Today we are here with new facts of GST General Knowledge Multiple Choice Questions,multiple choice questions on gst ,important gst mcq questions and answers pdfmcq on gst upsc,Unknown facts about gst.Full form of GST is Goods and Services Tax .It is a single indirect tax for the whole nation, one which will make India a unified common market. It is a single tax on the supply of goods and services, right from the manufacturer to the consumer.
(a) Goods and Services Tax
(GST)
(b) Gods and Services Tax
(GST)
(c) Goods and Services Total
(GST)
(d) None of these
(Ans : a)
No.-2. 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
(Ans : d)
No.-3. 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
(Ans : a)
No.-4. 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
(Ans : a)
No.-5. The concept of Goods
and Services Tax (GST) is originated in–
(a) Canada
(b) USA
(c) Britain
(d) Germany
(Ans : a)
No.-6. Which of the following
country is the first one to implement GST?
(a) USA
(b) France
(c) China
(d) Switzerland
(Ans : b)
No.-7. Which state became the
first state of India to ratify GST bill?
(a) Bihar
(b) Telangana
(c) Assam
(d) Andhra Pradesh
(Ans : c)
No.-8. In which year GST was
first introduced in India?
(a) 2000
(b) 2002
(c) 2004
(d) 2006
(Ans : a)
No.-9. The headquarters of
GST council is located at–
(a) New Delhi
(b) Lucknow
(c) Ahmadabad
(d) Mumbai
(Ans : a)
No.-10. Presently how many
countries have implemented GST?
(a) 102
(b) 120
(c) 140
(d) 160
(Ans : d)
No.-11. How many countries
have dual – GST model?
(a) 5
(b) 8
(c) 10
(d) None of these
(Ans : d)
No.-12. Who is the head of
the GST council?
(a) Shashi Kant Das
(b) Amit Mitra
(c) Arun Jaitley
(d) Hasmukh Adhia
(Ans : c)
No.-13. Which article spells
formation of GST Council?
(a) 270
(b) 246A (2)
(c) 269A (1)
(d) 279A
(Ans : d)
No.-14. Which of the
following tax will be abolished by the GST?
(a) Service Tax
(b) Corporation tax
(c) Income Tax
(d) Wealth Tax
(Ans :a)
No.-15. 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
(Ans : c)
No.-16. GST will be levied
on–
(a) Manufacturers
(b) Retailers
(c) Consumers
(d) All of the above
(Ans : d)
No.-17. 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
(Ans : b)
No.-18. Which constitutional
amendment is done to pass the GST bill?
(a) 101st
(b) 120th
(c) 122nd
(d) 115th
(Ans :a)
No.-19. Who is the chairman
of GST council?
(a) RBI Governor
(b) Prime Minister
(c) Finance secretary
(d) Finance Minister
(Ans : d)
No.-20. The country with
highest GST Rate in the world is–
(a) USA
(b) India
(c) China
(d) Greece
(Ans : B)
No.-21. In India GST came
affective from July 1st, 2017, India has chosen ................... model of
dual – GST.
(a) USA
(b) UK
(c) Canadian
(d) China
(Ans : c)
No.-22. The tax IGST charged
by ................... Government.
(a) Central
(b) State
(c) Concerned department
(d) Both a and b
(Ans : a)
No.-23. GST comes under which
amendment bill?
(a) 118
(b) 120
(c) 122
(d) 115
(Ans : c)
No.-24. How many types of GST
in India?
(a) 2
(b) 3
(c) 4
(d) 5
(Ans : b)
No.-25. Which country has the
second-highest GST rate of 27%?
(a) Colombia
(b) Brazil
(c) Argentina
(d) Chile
(Ans : c)
No.- 26. 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
(Ans : b)
No.-27. Which of the
following tax will be abolished by the GST?
(a) Service Tax
(b) Income Tax
(c) Wealth Tax
(d) Corporation tax
(Ans : a)
No.-28. India has chosen
................... model of dual-GST?
(a) Canadian
(b) Cuba
(c) Belize
(d) Nicaragua
(Ans : a)
No.-29. GST was introduced as
the ................... amendment Act.
(a)100
(b) 101
(c) 102
(d) 103
(Ans : b)
No.-30. A special purpose
vehicle ................... has been launched to cater the needs of GST.
(a) GSTS
(b) GSTR
(c) GSTM
(d) GSTN
(Ans : d)
No.-31. GST is a
................... based tax on consumption of goods and services.
(a) Origin
(b) Destiny
(c) Development
(d) Destination
(Ans : d)
No.-32. Indian GST model has
how many bands of tax rates?
(a) 2
(b) 3
(c) 4
(d) 5
(Ans : c)
No.-33. The highest rate of
tax prescribed under IGST is–
(a) 5%
(b) 12%
(c) 18%
(d) 28%
(Ans : d)
No.-34. Combined Stake of
Central and State Government in GSTN is–
(a) 20%
(b) 25%
(c) 49%
(D) 51%
(Ans : c)
No.-35. 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
(Ans : d)
No.-36. Who is the chairman
of GST committee of state finance ministers?
(a) Amit Mitra
(b) Amit kohli
(c) Amit Sastri
(d) Amit Malhodra
(Ans : a)
No.-37. 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
(Ans : b)
No.-38. 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%
(Ans :c)
No.-39. The IGST is charged
by?
(a) Central Government of
India
(b) State Government of
Andhra
(c) Only 1
(d) Only 2
(Ans : a)
No.-40. Ayurvedic products
comes under which rate structure?
(a) 14%
(b) 15%
(c) 12%
(d) 11%
(Ans : c)
No.-41. Under which Act GST
was introduced?
(a) 100
(b) 101
(c) 102
(d) 103
(Ans : b)
No.-42. GST council formation
based on Article number–
(a) 279A
(b) 289A
(c) 266A
(d) 255A
(Ans : a)
No.-43. Under GST,
Smartphones will be taxed at ................... per cent.
(a) 14%
(b) 12%
(c) 18%
(d) 5%
(Ans : b)
No.-44. 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)
No.-45. Combined Stake of
Central and State Government in GSTN is–
(a) 20%
(b) 25%
(c) 49%
(d) 51%
(Ans : c)
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