*GST* Goods and Services Tax (GST) - Expected Questions for Upcoming Exams - 1). In India GST cam

*GST* Goods and Services Tax (GST) - Expected Questions for Upcoming Exams - 1). In India GST came effective from July 1st, 2017. India has chosen _________ model of dual – GST. a) USA b) UK c) Canadian d) China e) Japan Answer: (C). 2). How many countries have dual – GST model? a) 5 b) 8 c) 10 d) 14 e) None of these Answer: (E). Till now Canada only has dual GST model but now India also started to use dual-GST model. 3). Which of the following country is the first one to implement GST? a) USA b) France c) China d) Switzerland e) Germany Answer: (B). France implemented GST in 1954. 4). Around how many countries adopted GST? a) 90 b) 120 c) 140 d) 160 e) 200 Answer: (D). 5). Which of the following country has the maximum GST tax slab? a) Greece b) China c) USA d) Australia e) India Answer: (E). India has the maximum tax slab (28%) compared to other countries. 6). Which of the following country has the second highest tax slab? a) Australia b) Netherland c) Argentina d) Ireland e) South Korea Answer: (C). Argentina has the second highest tax slab 27% 7). Indian GST model has _________rate structure. a) 3 b) 4 c) 5 d) 6 e) 2 Answer: (B). In India GST model has 4 rate structure. They are 5%, 12%, 18% and 28% 8). How many types of taxes will be in Indian GST? a) 2 b) 3 c) 4 d) 5 e) 6 Answer: (B). Central GST (CGST), State GST (SGST) and IGST are three types of taxes. 9). What does “I” stands for in IGST? a) International b) Internal c) Integrated d) Intra e) Innovation Answer: (C). 10). The tax IGST charged by _________Government. a) Central b) State c) Concerned department d) Both a and b e) All a, b and c Answer: (A). 11). The maximum rate prescribed under IGST is _________. a) 5% b) 12% c) 18% d) 28% e) No such limit Answer: (D). 12). In India GST was first proposed in _________. a) 1993 b) 1996 c) 1999 d) 2000 e) 2002 Answer: (D). 13). GST is a _________ based tax on consumption of goods and services. a) Duration b) Destination c) Dividend d) Development e) Destiny Answer: (B). main objective of GST is eliminate excessive taxation 14). GST comes under which amendment bill? a) 118 b) 120 c) 122 d) 115 e) 129 Answer: (C). 15). Under which Act GST was introduced? a) 100 b) 101 c) 102 d) 103 e) 104 Answer: (B) 16). GST council formation based on Article number _________. a) 279A b) 289A c) 266A d) 255A e) 286A Answer: (A) 17). The headquarters of GST council is _________. a) Mumbai b) New Delhi c) Ahmadabad d) Hyderabad e) Lucknow Answer: (B). 18). Who is the chairman of GST council? a) President of India b) Prime Minister c) Finance Minister d) RBI Governor e) Finance secretary Answer: (C). Arun Jaitley is the current chairman of GST council 19). _________ is GST Finance Ministers Panel Chairman. a) Amit Mishra b) Amit Malhodra c) Amit Chandresekar d) Amit Sastri e) Amit kohli Answer: (A). Amit Mishra (West Bengal Finance Minister) is the Finance Ministers Panel Chairman. 20). _________ is the first state to ratify GST bill. a) Andhra Pradesh b) Assam c) Arunachal Pradesh d) Bihar e) Telangana Answer: (B) 21). _________ is the first state that passed GST Bill. a) Andhra Pradesh b) Gujarat c) Uttar Pradesh d) Bihar e) Telangana Answer: (E). 22). GST threshold limit of North Eastern States is _________ lakh a) 5 b) 10 c) 12 d) 15 e) 20 Answer: (B). 23). GST threshold limit of Normal States is _________ lakh a) 12 b) 15 c) 20 d) 25 e) 30 Answer: (C). 24). The Central Board of Excise and Customs (CBEC) announced that every year _________ will be considered as GST Day. a) April 1 b) March 1 c) June 1 d) July 1 e) January 1 Answer: (D) 25). Smart Phones will be taxed at _________ under GST. a) 0% b) 5% c) 12% d) 18% e) 28% Answer: (C). 26). Under GST, Insurance is taxed _________ percent. a) 0% b) 5% c) 12% d) 18% e) 28% Answer: (D).

