21. GST comes under which amendment bill?
118
120
122
115
✅ The correct answer is C.
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).
22. GST threshold limit of Normal States is _______ lakh
12
15
20
25
✅ The correct answer is C.
GST will apply when turnover of the business exceeds Rs 20 lakhs (Limit is Rs 10 lakhs for the North Eastern States)
GST will apply when turnover of the business exceeds Rs 20 lakhs (Limit is Rs 10 lakhs for the North Eastern States)
23. Payment made through challan will be credited to which registers/ledgers?
Electronic Tax liability register
Electronic Credit ledger
Electronic Cash ledger
All of them
✅ The correct answer is C.
24. GST threshold limit of North Eastern States is _______ lakhs
5
10
12
15
✅ The correct answer is B.
GST will apply when turnover of the business exceeds Rs 20 lakhs (Limit is Rs 10 lakhs for the North Eastern States)
GST will apply when turnover of the business exceeds Rs 20 lakhs (Limit is Rs 10 lakhs for the North Eastern States)
25. The Tourist can claim Refund of following taxes paid
CGST and SGST/UTGST on supply of Goods and services
IGST on supply of goods consumed in Jammu & Kashmir
Tax paid on the supply of scotch to be taken out of India
None of the above
✅ The correct answer is D.
26. Which of these registers/ledgers are maintained online?
Tax liability register
Credit ledger
Cash ledger
All of them
✅ The correct answer is D.
28. The headquarters of GST council is _______.
Mumbai
New Delhi
Ahmadabad
Hyderabad
✅ The correct answer is B.
29. The Central Board of Excise and Customs (CBEC) announced that every year _______ will be considered as GST Day.
1st April
1st March
1st June
1st July
✅ The correct answer is D.
30. Who is considered as an e-commerce operator, who _____________digital or electronic facility or platform for electronic commerce
Owns
Operates
Manages
Any of the above
✅ The correct answer is D.