GST

GST MCQs with Answers and Explanations | Goods and Services Tax Objective Questions

Prepare effectively with our detailed collection of GST MCQs with answers and explanations. Covering essential topics like GST basics, input tax credit (ITC), GST registration, filing returns, GST slabs and rates, supply of goods and services, reverse charge mechanism, exemptions, and compliance rules, these multiple-choice questions are perfect for students, professionals, and candidates preparing for competitive and professional exams (CA, ACCA, ICMA, MBA, BBA, CSS, PMS, NTS, FPSC, PPSC, UPSC, accounting and tax exams, etc.). Each question is supported by a clear solution and explanation to improve conceptual clarity and exam preparation. Ideal for practice, self-assessment, and revision in the field of Goods and Services Tax (GST).

4. What is the due date for payment of tax?

A) Last day of the month to which payment relates
B) Within 10 days of the subsequent month
C) Within 20 days of the subsequent month
D) Within 15 days of the subsequent month
✅ ANSWER: C

7. Who is the chairman of GST council?

President of India
Prime Minister
Finance Minister
RBI Governor
✅ The correct answer is C.
Finance Minister (currently Arun Jaitley) is the chairman of GST council

8. Any registered taxable person who fails to furnish the details and file the return within the due date prescribed shall be liable to

Interest at the rate of 1% per month
Late fee of Rs. 100 for every day up to Rs. 5000
Both (a) and (b)
None of the above
✅ The correct answer is B.
It has been decided that for subsequent months, i.e. October 2017 onwards, the amount of late fee payable, by a taxpayer whose tax liability for that month was „NIL‟, will be Rs. 20/- per day (Rs. 10/- per day each under CGST & SGST Acts) instead of Rs. 200/- per day (Rs. 100/- per day each under CGST & SGST Acts). For other taxpayers, whose tax liability for that month was not „NIL‟, late fee payable will be Rs. 50/- per day (Rs. 25/- per day each under CGST & SGST Acts) instead of Rs. 200/- per day (Rs. 100/- per day each under CGST & SGST Acts). Notification No. 64/2017-CT dated 15th November 2017 has already been issued in this regard.
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