FINAL ANSWER KEY
Paper: The Kerala General Sales Tax Act (Paper I)
Date of Test 16-03-2022
Question1:-The protective assessment under the KGST Act 1963 is done as per ;
A:-Section 19A
B:-Section 19B
C:-Section 19C
D:-Section 19D
Correct Answer:- Option-C
Question2:-The authority to issue clarification under the provisions of KGST Act 1963 is
A:-Inspecting Asst Commissioner
B:-Deputy Commissioner (Appeals)
C:-Commissioner
D:-Appellate Tribunal
Correct Answer:- Option-C
Question3:-The assessment on legal heirs under the KGST Act 1963 is done as per ;
A:-Section 19
B:-Section 20
C:-Section 21
D:-Section 21A
Correct Answer:- Option-B
Question4:-Which among the following is a valid situation that may lead to suspension of the registration granted under the KGST Act 1963?
A:-Effected interstate sale
B:-Business place shifted to another district
C:-Filed Nil return continuously for 3 months
D:-Violated conditions of the registration certificate issued
Correct Answer:- Option-D
Question5:-Confiscation of goods under the KGST Act 1963 can be done by an authorized officer not below the rank of ;
A:-Inspecting Asst. Commissioner
B:-Deputy Commissioner
C:-Joint Commissioner
D:-Commercial tax officer
Correct Answer:- Option-A
Question6:-The point of levy under the KGST Act 1963 is generally,
A:-Single point
B:-Multi point
C:-Double point
D:-Triple point
Correct Answer:- Option-A
Question7:-Assessment in case of undervaluation is provided under _______ of the KGST Act 1963.
A:-Section 19
B:-Section 19A
C:-Section 19B
D:-Section 19C
Correct Answer:- Option-C
Question8:-'Declared goods' are _______
A:-Goods declared as those attracting entry taxes
B:-Goods declared under section 14 of the CST Act to be of special importance in interstate trade
C:-Goods to be declared at all en-route checkposts
D:-None of the above
Correct Answer:- Option-B
Question9:-The levy of tax on foreign liquor is now governed by the provisions of ;
A:-Kerala goods and Services Tax Act 2017
B:-Kerala Value Added Tax Act 2003
C:-Central Sales Tax Act 1956
D:-Kerala General Sales Tax Act 1963
Correct Answer:- Option-D
Question10:-As per the KGST Act 1963, the special powers for revenue recovery of tax arrears under the Revenue recovery Act is vested on;
A:-Inspecting Asst Commissioner
B:-Deputy Commissioner
C:-Commissioner
D:-Commercial Tax officer
Correct Answer:- Option-A
Question11:-Section 14 of the CST Act 1956 deals with ____
A:-Declared goods of special importance
B:-Notified goods
C:-Goods to be levied by the Central government
D:-Goods to be levied by the state government
Correct Answer:- Option-A
Question12:-Application for registration under the CST Act to be field in ____
A:-Form D
B:-Form C
C:-Form B
D:-Form A
Correct Answer:- Option-D
Question13:-The form C declaration under the CST Act enables a dealer to ____
A:-Make the interstate sale
B:-Avail concessional rate of tax on interstate purchases
C:-Import goods from other countries
D:-Stock transfer the goods to other units
Correct Answer:- Option-B
Question14:-The form specified under the CST rules to substantiate In-transit sale is ;
A:-Form.F
B:-Form.H
C:-Form.E-I/E-II
D:-Form.I
Correct Answer:- Option-C
Question15:-'H Form' under the CST Act is used to prove,
A:-Import
B:-Interstate sale
C:-Stock transfer
D:-Export
Correct Answer:- Option-D
Question16:-If a dealer declared interstate sales against C form fails to furnish such form, he is liable to pay tax at _____
A:-2%
B:-10%
C:-5%
D:-the applicable local rate of appropriate state
Correct Answer:- Option-D
Question17:-What is the quantum of penalty in lieu of prosecution as per section 10(A) of the CST Act?