 

Sir, please provide soft copy of GST, if possible. Thanksashwinishukla1990@gmail.com

 

Very good information.sir please soft copy to Sarojkumar.sasmal@gmail.com

 

Sir plz provide soft copy of GST to pkbsc7724@gmail.com

 

its so importent notes n thanks aise hi ur bi notes bnayega ur fb pe daliyga

 

Gud info plz send soft copy to my mail sir thank u .saranrukvish@gmail.com

 

Please send soft copy of gst to m.ramanji179Gmail.com

 

Great efforts send soft copy munjalmahesh20@gmail.com

 

Thanks sir, please send the soft copy on santoshuw@gmail.com

 

Thank you for new information. I think much more questions are available on GST please provide me Jay.raghava@gmail.com

 

Thank you very much.. pls send soft copy to my mail ID murugesh.tg@gmail.co.

 

Thanks a lot sir... Good Information ... Great...

 

*GST*Goods and Services Tax (GST) - Expected Questions for Upcoming Exams - 1). In India GST came effective from July 1st, 2017. India has chosen _________ model of dual – GST.a) USAb) UKc) Canadiand) Chinae) JapanAnswer: (C).2). How many countries have dual – GST model?a) 5b) 8c) 10d) 14e) None of theseAnswer: (E). Till now Canada only has dual GST model but now India also started to use dual-GST model.3). Which of the following country is the first one to implement GST?a) USAb) Francec) Chinad) Switzerlande) GermanyAnswer: (B). France implemented GST in 1954.4). Around how many countries adopted GST?a) 90b) 120c) 140d) 160e) 200Answer: (D).5). Which of the following country has the maximum GST tax slab?a) Greeceb) Chinac) USAd) Australiae) IndiaAnswer: (E). India has the maximum tax slab (28%) compared to other countries.6). Which of the following country has the second highest tax slab?a) Australia b) Netherlandc) Argentinad) Irelande) South KoreaAnswer: (C). Argentina has the second highest tax slab 27%7). Indian GST model has _________rate structure.a) 3b) 4c) 5d) 6e) 2Answer: (B). In India GST model has 4 rate structure. They are 5%, 12%, 18% and 28%8). How many types of taxes will be in Indian GST?a) 2b) 3c) 4d) 5e) 6Answer: (B). Central GST (CGST), State GST (SGST) and IGST are three types of taxes.9). What does “I” stands for in IGST?a) Internationalb) Internalc) Integratedd) Intrae) InnovationAnswer: (C).10). The tax IGST charged by _________Government.a) Centralb) Statec) Concerned departmentd) Both a and be) All a, b and cAnswer: (A).11). The maximum rate prescribed under IGST is _________.a) 5%b) 12%c) 18%d) 28%e) No such limitAnswer: (D).12). In India GST was first proposed in _________.a) 1993b) 1996c) 1999d) 2000e) 2002Answer: (D).13). GST is a _________ based tax on consumption of goods and services.a) Durationb) Destinationc) Dividendd) Developmente) DestinyAnswer: (B). main objective of GST is eliminate excessive taxation14). GST comes under which amendment bill?a) 118b) 120c) 122d) 115e) 129Answer: (C).15). Under which Act GST was introduced?a) 100b) 101c) 102d) 103e) 104Answer: (B)16). GST council formation based on Article number _________.a) 279Ab) 289Ac) 266Ad) 255Ae) 286AAnswer: (A)17). The headquarters of GST council is _________.a) Mumbaib) New Delhic) Ahmadabadd) Hyderabade) LucknowAnswer: (B).18). Who is the chairman of GST council?a) President of Indiab) Prime Ministerc) Finance Ministerd) RBI Governore) Finance secretaryAnswer: (C). Arun Jaitley is the current chairman of GST council19). _________ is GST Finance Ministers Panel Chairman.a) Amit Mishrab) Amit Malhodrac) Amit Chandresekard) Amit Sastrie) Amit kohliAnswer: (A). Amit Mishra (West Bengal Finance Minister) is the Finance Ministers Panel Chairman.20). _________ is the first state to ratify GST bill.a) Andhra Pradeshb) Assamc) Arunachal Pradeshd) Bihare) TelanganaAnswer: (B)21). _________ is the first state that passed GST Bill.a) Andhra Pradeshb) Gujaratc) Uttar Pradeshd) Bihare) TelanganaAnswer: (E).22). GST threshold limit of North Eastern States is _________ lakha) 5b) 10c) 12d) 15e) 20Answer: (B).23). GST threshold limit of Normal States is _________ lakha) 12b) 15c) 20d) 25e) 30Answer: (C).24). The Central Board of Excise and Customs (CBEC) announced that every year _________ will be considered as GST Day.a) April 1b) March 1c) June 1d) July 1e) January 1Answer: (D)25). Smart Phones will be taxed at _________ under GST.a) 0%b) 5%c) 12%d) 18%e) 28%Answer: (C).26). Under GST, Insurance is taxed _________ percent.a) 0%b) 5%c) 12%d) 18%e) 28%Answer: (D).