Description : Who is the head of the GST council? (A) Shashi Kant Das (B) Amit Mitra (C) Arun Jaitley (D) Hasmukh Adhia
Last Answer : (C) Arun Jaitley
Description : Who is the chairman of GST council? (A) RBI Governor (B) Prime Minister (C) Finance secretary (D) Finance Minister
Last Answer : (D) Finance Minister
Description : Which state became the first state of India to ratify GST bill? (A) Bihar (B) Telangana (C) Assam (D) Andhra Pradesh
Last Answer : (C) Assam
Description : Under GST, Smartphones will be taxed at ................... per cent. (A) 14% (B) 12% (C) 18% (D) 5%
Last Answer : (B) 12%
Description : GST council formation based on Article number– (A) 279A (B) 289A (C) 266A (D) 255A
Last Answer : (A) 279A
Description : Under which Act GST was introduced? (A) 100 (B) 101 (C) 102 (D) 103
Last Answer : (B) 101
Description : In India, the GST Council has come out with a four-rate structure. They are? (A) 5%, 12%, 18% and 24% (B) 5%, 12%, 18% and 26% (C) 5%, 12%, 18% and 28% (D) 5%, 12%, 16% and 28%
Last Answer : (C) 5%, 12%, 18% and 28%
Description : The Central Board of Excise and Customs (CBE(C) announced that every year ................... will be considered as GST Day. (A) April 1 (B) March 1 (C) June 1 (D) July 1
Last Answer : (D) July 1
Description : Indian GST model has how many bands of tax rates? (A) 2 (B) 3 (C) 4 (D) 5
Last Answer : (C) 4
Description : GST is a ................... based tax on consumption of goods and services. (A) Origin (B) Destiny (C) Development (D) Destination
Last Answer : (D) Destination
Description : A special purpose vehicle ................... has been launched to cater the needs of GST. (A) GSTS (B) GSTR (C) GSTM (D) GSTN
Last Answer : (D) GSTN
Description : GST was introduced as the ................... amendment Act. A 100 (B) 101 (C) 102 (D) 103
Description : India has chosen ................... model of dual-GST? (A) Canadian (B) Cuba (C) Belize (D) Nicaragua
Last Answer : (A) Canadian
Description : Which of the following tax will be abolished by the GST? (A) Service Tax (B) Income Tax (C) Wealth Tax (D) Corporation tax
Last Answer : (A) Service Tax
Description : What kind of Tax is GST? (A) Direct Tax (B) Indirect Tax (C) Depends on the type of goods and services (D) None of the above
Last Answer : (B) Indirect Tax
Description : Which country has the second-highest GST rate of 27%? (A) Colombia (B) Brazil (C) Argentina (D) Chile
Last Answer : (C) Argentina
Description : How many types of GST in India? (A) 2 (B) 3 (C) 4 (D) 5
Last Answer : (B) 3
Description : GST comes under which amendment bill? (A) 118 (B) 120 (C) 122 (D) 115
Last Answer : (C) 122
Description : In India GST came affective from July 1st, 2017, India has chosen ................... model of dual – GST. (A) USA (B) UK (C) Canadian (D) China
Last Answer : C) Canadian
Description : The country with highest GST Rate in the world is– (A) USA (B) India (C) China (D) Greece
Last Answer : (B) India
Description : Which constitutional amendment is done to pass the GST bill? (A) 101st (B) 120th (C) 122nd (d) 115th
Last Answer : (A) 101st
Description : GST will be levied on– (A) Manufacturers (B) Retailers (C) Consumers (D) All of the above
Last Answer : (D) All of the above
Description : Which of the following tax will be abolished by the GST? (A) Service Tax (B) Corporation tax (C) Income Tax (D) Wealth Tax
Description : Which article spells formation of GST Council? (A) 270 (B) 246A (2) (C) 269A (1) (D) 279A (
Last Answer : (A) 270
Description : How many countries have dual – GST model? (A) 5 (B) 8 (C) 10 (D) None of these
Last Answer : (D) None of these
Description : Presently how many countries have implemented GST? (A) 102 (B) 120 (C) 140 (D) 160
Last Answer : (D) 160
Description : The headquarters of GST council is located at– (A) New Delhi (B) Lucknow (C) Ahmadabad (D) Mumbai
Last Answer : (A) New Delhi
Description : In which year GST was first introduced in India? (A) 2000 (B) 2002 (C) 2004 (D) 2006
Last Answer : (A) 2000
Description : Which of the following country is the first one to implement GST? (A) USA (B) France (C) China (D) Switzerland
Last Answer : (B) France
Description : The concept of Goods and Services Tax (GST) is originated in– (A) Canada (B) USA (C) Britain (D) Germany
Last Answer : (A) Canada
Description : GSTN comes under which Act? (A) Banking Regulation Act 1949 (B) RBI Act 1934 (C) Indian Partnership Act, 1932 (D) Companies Act, 2013 (Ans : D) 45. Combined Stake of Central and State Government in GSTN is– (A) 20% (B) 25% (C) 49% (D) 51%
Last Answer : (C) 49%
Description : The IGST is charged by? (A) Central Government of India (B) State Government of Andhra (C) Only 1 (D) Only 2
Last Answer : (A) Central Government of India
Description : Combined Stake of Central and State Government in GSTN is– (A) 20% (B) 25% (C) 49% (D) 51%
Description : he tax IGST charged by ................... Government. (A) Central (B) State (C) Concerned department (D) Both A and B
Last Answer : (A) Central
Description : What is SGST? (A) State Goods and Service Tax (B) S Goods and Service Tax (C) South Goods and Service Tax (D) None of these