A:-a sum equal to the tax leviable u/s 8(2)
B:-a sum not exceeding one and a half times the tax leviable u/s 8(2)
C:-a sum equal to four times the tax leviable u/s 8(2)
D:-a sum equal to double the time the tax leviable u/s 8(2)
Correct Answer:- Option-B
Question18:-The penal provisions under the Kerala Surcharge on taxes Act 1957 is under;
A:-Section 4
B:-Section 6
C:-Section 7
D:-Section 8
Correct Answer:- Option-A
Question19:-Which of the following is not a declared goods under the CST Act?
A:-Rice
B:-Jute
C:-Health drinks
D:-Domestic LPG
Correct Answer:- Option-C
Question20:-Purchase tax under KGST Act 1963 is levied as per,
A:-Section 5
B:-Section 5A
C:-Section 5B
D:-Section 6
Correct Answer:- Option-B
Question21:-The travelling salesman permit under the KGST Act 1963 is issued in,
A:-Form.6
B:-Form 6A
C:-Form.7
D:-Form 8
Correct Answer:- Option-C
Question22:-The establishment of checkposts under the KGST Act 1963 is provided in;
A:-Section 27
B:-Section 28
C:-Section 29
D:-Section 30
Correct Answer:- Option-C
Question23:-Which of the following is not a 'goods' as per the definition under KGST Act?
A:-Livestock
B:-Grass
C:-Growing crops
D:-Newspaper
Correct Answer:- Option-D
Question24:-As per which section of the KGST Act 1963, an assessing authority is empowered to purchase goods in order to prevent under
valuation?
A:-Section 28A
B:-Section 28B
C:-Section 29
D:-Section 29A
Correct Answer:- Option-A
Question25:-Issuance of transit pass is dealt with under ____ of the KGST Act 1963;
A:-Section 20B
B:-Section 30B
C:-Section 22B
D:-Section 32B
Correct Answer:- Option-B
Question26:-Audit Statement and certificate under section 27A of the KGST Act shall be in,
A:-Form.13 and 13A
B:-Form.50A and 50B
C:-Form 7 and 7A
D:-Form.30 and 30A
Correct Answer:- Option-B
Question27:-The power to grant exemption or reduction in tax payable under the KGST Act 1963 is vested with;
A:-the Government
B:-Appellate Tribunal
C:-The Commissioner
D:-None of the above
Correct Answer:- Option-A
Question28:-Which type of assessment is provided under section 17(3) of the KGST Act 1963?
A:-Protective assessment
B:-Best judgment assessment
C:-Assessment of price variation
D:-Assessment of legal heirs
Correct Answer:- Option-B
Question29:-The form prescribed under the CST rules to prove movement of goods from one business place of the dealer to his another branch
located outside the state?
A:-C Form
B:-E1 Form
C:-F Form
D:-H Form
Correct Answer:- Option-C
Question30:-A dealer in which of the following commodity shall take registration as per KGST Act 1963 irrespective of turnover?
A:-Hill produce
B:-Iron and steel
C:-Medicine
D:-Gold
Correct Answer:- Option-D
Question31:-An 'exempt supply' includes
A:-Supply of goods or services or both which attracts Nil rate of tax
B:-Non-taxable supply
C:-Supply of goods or services or both which are wholly exempt from tax
D:-All of the above
Correct Answer:- Option-D
Question32:-A person who occasionally undertakes transactions involving supply of goods or services but has no fixed place of business or residence
in India is :
A:-Casual taxable person
B:-Composition dealer
C:-Registered person
D:-Non-resident taxable person
Correct Answer:- Option-D
Question33:-The term 'agriculturist' under the Kerala Goods and Services Tax Act 2017 includes the following persons who undertake cultivation of
land:
A:-An individual
B:-Partnership firm
C:-A co-operative society
D:-All of the above
Correct Answer:- Option-A
Question34:-To consider as 'Capital goods' under the GST Act,-
A:-Such goods shall be part of the plant and machinery
B:-The value of such goods shall be capitalized in the books of accounts
C:-The value of such goods shall be below Rs.5 lakh
D:-None of the above
Correct Answer:- Option-B
Question35:-What would be the tax rate applicable in case of composite supply?
