GST India

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



Q.2. Which state became the first state of India to ratify GST bill?
A. Bihar
B. Telengana
C. Assam
D. Andhra Pradesh
Ans. Assam



Q.3. GST was introduced as the ___ amendment Act.
A. 100
B. 101
C. 102
D. 103
Ans. 101



Q.4. GST threshold limit barring North East (NE) and hilly states is __ lakh.
A. 10
B. 15
C. 20
D. 25
Ans. 20



Q.5. Who is the chairman of GST council?
A. RBI Governor
B. Prime Minister
C. Finance Minister
D. President of India
Ans. Finance Minister



Q.6. Indian GST model has how many bands of tax rates?
A. 2
B. 3
C. 4
D. 5
Ans. 4



Q.7. In India GST came effective from July 1st, 2017. From which country India has borrowed Dual GST Model?
A. Canadian
B. Japan
C. China
D. USA
Ans. Canadian



Q.8. Presently how many countries have implemented GST?
A. 120
B. 102
C. 140
D. 160
Ans. 160



Q.9. The country with highest GST Rate in the world is
A. USA
B. India
C. China
D. Greece
Ans. India



Q.10. Which of the following comes under sin tax?
A. Pan Masala
B. Tobacco
C. Alcohol
D. All of the above
Ans. All of the above



Q.11. GST will be levied on _____ .
A. Manufacturers
B. Retailers
C. Consumers
D. All of the above
Ans. All of the above

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