5%
12%
18%
28%
✅ The correct answer is D.
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).
32. Who will notify the rate of tax to be levied under CGST?
GST Council suo moto
Central Government suo moto
State Government suo moto
Central Government as per the recommendations of the GST Council
✅ The correct answer is D.
33. Which of the following country is the first one to implement GST?
USA
France
China
Switzerland
✅ The correct answer is B.
France implemented GST in 1954.
France implemented GST in 1954.
34. How many countries have dual – GST model?
5
8
10
14
✅ The correct answer is E.
Till now Canada only has dual GST model but now India also started to use dual-GST model.
Till now Canada only has dual GST model but now India also started to use dual-GST model.
35. Smart Phones will be taxed at _______ under GST.
0%
5%
12%
18%
✅ The correct answer is D.
At the 39th GST Council, the GST rate on mobile phones has been raised from 12 percent to 18 percent.
At the 39th GST Council, the GST rate on mobile phones has been raised from 12 percent to 18 percent.