A:-Tax rate as applicable on principal supply
B:-Tax rate as applicable on ancillary supply
C:-Tax rate as applicable on respective supply
D:-None of the above
Correct Answer:- Option-A
Question36:-What are the taxes levied on an intra-State supply?
A:-CGST
B:-SGST
C:-CGST and SGST
D:-IGST
Correct Answer:- Option-C
Question37:-Who will notify the rate of tax to be levied under Kerala Goods and Services Tax Act?
A:-Central Government suo moto
B:-State Government suo moto
C:-GST Council suo moto
D:-State Government as per the recommendations of the GST Council
Correct Answer:- Option-D
Question38:-In the case of Sponsorship services provided by Mr. X to M/s ABC Ltd., liability to pay GST is on:
A:-Mr. X
B:-M/s ABC Ltd.
C:-Both
D:-None of the above
Correct Answer:- Option-B
Question39:-GST on supply of services by an Insurance agent to the Insurance company is payable by
A:-Insurance Agent
B:-Insurance Company
C:-Both
D:-None of the above
Correct Answer:- Option-B
Question40:-What is the SGST rate applicable to a registered trader opting to pay taxes under composition scheme?
A:-0.5%
B:-1%
C:-1.5%
D:-5%
Correct Answer:- Option-A
Question41:-Transportation of goods becomes taxable under GST if it is
A:-by a goods transport agency/courier agency
B:-by inland waterways
C:-by an aircraft from a place outside India upto the customs station of clearance in India
D:-by all the above mentioned
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Correct Answer:- Option-A
Question42:-GST is exempted _______
A:-For letting out any immovable property
B:-For letting out any residential dwelling for use as residence
C:-For letting out any residential property irrespective of its use
D:-For none of the above
Correct Answer:- Option-B
Question43:-The date of receipt of payment under the GST Act indicates ______
A:-Date on which the payment is entered in the books of account
B:-Date on which the receipt of payment is created in the bank account
C:-Earlier of (1) and (2)
D:-None of the above
Correct Answer:- Option-C
Question44:-When the invoice for supply of service is issued within 30 days from the date of provision of service, the time of supply will be?
A:-Date of issue of invoice
B:-Date on which the supplier receives payment
C:-Date of provision of service
D:-Earlier of (1) and (2)
Correct Answer:- Option-D
Question45:-'Transaction value' can be rejected in a situation;
A:-Where the goods are sold at very low margins
B:-Where the buyer and seller are related or price is not the sole consideration
C:-It can never be rejected
D:-When the supply is composite in nature
Correct Answer:- Option-B
Question46:-On the basis of which of the following document Input tax Credit can be claimed under the GST law?
A:-Bill of Entry
B:-Payment Voucher
C:-Tax Invoice
D:-All of the above
Correct Answer:- Option-C
Question47:-Where the goods against an invoice are received in installments, the related input tax credit can be claimed on _____
A:-receipt of tax invoice
B:-receipt of the first instalment of goods
C:-receipt of last instalment of goods
D:-proportionate basis of instalments received in a tax period
Correct Answer:- Option-C
Question48:-As per GST law, banking company or financial institution have an option of claiming :
A:-Only 50% credit
B:-Eligible input credit or 50% credit
C:-Only eligible credit
D:-Eligible input credit and 50% credit
Correct Answer:- Option-B
Question49:-At which rate the input tax availed under GST to be reversed in case of disposal of capital goods?
