300+ TOP MCQs on Goods and Services Tax and Answers

MCQs on Goods and Services Tax: Below are the list of Commerce MCQs and Answers as per the new syllabus. Ace up your preparation with the Objective Questions available on GST Objective Questions.

MCQs on Goods and Services Tax :

1. What is the full form of GST?
(A) Goods and Supply Tax
(B) Goods and Services Tax
(C) General Sales Tax
(D) Government Sales Tax

Answer

Answer: (B)

2. GST was implemented in India from
(A) 1st January 2017
(B) 1st April 2017
(C) 1st March 2017
(D) 1st July 2017

Answer

Answer: (D)

3. In India, the GST is a dual model of
(A) UK
(B) Canada
(C) USA
(D) Japan
(e) China

Answer

Answer: (B)

4. GST is a consumption of goods and service tax based on
(A) Development
(B) Dividend
(C) Destiny
(D) Duration
(e) Destination

Answer

Answer: (e)

5. India’s GST structure are based on how many structures?
(A) 6
(B) 4
(C) 3
(D) 5

Answer

Answer: (B)

6. The maximum rate for CGST is?
(A) 28
(B) 12
(C) 18
(D) 20

Answer

Answer: (D)

7. The maximum rate for SGST/UTGST is?
(A) 28
(B) 14
(C) 20
(D) 30

Answer

Answer: (C)

8. The maximum rate for SGST/UTGST is?
(A) 28
(B) 14
(C) 20
(D) 30

Answer

Answer: (C)

9. Which code is used to classify goods and services under GST?
(A) HSN Code
(B) SAC/HSN Code
(C) GST Code
(D) SAC Code

Answer

Answer: (B)

10. What does “I” in IGST stands stand for?
(A) Internal
(B) Intregrated
(C) Internal
(D) Intra

Answer

Answer: (B)

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