GST Quiz – Test Your Knowledge of Goods and Services Tax

Q1. If a country does invest in capital goods, how can it affect the country’s gross domestic product (GDP)?

Q2. Thetime limit beyond which if goods are not returned, the inputs sent for job work shall be treated as supply

Q3. The percent increase in GDP from one year to the next.

Q4. Find the sales tax only. $199.95 ipod; 9%tax

Q5. Earnings paid to an employee based on an hourly rate.

Q6. Anitems price is $10. GST is 10%, what is the dollar value of GST?

Q7. The tax which was not merged into GST

Q8. An economy that has characteristics of both market and command economic systems

Q9. If you make a mistake on your tax return and include some income twice, you can’t do anything about it.

Q10. GST is a matter of jurisdiction of

Q11. The government uses tax money to provide private goods and services.

Q12. India’s GST structure are based on how many structures?

Q13. Under GST law, tax rates are determined by

Q14. A unique identification number of a stock item to which a manufacturer can attach the manufacturing and expiry dates is known as

Q15. A person, other than the taxpayer or spouse, who entitles the taxpayer to claim an exemption.

Q16. Thefourstages an economythrough over a period of time, as an economy does not grow at a steady rate.

Q17. What type of account is-Drawings

Q18. Purpose: To hurt a country’s economy

Q19. When is a supply of goods to take place inter state?

Q20. the total amount of things that a group of people can produce

Q21. Tax is paid by

Q22. The economic system where the people carry out their economic activities without government control.

Q23. What is full form of DTAA?

Q24. Which basis of accounting violates GAAP?

Q25. Taxes paid on purchasing goods

GST - Part 1

Q1. If a country does invest in capital goods, how can it affect the country’s gross domestic product (GDP)?

Q2. Thetime limit beyond which if goods are not returned, the inputs sent for job work shall be treated as supply

Q3. The percent increase in GDP from one year to the next.

Q4. Find the sales tax only. $199.95 ipod; 9%tax

Q5. Earnings paid to an employee based on an hourly rate.

Q6. Anitems price is $10. GST is 10%, what is the dollar value of GST?

Q7. The tax which was not merged into GST

Q8. An economy that has characteristics of both market and command economic systems

Q9. If you make a mistake on your tax return and include some income twice, you can’t do anything about it.

Q10. GST is a matter of jurisdiction of

Q11. The government uses tax money to provide private goods and services.

Q12. India’s GST structure are based on how many structures?

Q13. Under GST law, tax rates are determined by

Q14. A unique identification number of a stock item to which a manufacturer can attach the manufacturing and expiry dates is known as

Q15. A person, other than the taxpayer or spouse, who entitles the taxpayer to claim an exemption.

Q16. Thefourstages an economythrough over a period of time, as an economy does not grow at a steady rate.

Q17. What type of account is-Drawings

Q18. Purpose: To hurt a country’s economy

Q19. When is a supply of goods to take place inter state?

Q20. the total amount of things that a group of people can produce

Q21. Tax is paid by

Q22. The economic system where the people carry out their economic activities without government control.

Q23. What is full form of DTAA?

Q24. Which basis of accounting violates GAAP?

Q25. Taxes paid on purchasing goods