A:-fully
B:-to the extent of tax on transaction value of such goods
C:-to the extent of credit taken as reduced by prescribed percentage or tax on transaction value, whichever is higher
D:-to the extent of tax on book value of transaction value of such goods whichever is higher
Correct Answer:- Option-C
Question50:-Principal is entitled for input tax credit on inputs sent for job work ;
A:-If goods sent are returned within one year
B:-If goods sent are returned within three years
C:-If goods sent are returned within six months
D:-If goods sent are returned within nine months
Correct Answer:- Option-A
Question51:-A dealer can utilise the provisional input tax credit under GST against
A:-any tax liability
B:-self-assessed output tax liability
C:-interest and penalty
D:-fine
Correct Answer:- Option-B
Question52:-A taxpayer can take input tax credit inrespect of goods received by _____
A:-his agent on his direction
B:-the job worker on his instruction
C:-any other person on his direction
D:-any of above
Correct Answer:- Option-D
Question53:-A person opted under composition scheme under GST can avail Input tax credit on
A:-Supply of taxable goods/services
B:-Receipt of goods/services on specified time period
C:-Payment to suppliers
D:-No input tax credit can be availed
Correct Answer:- Option-D
Question54:-What is the validity of the GST registration certificate?
A:-One year
B:-Two years
C:-Valid till it is cancelled
D:-Five years
Correct Answer:- Option-C
Question55:-Tax invoice under GST law must be issued by ______
A:-Every supplier
B:-Every taxable person
C:-Registered persons of taxable supply other than those paying tax under composition scheme
D:-All the above
Correct Answer:- Option-C
Question56:-The time limit for issue of tax invoice in case of continuous supply of goods is;
A:-At the time of issue of statement of account where successive accounts are involved
B:-At the time of receipt of payment, if payments are received prior to issue of accounts
C:-On a monthly basis
D:-As and when demanded by the recipient
Correct Answer:- Option-A
Question57:-The Name of the State of recipient along with State code is required when supplies are made to unregistered persons where the value
of supply is:
A:-Rs. 10000 or more
B:-Rs. 25000 or more
C:-Rs. 50000 or more
D:-Rs. 250000 or more
Correct Answer:- Option-C
Question58:-If turnover during a financial year exceeds the prescribed limit, then accounts shall be got audited by
A:-Chartered Accountant
B:-Cost Accountant
C:-Either (1) or (2)
D:-Both (1) and (2)
Correct Answer:- Option-C
Question59:-The First return shall be filed by every registered taxable person for the period from
A:-The date on which he became liable for registration till the date of grant of registration
B:-The date of registration to the last day of that month
C:-The date on which he became liable for registration till the last day of that month
D:-All of the above
Correct Answer:- Option-A
Question60:-The annual return shall be filed by the registered taxable person other than dealers paying tax under section 10 in form:
A:-GSTR 7
B:-GSTR 9
C:-GSTR 9A
D:-GSTR 10
Correct Answer:- Option-B
Question61:-Payment made through challan will be credited to which registers/ledgers?
A:-Electronic Tax liability register
B:-Electronic Credit ledger
C:-Electronic Cash ledger
D:-All of them
Correct Answer:- Option-C
Question62:-What is the due date for payment of TDS?
A:-Last day of the month to which payment relates
B:-Within 10 days of the subsequent month
C:-Within 20 days of the subsequent month
D:-Within 15 days of the subsequent month
Correct Answer:- Option-B
Question63:-Refunds will not be allowed in cases of:
A:-Inverted duty structures where tax on inputs are higher than tax on outputs
B:-Exports made without payment of tax
C:-Exports made on which export duty is levied
D:-None of the above
Correct Answer:- Option-C
Question64:-Refunds would be allowed on a provisional basis inrespect of zero rated supplies at _____ Percentage of claim:
A:-70%
B:-65%
C:-80%
D:-90%
Correct Answer:- Option-D
Question65:-What is the time period within which the final assessment order should be passed, unless an extension ordered?
A:-Six months from the date of the provisional assessment
B:-Nine months from the date of the provisional assessment
C:-Three months from the date of the provisional assessment
D:-One month from the date of the provisional assessment
Correct Answer:- Option-A
Question66:-What is the time limit for issuing order under section 62?