Last Answer : (A) State Goods and Service Tax
Description : Ayurvedic products comes under which rate structure? (A) 14% (B) 15% (C) 12% (D) 11%
Last Answer : C) 12%
Description : What is Integrated Goods and Services Tax? (A) Tax on international trade (B) Tax imposed on interstate trade (C) Tax imposed on value additions to exports (D) Tax imposed on imported goods and services
Last Answer : (B) Tax imposed on interstate trade
Description : The highest rate of tax prescribed under IGST is– (A) 5% (B) 12% (C) 18% (D) 28%
Last Answer : (D) 28%
Description : What is Integrated Goods and Services Tax? (A) Tax imposed on imported goods and services (B) Tax imposed on value additions to exports (C) Tax imposed on interstate trade (D) Tax on international trade
Last Answer : (C) Tax imposed on interstate trade
Description : What is IGST? (A) Integrated Goods and Service Tax (B) Indian Goods and Service Tax (C) Initial Goods and Service Tax (D) None of these
Last Answer : (A) Integrated Goods and Service Tax
Description : What is CGST? (A) Center Goods and Service Tax (B) Capital Goods and Service Tax (C) Capacity Goods and Service Tax (D) Central Goods and Service Tax
Last Answer : (D) Central Goods and Service Tax
Description : Which one of these is better course for 3rd Year B.Com Student: 1. Diploma in Finance & Accounts with GST or 2. Financial Modeling?
Last Answer : I am going to assume you are working towards a Bachelor degree in Communication. What else does B.Com mean? If so, you are not communicating well with all these abbrevaitions and jargon. ... . Until you understand a balance sheet and an income statement, the rest is just woindow dressing.
Description : What do you know about Natesa Sastri? -SST 10th
Last Answer : Many people were collecting ballads, folk tales and myths, etc. to revive Indian folklore. In Madras, Natesa Sastri published a massive four-volume collection of Tamil folk tales, The ... national literature; it was the most trustworthy manifestation of people's real thoughts and characteristics'
Description : No money bill can be introduced in the Legislative Assembly of the a State, except on the recommendations of - (1) the Parliament (2) the Governor of the State (3) the president of India (4) a Special Committee of Ministers
Last Answer : (2) the Governor of the State Explanation: A Money Bill cannot be introduced in the Legislative Assembly of a state except on the recommendations of the Governor of the state
Description : If a budget is defeated in the legislature of a state then – (1) The Finance Minister alone has to resign (2) The Finance Minister concerned has to be suspended (3) The council of Ministers along with the Chief Minister has to resign (4) Reelection have to be ordered
Last Answer : (3) The council of Ministers along with the Chief Minister has to resign Explanation: If the state legislature refuses to pass annual budget, then it will mean the government of the day has lost ... . In such a scenario, the council of ministers along with the Chief Minister has to resign.
Description : The Union Executive of India consists of: (1) The President; Vice-President, Lok Sabha Speaker and the Council of Ministers (2) The President, Deputy Chairman of the Rajya Sabha, Lok Sabha ... and the Council of Ministers only (4) The President, Vice-President and the Council of Ministers only
Last Answer : (4) The President, VicePresident and the Council of Ministers only Explanation: Union Executive consists of the President, the Vice-President, the Price Minister and Council of Ministers and the Attorney General.
Description : Who can be the member of the Rajya Sabha but can speak both in Rajya Sabha and Lok Sabha? (1) The Deputy Chairman of Rajya Sabha (2) Leader of the House in the Rajya Sabha (3) Nominated members of the Rajya Sabha (4) Ministers who are members of the Rajya Sabha
Last Answer : (4) Ministers who are members of the Rajya Sabha Explanation: A Minister who is a Member of Lok Sabha has the right to speak in and otherwise to take part in the proceedings of Rajya Sabha but has no right to vote in Rajya Sabha and vice versa.
Description : Who acts as the channel of communication between the President and the Council Ministers? (1) Chairman, Rajya Sabha (2) Speaker of Lok Sabha (3) Vice-President (4) Prime Minister
Last Answer : (4) Prime Minister Explanation: The Prime Minister is the chief channel of communication between the President and the Council of Ministers and keeps the former informed about all the decisions of the ... a Council of Ministers with the Prime Minister at the head to aid and advice the President.
Description : The National Development Council includes : (1) all central Cabinet Ministers (2) Chief Ministers of all the States (3) Cabinet Ministers of all the States and the Centre. (4) Members of the Estimates Committee of the Parliament
Last Answer : (2) Chief Ministers of all the States Explanation: The National Development Council (NDC) or the Rashtriya Vikas Parishad is the apex body for decision making and deliberations on ... States or their substitutes, representatives of the union territories and the members of the Commissions.