr. X without GST, and then sales was made by principal say Mr. Y but Mr. X issues the invoice for the goods in his own name is this supply chargeable to GST?
Yes
No
NA
If answer to the above question is Yes, who's liable to Pay GST ?
Agent
Principal
GST Not applicable
A partnership firm purchases furniture and does not avail any ITC on the same. After a few months, the same is disposed of by way of drawings by one of the partners. Will such an activity be treated as a supply?
Yes
No
NA
Whether a proprietorship firm gifted by a father to his son with a closing stock but having no balance of ITC in the electronic credit ledger, is a taxable or exempt supply under GST?
Yes
No
NA
An asset purchased in VAT regime on which ITC was not taken is sold in GST regime. Whether such sale is a supply and leviable to GST?
Yes
No
NA
Whether GST is leviable on sale of capital goods as such against consideration when ITC is not availed?
Yes
No
NA
Laptop used by Z in his Office is given to him at the time of his retirement, without any charge. The employer-employee relationship between Z and his Office subsists when the laptop is given to Z. Whether giving of such laptop to Z is a supply liable to GST?
Yes
No
NA
Whether the amount received as insurance claim on account of destroyed stock/capital asset is taxable under GST?
Yes
No
NA
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