Goods and Services Tax TNPSC Group 1 Questions

Goods and Services Tax MCQ Questions

1.
Which was the first country to implement GST in 1954 and many other European countries introduced GST in 1970-80
A.
France
B.
Germany
C.
Italy
D.
India
ANSWER :
A. France
2.
The goods and service tax (GST) is one of the
A.
Direct Tax
B.
Indirect Tax
C.
Excise Duty
D.
Wealth Tax
ANSWER :
B. Indirect Tax
3.
The GST was passed in Parliament on 29 March 2017. The act came into effect on
A.
1st May 2017
B.
1st June 2017
C.
1st July 2017
D.
1st August 2017
ANSWER :
C. 1st July 2017
4.
Which of the following is considered as "One Point Tax"
A.
Wealth Tax
B.
VAT
C.
GST
D.
Direct Tax
ANSWER :
C. GST
5.
In india GST is a dual model of
A.
China
B.
Canada
C.
Japan
D.
Italy
ANSWER :
B. Canada
6.
Which of the following statement is correct about GST?
(i) GST is the 'one point tax'.
(ii) This aims to replace all direct taxes levied on goods and services by the Central and State governments.
(iii) It will be implemented from 1 July 2017 throughout the country.
(iv) It will unified the tax structure in India.
A.
(i) and (ii) are correct
B.
(ii), (iii) and (iv) are correct
C.
(i), (iii) and (iv) are correct
D.
All are correct
ANSWER :
C. (i), (iii) and (iv) are correct