Goods and Services Tax (GST) Developments CDS Questions

CDS Economy

Goods and Services Tax (GST) Developments MCQ Questions


1.
What is the threshold limit for GST registration in India for normal taxpayers?
A.
₹10 lakh
B.
₹20 lakh
C.
₹30 lakh
D.
₹40 lakh
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ANSWER :
B. ₹20 lakh
2.
Which of the following components is not a part of GST?
A.
CGST
B.
SGST
C.
IGST
D.
NGST
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ANSWER :
D. NGST
3.
Which state first implemented GST in India?
A.
Andhra Pradesh
B.
Telangana
C.
Assam
D.
Karnataka
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ANSWER :
C. Assam
4.
GST came into effect on _____.
A.
1st April 2016
B.
1st July 2017
C.
1st January 2018
D.
1st March 2017
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ANSWER :
B. 1st July 2017
5.
Which article of the Indian Constitution mentions GST?
A.
Article 246A
B.
Article 370
C.
Article 269A
D.
Article 101
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ANSWER :
A. Article 246A
6.
GST is a ____ tax levied on goods and services consumed domestically.
A.
Direct
B.
Cascading
C.
Destination-based
D.
Source-based
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ANSWER :
C. Destination-based