GST internal question paper PDF

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Goods and service tax important questions and material...

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NOBLE DEGREE AND PG COLLEGE B.com III 6th semester exam. Internal exam Theory and practice of GST Duration 30 Minutes

Max Marks 15

Name: ____________________________________Hall ticket No___________________ Multiple Choice questions 1. _________is also defined as tax on goods and services which is imposed at every point of sale or provision of service. (a) GST

(b) Input credit

(c) CENVAT credit

(d) Tax invoice

2. Central Excise Duty, Service Tax, Additional Duties of Customs, Duties of Excise etc, are the taxes subsumed under___________ (a) GST

(b) CGST

(c) SGST

(d) None of the above

3. The dealer should register under GST if he/she crosses_____turnover threshold on a specific day. (a) T 20/40 lakh (b) T 20 lakh (c) 15 lakh (d)10 lakh/20 lakh 4. The Part-A of the Form GST REG-01 is to be filled with the details of___________. (a) PAN

(b) Mobile number

(c) e-mail address

(d) All the above

5. At the time of supply, GST is charged on time of and time of (a) Billing and shipping (c) Exports and imports

(b) Shipping and carriage (d) None of the above

6. The_________is determined on the basis of transaction value or quality of goods or MRP. (a) VAT Tax

(b) Service Tax

(c) Excise Tax

(d) None of the above

7. Under central excise, the________credit should be availed in the current year to the extent of 50% and remaining percent is to be availed in the subsequent year. (a) VAT Tax

(b) CENVAT

(c) Excise Tax

(d) Input Tax

8. The process of preparing and sending an invoice to the buyer by the seller with including all the details of the product or service sold in one document under GST is referred as__________. (a) Tax invoice

(b) Bill of supply

(c) CENVAT

(d) Invoicing

9. The _______ of Central Goods and Services Tax (CGST) rules, deals with the explanation of the transportation of goods without issue of invoice. (a) Rule 55

(b) Rule 54

(c) Rule 53

(d) Rule 52

10. Introduction of imposes tax on goods and services. (a) Central Tax

Fill in the blanks:

(b) State Tax

(c).

(a) and (b)

(d) GST

1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

Place of supply of services is the____________________________ of services. Place and location of supply will be same in_________ . Place and location of supply will be different in_________ . ________________________ means intra-state receipt of services. ________________________ refers to the supply of services through sale, exchange, transfer, rental etc. __________________________ are recorded by using purchase voucher. _________of GST law provided the explanation and determination criteria’s for the type of supply of services. B2C stands for________. B2B stands for_________. Exempted services from GST are termed as ___________.

Short answers questions: 1. What is Recording of Advanced Entries?

2. Write about Accounting of Multiple Services in a Single Supply.

3. What is Partial Payment?

4. Briefly describe Business to Consumers.

5. What do you understand by Migrating to ERP?...