A:-9 months from the end of financial year
B:-3 years for cases covered U/s 73 or 5 years for cases covered under 74
C:-5 years for cases covered U/s 73 or 3 years for cases covered under 74
D:-5 years from the due date of filing annual return
Correct Answer:- Option-D
Question67:-Audit under GST laws can be undertaken inrespect of:
A:-Any person
B:-Unregistered Person
C:-Registered Person
D:-All of above
Correct Answer:- Option-C
Question68:-Maximum number of monthly installments permissible under Kerala Goods and Services Tax Act for payment of demands is:
A:-Thirty Six
B:-Twelve
C:-Forty eight
D:-Twenty four
Correct Answer:- Option-D
Question69:-The expenses of audit u/s 66 is determined and paid by:
A:-The commissioner
B:-The deputy/ Assistant Commissioner with prior approval of the commissioner
C:-the registered person
D:-Any of the above
Correct Answer:- Option-A
Question70:-What is the time limit for issue of order under GST Act in case of other than fraud, misstatement or suppression?
A:-30 months
B:-18 months
C:-5 years
D:-3 years
Correct Answer:- Option-D
Question71:-The definition of 'goods' under the GST Act does not include
A:-Grass
B:-Money and Securities
C:-Actionable claims
D:-Growing crops
Correct Answer:- Option-B
Question72:-Officers of the following department shall assist the proper officer in the implementation of GST Act
A:-Railways
B:-Health
C:-Motor vehicles
D:-State Excise
Correct Answer:- Option-A
Question73:-Deemed Export provisions under GST is applicable
A:-Only to goods
B:-Only to services
C:-to both goods and services
D:-Only for supplies to SEZ units/developers
Correct Answer:- Option-A
Question74:-Any amount of tax collected shall be deposited to the credit of the Central or State Government
A:-Only when the supplies are taxable
B:-Regardless of whether the related supplies are taxable or not
C:-When supplies are not zero rated
D:-None of the above
Correct Answer:- Option-B
Question75:-Within how many years should the proper officer issue an order from the date of issue of notice?
A:-4 years
B:-3 years
C:-2 years
D:-1 year
Correct Answer:- Option-D
Question76:-Taxable person has to maintain his records under GST for a period of ___________ from the due date of filing annual return for the year:
A:-72 months
B:-Three years
C:-24 months
D:-Five years
Correct Answer:- Option-A
Question77:-Recovery of amount payable by a defaulter can be made from:
A:-Customer
B:-Bank
C:-Post Office
D:-All of the above
Correct Answer:- Option-D
Question78:-The following amounts due cannot be paid through installments
A:-Self-assessed tax shown in return
B:-Short paid tax for which notice has been issued
C:-Arrears of tax
D:-Concealed tax
Correct Answer:- Option-A
Question79:-When two or more companies are amalgamated, the liability to pay GST on supplies between the effective date of amalgamation order
and date of amalgamation order would be on
A:-Transferee
B:-Respective companies
C:-Any one of the companies
D:-None of the above
Correct Answer:- Option-B
Question80:-The advance Ruling Authority under the Kerala Goods and Services Tax Act consist of members from
A:-amongst the officers of state tax
B:-amongst the officers of Central tax
C:-one member each from amongst the officers of both central and state taxes
D:-judicial service and amongst the officers of state tax
Correct Answer:- Option-C
Question81:-Appeal before Appellate Authority for Advance Ruling under GST shall be filed within _____ of communication of impugned order.
A:-30 days
B:-60 days
C:-90 days
D:-120 days
Correct Answer:- Option-A
Question82:-The Advance Ruling pronounced under GST laws shall be binding on
A:-The applicant who sought the advance ruling
B:-The jurisdictional officer in respect of the applicant
C:-All taxable person in the respective state
D:-(1) and (2) above
Correct Answer:- Option-D
Question83:-A principal can supply inputs and/or capital goods from the job-worker's premises if
A:-when the job-worker is registered
B:-the job-worker's premises is declared as his additional place of business
C:-the principal is engaged in the supply of goods which are notified by the commissioner on this behalf
D:-all of the above
Correct Answer:- Option-D
Question84:-Which of the following taxes will be levied on imports?
