Business Regulatory Framework MCQs and Notes

M

Mr. Dubey • 51.17K Points
Coach

Q 21. SGST is applicable when

(A) Goods are sold within a state

(B) Goods are sold from one GST dealer to a customer

(C) Goods are sold by a GST dealer to another GST dealer

(D) Interstate supply

M

Mr. Dubey • 51.17K Points
Coach

Q 22. Integrated Goods and Services Tax is applicable when -

(A) Sold in Union territory

(B) Sold from one GST dealer to another GST dealer

(C) Sold within a state

(D) There is interstate supply

M

Mr. Dubey • 51.17K Points
Coach

Q 23. UTGST is applicable when

(A) Sold from Union territory

(B) Goods are purchased by Central Government

(C) Sold from one union territory to another union territory

(D) There is interstate supply

M

Mr. Dubey • 51.17K Points
Coach

Q 24. Under GST, ‘value addition’ refers to

(A) Expenses ‘plus’ profit

(B) Cost plus tax

(C) Cost plus tax plus‘profit

(D) Tax plus profit

M

Mr. Dubey • 51.17K Points
Coach

Q 25. The incidence of tax on tax is called

(A) Tax Cascading

(B) Tax Pyramidding

(C) Tax evasion

(D) Indiret tax

M

Mr. Dubey • 51.17K Points
Coach

Q 26. As a result of constitution amendment for GST a Separate List --- has been inserted in the constitution.

(A) Article 246A

(B) Article 146B

(C) Article 122 C

(D) Article 101B

M

Mr. Dubey • 51.17K Points
Coach

Q 27. Constitution Amendment Act, 2016 for GST was

(A) 80th

(B) 101st

(C) 122nd

(D) None of these

M

Mr. Dubey • 51.17K Points
Coach

Q 28. GST was introduced in Jammu and Kashmir with effect from

(A) 1.8.2017

(B) 1.7.2017

(C) 1.1.2018

(D) 8.7.2017

M

Mr. Dubey • 51.17K Points
Coach

Q 29. GST was introduced in India with effect from

(A) 1.1.2017

(B) 1.4.2017

(C) 1.1.2018

(D) 1.7.2017

M

Mr. Dubey • 51.17K Points
Coach

Q 30. The Central Government has amended the ceiling for contributions under the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 (EPF Act) and the Employees' Provident Fund and Miscellaneous Provisions Scheme, 1952 (EPF Scheme) from __________ to __________, with effect from 1 September 2014.

(A) Rs. 5000/- to Rs.12000/-

(B) Rs. 6500/- to Rs.15000/-

(C) Rs. 6500/- to Rs.13000/-

(D) Rs. 7500/- to Rs. 15000/-

Business Regulatory Framework

Q 21. SGST is applicable when

Q 22. Integrated Goods and Services Tax is applicable when -

Q 23. UTGST is applicable when

Q 24. Under GST, ‘value addition’ refers to

Q 25. The incidence of tax on tax is called

Q 26. As a result of constitution amendment for GST a Separate List --- has been inserted in the constitution.

Q 27. Constitution Amendment Act, 2016 for GST was

Q 28. GST was introduced in Jammu and Kashmir with effect from

Q 29. GST was introduced in India with effect from

Q 30. The Central Government has amended the ceiling for contributions under the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 (EPF Act) and the Employees' Provident Fund and Miscellaneous Provisions Scheme, 1952 (EPF Scheme) from to , with effect from 1 September 2014.

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