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Goods and Services Tax(GST) Multiple Choice Questions with Answers for Competitive Exams

Questions
1 The headquarters of GST council is located at _______.
A New Delhi
B Lucknow
C Ahmadabad
D Mumbai
E Hyderabad

Answer: Option [A]
2 Which state became the first state of India to ratify GST bill?
A Bihar
B Telangana
C Assam
D Andhra Pradesh
E Arunachal Pradesh

Answer: Option [C]

Assam became the first state in the country to ratify the constitution amendment bill on the Goods and Services Tax (GST) as the assembly unanimously passed the bill.

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3 GST was introduced as the _____ amendment Act.
A 100
B 101
C 102
D 103
D 104

Answer: Option [B]
4 A special purpose vehicle _______ has been launched to cater the needs of GST.
A GSTS
B GSTR
C GSTM
D GSTN
E GSTC

Answer: Option [D]

GSTN - Goods and Services Tax Network.

5 GST threshold limit barring North East (NE) and hilly states is ______ lakh.
A 10
B 15
C 20
D 25
E 30

Answer: Option [A]
6 Who is the chairman of GST council?
A RBI Governor
B Prime Minister
C Finance secretary
D President of India
E Finance Minister

Answer: Option [E]

Finance Minister Arun Jaitley is the current chairman of GST council.

7 GST is a ___ based tax on consumption of goods and services.
A Origin
B Destiny
C Development
D Destination
E Dividend

Answer: Option [D]

Destination based tax or consumption tax are levied where goods and services are consumed. In destination-based taxation, exports are allowed with zero taxes whereas imports are taxed on par with the domestic production.

8 In which year GST was first proposed in India?
A 2000
B 2002
C 2004
D 2006
E None of the above

Answer: Option [A]
9 In IGST, I stands for
A Intra
B Integrated
C Internal
D Innovation
E International

Answer: Option [B]
10 Indian GST model has how many bands of tax rates?
A 2
B 3
C 4
D 5
E 6

Answer: Option [C]

In India GST model has 4 rate structure. They are 5%, 12%, 18% and 28%.

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