GST

1.
HSN Code Stands for

A. Home Shopping Network

B. Harmonised System of Nomenclature

C. Harmonised System Number

D. Home State Number

Answer & Solution

2.
How will the goods and services be classified under GST regime?

A. SAC/HSN Code

B. HSN Code

C. SAC Code

D. GST Code

E. None of above

Answer & Solution

3.
Maximum rate prescribed under UTGST/SGST?

A. 14%

B. 20%

C. 28%

D. 30%

Answer & Solution

4.
Which of the following taxes will be levied on Imports of goods and services?

A. CGST

B. SGST

C. IGST

D. Exempt

Answer & Solution

5.
What is the maximum rate prescribed under CGST?

A. 12%

B. 20%

C. 28%

D. 18%

Answer & Solution

6.
Place of supply in case of installation of elevator is

A. Where the movement of elevator commences from the supplier’s place.

B. Where the delivery of elevator is taken.

C. Where the installation of elevator is made.

D. Where address of the recipient is mentioned in the invoice.

Answer & Solution

7.
Which of the following is an intrastate supply?

A. Supplier of goods located in Nagpur and place of supply of goods SEZ located in Mumbai

B. Supplier of goods located in Kolkata and place of supply of goods in Bangalore

C. Supplier of goods located in Goa and place of supply of goods in Goa

D. All the above

Answer & Solution

8.
Is there any ceiling limit prescribed on the rate under IGST?

A. 12%

B. 18%

C. 28%

D. 40%

Answer & Solution

9.
Can a person apply for registration without PAN

A. No

B. Yes

Answer & Solution

10.
SAC Code Stands for

A. Services Accounting Code

B. Software Accounting Code

C. System Accounting Code

D. Service Application Code

Answer & Solution

Units

Commerce

1.
HSN Code Stands for

Answer & Solution

2.
How will the goods and services be classified under GST regime?

Answer & Solution

3.
Maximum rate prescribed under UTGST/SGST?

Answer & Solution

4.
Which of the following taxes will be levied on Imports of goods and services?

Answer & Solution

5.
What is the maximum rate prescribed under CGST?

Answer & Solution

6.
Place of supply in case of installation of elevator is

Answer & Solution

7.
Which of the following is an intrastate supply?

Answer & Solution

8.
Is there any ceiling limit prescribed on the rate under IGST?

Answer & Solution

9.
Can a person apply for registration without PAN

Answer & Solution

10.
SAC Code Stands for

Answer & Solution

Units

Commerce

1. HSN Code Stands for

Answer & Solution

2. How will the goods and services be classified under GST regime?

Answer & Solution

3. Maximum rate prescribed under UTGST/SGST?

Answer & Solution

4. Which of the following taxes will be levied on Imports of goods and services?

Answer & Solution

5. What is the maximum rate prescribed under CGST?

Answer & Solution

6. Place of supply in case of installation of elevator is

Answer & Solution

7. Which of the following is an intrastate supply?

Answer & Solution

8. Is there any ceiling limit prescribed on the rate under IGST?

Answer & Solution

9. Can a person apply for registration without PAN

Answer & Solution

10. SAC Code Stands for

Answer & Solution

1.
HSN Code Stands for

2.
How will the goods and services be classified under GST regime?

3.
Maximum rate prescribed under UTGST/SGST?

4.
Which of the following taxes will be levied on Imports of goods and services?

5.
What is the maximum rate prescribed under CGST?

6.
Place of supply in case of installation of elevator is

7.
Which of the following is an intrastate supply?

8.
Is there any ceiling limit prescribed on the rate under IGST?

9.
Can a person apply for registration without PAN

10.
SAC Code Stands for