Note – Please take our quiz ‘Quiz 40 – GST- (Answers)‘ on this page before going through the below answers. Only the top 3% of our audience scored 10/10 in all of them.
- Name – Quiz 40 – GST – (Answers)
- Topic – GST
- Answers with Explanation
Q1. GST stands for _____.
Ans. GST stands for Goods and Services Tax.
Q2. IGST stands for _____.
Ans. IGST stands for Integrated Goods and Services Tax.
Q3. GST is a _____ levied on the manufacture or sale of goods and provision of services.
Ans. GST is a value-added tax levied on the manufacture or sale of goods and the provision of services.
Q4. _____ is used for classifying the goods under the GST.
Ans. HSN is used for classifying the goods under the GST.
Q5. SGST stands for _____.
Ans. SGST stands for State Goods and Services Tax.
Q6. CGST stands for _____.
Ans. CGST stands for Central Goods and Services Tax.
Q7. What is the validity of the registration certificate granted under GST for a normal taxpayer?
Ans. The registration certificate granted under GST for a normal taxpayer is valid till it is cancelled.
Q8. GST was introduced in India on _____.
Ans. GST was introduced in India on 1st July 2017.
Q9. GST is not levied on which of the following?
Ans. GST is not levied on Petrol.
Q10. GST is levied on alcohol for human consumption.
Ans. The following statement is False. GST is not levied on alcohol for human consumption.
Q11. UTGST stands for _____.
Ans. UTGST stands for Union Territories Goods and Services Tax
Q12. Which of the following is the correct website used for filing GST returns?
Ans. https://www.gst.gov.in/ is the correct website used for filing GST returns.
Q13. IGST Rate is double the CGST rate and will be uniform all over India.
Ans. The following statement is True. IGST Rate is double the CGST rate levied on goods and services and will be uniform all over India.
Q14. UTGST is an indirect tax levied and collected by the Union Territory on the _____ supply of goods or services.
Ans. UTGST is an indirect tax levied and collected by the Union Territory on the intra-state supply of goods or services.
Q15. In order to avoid double taxation, _____ mechanism was incorporated into the GST system.
Ans. In order to avoid double taxation, Input Tax Credit (ITC) mechanism was incorporated into the GST system.