GST Development AFCAT Questions

AFCAT Indian Economy

GST Development MCQ Questions


13.
How are the revenues from SGST used?
A.
They are shared between the central and state governments.
B.
They are retained by the central government.
C.
They are retained by the state government.
D.
They are allocated to local governments.
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ANSWER :
C. They are retained by the state government.
14.
What is the relationship between CGST and SGST rates for a single transaction?
A.
SGST rate is always higher than CGST.
B.
CGST and SGST rates are equal.
C.
SGST is calculated first, and CGST is a percentage of SGST.
D.
CGST is higher for services.
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ANSWER :
B. CGST and SGST rates are equal.
15.
SGST revenue for a sale within Kerala will go to:
A.
Kerala State Government
B.
Central Government
C.
Both Kerala and Central Governments
D.
GST Council
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ANSWER :
A. Kerala State Government
16.
Who has the authority to amend CGST provisions?
A.
GST Council
B.
State Governments
C.
Parliament of India
D.
President of India
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ANSWER :
C. Parliament of India
17.
Which of the following describes the distribution of IGST?
A.
Entirely to the Central Government
B.
Split equally between CGST and SGST
C.
Distributed based on the place of consumption
D.
Given to the exporting state
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ANSWER :
C. Distributed based on the place of consumption
18.
If the GST rate for an item is 18%, what are the rates for CGST and SGST?
A.
CGST 9% and SGST 9%
B.
CGST 12% and SGST 6%
C.
CGST 6% and SGST 12%
D.
CGST 18% and SGST 18%
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ANSWER :
A. CGST 9% and SGST 9%