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Goods and Services Tax (GST) Act, 2017

This quiz is designed to assess your knowledge of the Goods and Services Tax (GST) Act, 2017.

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

Which of the following is NOT a type of GST?

  1. Central GST (CGST)
  2. State GST (SGST)
  3. Integrated GST (IGST)
  4. Union Territory GST (UTGST)
Question 2 Multiple Choice (Single Answer)

What is the GST rate for most goods and services?

  1. 5%
  2. 12%
  3. 18%
  4. 28%
Question 3 Multiple Choice (Single Answer)

Which of the following goods is exempt from GST?

  1. Foodgrains
  2. Milk
  3. Fruits and vegetables
  4. All of the above
Question 4 Multiple Choice (Single Answer)

What is the GST rate for gold?

  1. 3%
  2. 5%
  3. 12%
  4. 18%
Question 5 Multiple Choice (Single Answer)

Which of the following services is exempt from GST?

  1. Educational services
  2. Healthcare services
  3. Transportation services
  4. All of the above
Question 6 Multiple Choice (Single Answer)

What is the due date for filing GST returns?

  1. 10th of the month
  2. 15th of the month
  3. 20th of the month
  4. 25th of the month
Question 7 Multiple Choice (Single Answer)

Which of the following is NOT a penalty for late filing of GST returns?

  1. Late fee
  2. Interest
  3. Penalty
  4. Imprisonment
Question 8 Multiple Choice (Single Answer)

What is the maximum penalty for late payment of GST?

  1. 10% of the tax due
  2. 20% of the tax due
  3. 30% of the tax due
  4. 40% of the tax due
Question 9 Multiple Choice (Single Answer)

Which of the following is NOT a benefit of GST?

  1. Reduced tax burden
  2. Simplified tax structure
  3. Increased transparency
  4. Increased corruption
Question 10 Multiple Choice (Single Answer)

What is the GST Council?

  1. A body that decides on GST rates and rules
  2. A body that oversees the implementation of GST
  3. A body that resolves disputes between the Central Government and the State Governments
  4. All of the above
Question 11 Multiple Choice (Single Answer)

Which of the following is NOT a member of the GST Council?

  1. The Union Finance Minister
  2. The State Finance Ministers
  3. The Prime Minister
  4. The President
Question 12 Multiple Choice (Single Answer)

What is the GST compensation cess?

  1. A cess levied on certain goods and services to compensate the States for the loss of revenue due to GST
  2. A cess levied on certain goods and services to fund the implementation of GST
  3. A cess levied on certain goods and services to promote the development of the North-Eastern States
  4. A cess levied on certain goods and services to promote the development of the Union Territories
Question 13 Multiple Choice (Single Answer)

Which of the following is NOT a feature of the GST compensation cess?

  1. It is levied for a period of five years
  2. It is levied at a rate of 2%
  3. It is levied on all goods and services
  4. It is distributed among the States on the basis of their population
Question 14 Multiple Choice (Single Answer)

What is the purpose of the GST compensation cess?

  1. To compensate the States for the loss of revenue due to GST
  2. To fund the implementation of GST
  3. To promote the development of the North-Eastern States
  4. To promote the development of the Union Territories
Question 15 Multiple Choice (Single Answer)

Which of the following is NOT a benefit of the GST compensation cess?

  1. It helps to maintain the fiscal stability of the States
  2. It helps to reduce the fiscal deficit of the States
  3. It helps to promote the development of the States
  4. It helps to increase the tax burden on the States
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