11th Standard EM - Commerce - Indirect Taxation

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Question - 1

Who is the chairman of the GST council?

  • A RBI Governor
  • B Finance Minister
  • C Prime Minister
  • D President of India

Question - 2

GST stands for __________

  • A Goods and Supply Tax
  • B Government Sales tax
  • C Goods and Services Tax
  • D General Sales Tax

Question - 3

What kind of Tax the GST is?

  • A Direct Tax
  • B Indirect Tax
  • C Dependence on the type of goods and services
  • D All business organisations

Question - 4

What is IGST?

  • A Integrated Goods and Services Tax
  • B Indian Goods and Services Tax
  • C Initial Goods and Services Tax
  • D All the Above

Question - 5

In India GST became effective from?

  • A 1st April, 2017
  • B 1st January, 2017
  • C 1st July, 2017
  • D 1st March, 2017

Question - 6

GST is a _________ based tax on consumption of goods and services.

  • A duration
  • B destination
  • C dividend
  • D development

Question - 7

India GST model has _________ rate structure.

  • A 3
  • B 5
  • C 4
  • D 6

Question - 8

What is the maximum rate prescribed under GST?

  • A 12
  • B 20
  • C 28
  • D 18

Question - 9

When does liability to pay GST arise in case of supply of goods?

  • A on raising of invoice
  • B At the time of supply of goods
  • C On receipt of payment
  • D Earliest of any of above

Question - 10

Special provisions are there in the GST Act for the ___________ north-eastern states.

  • A 8
  • B 9
  • C 6
  • D 18