A:-IGST
B:-CGST
C:-SGST
D:-CGST and SGST
Correct Answer:- Option-A
Question85:-The value of supply does not include,
A:-Discounts recorded in the invoice
B:-Packing Charges shown in the invoice
C:-Non-governmental subsidies linked to price
D:-Freight charges incurred by the supplier for CIF terms of supply
Correct Answer:- Option-A
Question86:-Place of supply under GST, in the case of installation of elevator is
A:-Where the movement of elevator commences from the supplier's place
B:-Where the delivery of elevator is taken
C:-Where the installation of elevator is made
D:-Where address of the recipient is mentioned in the invoice
Correct Answer:- Option-C
Question87:-The supply of goods to SEZ unit is treated as ;
A:-Exempt supply liable for reversal of credit
B:-Deemed taxable supply
C:-Export of supplies
D:-Zero rated supply
Correct Answer:- Option-D
Question88:-Supply of goods in the course of import into the territory of India is
A:-Intrastate supply
B:-Inter-State supply
C:-Export
D:-Neither export nor import
Correct Answer:- Option-B
Question89:-One of the following taxes is not subsumed under GST ;
A:-Luxury tax
B:-Tax on Alcoholic liquor for human consumption
C:-Entry tax by State Governments
D:-Tax on lottery by State Governments
Correct Answer:- Option-B
Question90:-Under which schedule of the GST Act, declared certain activities or transactions as neither supply of goods nor of services
A:-Schedule I
B:-Schedule II
C:-Schedule III
D:-Schedule IV
Correct Answer:- Option-C
Question91:-The credit of CGST can be utilized for the payment of
A:-SGST
B:-IGST
C:-UTGST
D:-Late fee
Correct Answer:- Option-B
Question92:-Which of the following activity deemed as Supply even if made without consideration?
A:-Sale of business assets on which ITC has been availed
B:-Temporary transfer of intellectual property right
C:-Services by an employee to the employer
D:-All of the above
Correct Answer:- Option-A
Question93:-Goods and services tax is levied on
A:-Transaction value
B:-MRP
C:-Manufacturing cost plus profit
D:-Notional value
Correct Answer:- Option-A
Question94:-A registered person opted to pay tax under section 10 of the Kerala goods and services Tax Act shall furnish return in ;
A:-GSTR 3
B:-GSTR 4
C:-GSTR 5
D:-GSTR 6
Correct Answer:- Option-B
Question95:-As per GST laws, Debit Note is a document issued by ________:
A:-Supplier, for reducing the tax/taxable value
B:-Recipient, for reducing the tax/taxable value
C:-Recipient for increasing the tax/taxable value
D:-Supplier for increasing the tax/taxable value
Correct Answer:- Option-D
Question96:-The certificate of registration under GST laws issued to a casual taxable person, unless extended is valid for a maximum period of
_______
A:-30 days
B:-60 days
C:-90 days
D:-120 days
Correct Answer:- Option-C
Question97:-The GST Council is constituted as per Article ______ of the amended constitution.
A:-269A
B:-246A
C:-279A
D:-276A
Correct Answer:- Option-C
Question98:-In GST Council, the vote of the Central Government shall have a weightage of ;
A:-1/2 of the total votes cast
B:-2/3 of the total votes cast
C:-1/4 of the total votes cast
D:-1/3 of the total votes cast
Correct Answer:- Option-D
Question99:-Every registered person required to deduct tax at source under section 51 of the GST Act shall furnish return in ;
A:-Form GSTR-5
B:-Form GSTR-6
C:-Form GSTR-7
D:-Form GSTR-8
Correct Answer:- Option-C
Question100:-When does the validity of E-Way bill under GST start?
A:-At the time of generation of Part-A slip
B:-When first entry is made in Part-B
C:-At the time of entry of Transporter ID in Eway bill portal
D:-At the time of movement of conveyance
Correct Answer:- Option-B