Assignment I

Assignment I
Due date: 2019-09-30, 23:59 IST.

Your last recorded submission was on 2019-09-18, 20:25 IST
1. The exclusive right to make laws for matters containing in List-I of Schedule VII of the
Constitution of India has been given to
State Governments
Central Government
Both Centre and State Governments
None of the above
2. The exclusive right to make laws for matters containing in List-II of Schedule VII of the
Constitution of India has been given to
State Governments
Central Government
None of the above
3. The exclusive right to make laws for matters containing in List-III of Schedule VII of
the Constitution of India has been given to
State Governments
Central Government
None of the above
4. Power to make laws with respect to goods and service tax has been given by the
Constitution vide,
Article 279A
Article 246A
Article 246
Article 366
5. Who shall be empowered to levy and collect GST on supplies in the course of Inter-
Stat trade or commerce?
Government of India
State Governments
Union Territories
All the above
6. Mr. X has a farm where he undertakes the activity of growing paddy. Does this activity
fall under the definition of goods under the CGST Act?
Yes, growing crops fall under the definition of goods
No, since agricultural product
Not specified in taxable schedule
None of the above
7. Define which one of the followings are considered as Deemed Exports as per GST Act
Supply of goods by a registered person against Advance Authorisation
Supply of capital goods by a registered person against Export Promotion Capital

Goods Authorisation
Supply of goods by a registered person to Export Oriented Unit
All of the above
8. Which are the Union Taxes has been merged in GST Act
Central Excise Duty
Service Tax
Cess on Excise duty
all of the above
9. Which are the State Taxes has been merged in GST Act
Central Sales Tax

Value Added Tax (VAT)
Entry Tax
all of the above
10. Significant Benefits of GST could be stated as :
Seamless Credit
Uniform rate of Tax
No cascading effect
All of the above
11. Significant advantage for the Industy due to GST implementation would be :
Application of Single rate across the country
Availability of input tax credit without any restriction
Reduction in law compliance hazards
All of the above
12. Whether a Casual dealer is liable to pay GST
Yes
No
Yes if turnover exceeds threshold limit
Not payable under any circumstances
13. Whether transfer of goods to another branch located outside the State is taxable
under GST Act
Yes – between two states
Yes – between two Union Territories
Yes – between one state and one Union Territory
None of the above
14. Whether gifts given by employer to employee would be considered as supply

Always Yes
Yes – if value of the gift exceeds Rs 50,000
Yes – if value of the gift exceeds Rs 1,00,000
Yes – if value of the gift exceeds Rs 5,00,000
15. Whether Services by an employee to the employer is taxable :
Always Yes
Always No
No if such services are in the course of or in relation to his employment
None of the above
16. What is composite supply?
supply made by a taxable person to a recipient consisting of two or more taxable

supplies of goods or services or both,
naturally bundled and supplied in conjunction with each other in the ordinary course
of business
one of which is a principal supply.
All of the above
17. What is mixed supply as per asper Section2(74)of the CGST Act :
Where two or more individual supplies of goods or services or any combination

thereof takes place
Such supplies are made in conjunction with each other by a taxable person for a
single price
Such supply does not constitute a composite supply
All of the above
18. What are the taxes that are levied on an inter State supply
CGST
SGST
CGST or UGST
UGST
19. In case of lottery procured from State Government by a lottery distributor, GST is
payable by:
Lottery distributor
State Government
Both the above
None of the above
20. Reverse charge under section9(3) of the CGST Act is applicable on:
Only on notified services
Only on notified goods
Notified goods & services
None of the above
21. Can a registered person under composition scheme claim input tax credit
Yes
No
Input tax credit on inward supply of goods only can be claimed
Input tax credit on inward supply of services only can be claimed
22. Can a registered person opting for composition scheme collect tax on his outward
supplies
Yes
No
Yes, if the amount of tax is prominently indicated in the invoice issued by him
Yes, only on such goods as may be notified by the Central Government
23. Migrating from old registration to GST registration to New in case of Composition
need to fill
Form GST CMP-05

Form GST CMP-08
Form GST CMP-01
Form GST CMP-10
24. The value of supply of goods and services shall be the
Transaction value
MRP
Market Value
None of above
25. As per Rule 31 of the CGST Rules, residual method for determination of value of
supply of goods or services or both will apply when:
Value of supply cannot be determined under Rules 27 to 30
Value of supply determined is more than the open market value of goods
Value of supply determined is more than the Value of supply of like kind and quality
All of the above

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Assignment I

Due date: 2019-09-30, 23:59 IST.

Both Centre and State Governments

None of the above

Both Centre and State Governments

None of the above

Both Centre and State Governments

None of the above

All the above

Yes, growing crops fall under the definition of goods

No, since agricultural product

Not specified in taxable schedule

None of the above

Supply of goods by a registered person against Advance Authorisation

Supply of capital goods by a registered person against Export Promotion Capital

Supply of goods by a registered person to Export Oriented Unit

All of the above

Central Excise Duty

Cess on Excise duty

all of the above

Central Sales Tax

all of the above

10. Significant Benefits of GST could be stated as :

Uniform rate of Tax

No cascading effect

All of the above

Application of Single rate across the country

Availability of input tax credit without any restriction

Reduction in law compliance hazards

All of the above

12. Whether a Casual dealer is liable to pay GST

Yes if turnover exceeds threshold limit

Not payable under any circumstances

Yes – between two states

Yes – between two Union Territories

Yes – between one state and one Union Territory

None of the above

14. Whether gifts given by employer to employee would be considered as supply

Yes – if value of the gift exceeds Rs 50,000

Yes – if value of the gift exceeds Rs 1,00,000

Yes – if value of the gift exceeds Rs 5,00,000

15. Whether Services by an employee to the employer is taxable :

No if such services are in the course of or in relation to his employment

None of the above

16. What is composite supply?

supply made by a taxable person to a recipient consisting of two or more taxable

one of which is a principal supply.

All of the above

Where two or more individual supplies of goods or services or any combination

Such supply does not constitute a composite supply

All of the above

Both the above

None of the above

Only on notified services

Only on notified goods

Notified goods & services

None of the above

Input tax credit on inward supply of goods only can be claimed

Input tax credit on inward supply of services only can be claimed