Goods and Services Tax (Multiple Choice Questions B.COM SEM 5)
Goods and Services Tax (Multiple Choice Questions B,COM SEM 5) UNIVERSITY OF LUCKNOW 1. GST was introduced in India with effect from a) 1.1.2017 b) 1.4.2017 c) 1.1.2018 d) 1.7.2017 2. GST was introduced in Jammu and Kashmir with effect from a) 1.8.2017 b) 1.7.2017 c) 1.1.2018 d) 8.7.2017 3. Constitution Amendment Act, 2016 for GST was a) 80 th b) 101 st c) 122 nd d) None of these 4. As a result of constitution amendment for GST a Separate List --- has been inserted in the constitution. a) Article 246A b) Article 146B c) Article 122 C d) Article 101B 5. The incidence of tax on tax is called a) Tax Cascading b) Tax Pyramidding c) Tax evasion d) Indiret tax 6. Under GST, ‘value addition’ refers to a) Expenses ‘plus’ profit b) Cost plus tax c) Cost plus tax plus ‘profit d) Tax plus pro