Definitions of Indirect Tax GST Multiple Choice Questions
1. The definition of goods under section 2(52) of the CGST Act does not include-
A. Gras
B. Money and securities
C. Actionable claims
D. Growing crops
Answer: B. Money and securities
2. P Ltd. has a contract with X Ltd. to provide book keeping services to Q Ltd. Q Ltd. is a subsidiary of P Ltd. The liability to discharge consideration for such book keeping service is of P Ltd. As per the CGST Act, 2017, who will be the recipient of the above service?
A. P Ltd.
B. Q Ltd.
C. X L
D. (d) Both (a) and (b)
Answer: A. P Ltd.
3. is not included in the term “Goods” under GST Law:
A. Movable Property
B. Actionable Claim
C. Securities
D. Growing Crops
Answer: C. Securities
4. Which of the following is not covered under the term “Goods” under GST ?
A. Money
B. Actionable Claim
C. Securities
D. Both (a) & (c)
Answer: D. Both (a) & (c)
5. As per the CGST Act, 2017, “business” includes :(i) Adventure not for a pecuniary benefit (ii) Any activity or transaction undertaken by the Central Government, a State Government or any local authority in which they are engaged as public authorities.
A. (ii) only
B. Both (i) and (ii)
C. Neither (i) nor (ii)
D. (i) only
Answer: B. Both (i) and (ii)
6. Which of the following can be treated as “goods” under the CGST Act, 2017 ?(i) Movable Property (ii) Money and Securities (iii) Actionable Claim Select the correct answer from the options given below :
A. ✔✕✔
B. ✕✔✔
C. ✕✔✕
D. ✔✕✕
Answer: A. ✔✕✔
7. Securities are excluded from the definition of .
A. Good
B. Services
C. Both (a) and (b)
D. Neither (a) nor (b)
Answer: C. Both (a) and (b)
8. Money is .
A. Specifically included in the definition of goods
B. Specifically included in the definition of services
C. Specifically excluded from the definition of goods as well as services
D. None of the above
Answer: C. Specifically excluded from the definition of goods as well as services
9. Actionable Claims are .
A. Specifically included in the definition of goods
B. Specifically included in the definition of services
C. Specifically excluded from the definition of goods as well as services
D. Specifically excluded from the definition of goods only
Answer: A. Specifically included in the definition of goods
10. Which of the following is a non–taxable supply under the CGST Act, 2017 ?
A. Supply of goods not leviable to tax under the CGST Act, 2017
B. Supply of services not leviable to tax under the CGST Act, 2017
C. Supply which is neither a supply of good nor a supply of service.
D. Both (a) and (b)
Answer: D. Both (a) and (b)