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11th Standard English Medium Commerce Subject Indirect Taxation Creative 1 Mark Questions with Solution Part - I Question Bank Software Jun-26 , 2021

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11th Standard English Medium Commerce Subject Indirect Taxation Creative 1 Mark Questions with Solution Part - I

11th Standard English Medium Commerce Subject Indirect Taxation Creative 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5

  1. GST is a _________ based tax on consumption of goods and services.

    (a)

    duration

    (b)

    destination

    (c)

    dividend

    (d)

    development

  2. India GST model has _________ rate structure.

    (a)

    3

    (b)

    5

    (c)

    4

    (d)

    6

  3. What is the maximum rate prescribed under GST?

    (a)

    12

    (b)

    20

    (c)

    28

    (d)

    18

  4. When does liability to pay GST arise in case of supply of goods?

    (a)

    on raising of invoice

    (b)

    At the time of supply of goods

    (c)

    On receipt of payment

    (d)

    Earliest of any of above

  5. Special provisions are there in the GST Act for the ___________ north-eastern states.

    (a)

    8

    (b)

    9

    (c)

    6

    (d)

    18

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