Question

Write the correct alternative for each of the following.
(1) Rate of GST on essential commodities is ...

(A) 5%

(B) 12%

(C) 0%

(D) 18%

(2) The tax levied by the central government for trading within state is ...

(A) IGST

(B) CGST

(C) SGST

(D) UTGST

(3) GST system was introduced in our country from ...

(A) 31st March 2017	(B) 1st April 2017
(C) 1st January 2017	(D) 1st July 2017

(4) The rate of GST on stainless steel utensils is 18%, then the rate of State GST is ...

(A) 18%

(B) 9%

(C) 36%

(D) 0.9%

(5) In the format of GSTIN there are ... alpha-numerals.

(A) 15

(B) 10

(C) 16

(D) 9

(6) When a registered dealer sells goods to another registered dealer under GST, then this trading is termed as ...

(A) BB

(B) B2B

(C) BC

(D) B2C

Answer 1

(1) Rate of GST on essential commodities is 0%.

Hence, the correct answer is option (C).

(2) The tax levied by the central government for trading within state is CGST.

Hence, the correct answer is option (B).

(3) GST system was introduced in our country from 1^st July 2017.

Hence, the correct answer is option (D).

(4) Rate of GST on stainless steel utensils = 18%

Rate of CGST on stainless steel utensils + Rate of SGST on stainless steel utensils = Rate of GST on stainless steel utensils

Also, Rate of CGST on stainless steel utensils = Rate of SGST on stainless steel utensils

∴ 2Rate of SGST on stainless steel utensils = 18%

⇒ Rate of SGST on stainless steel utensils = 9%

The rate of GST on stainless steel utensils is 18%, then the rate of State GST is 9%.

Hence, the correct answer is option (B).

(5) In the format of GSTIN there are 15 alpha-numerals.

Hence, the correct answer is option (A).

(6) When a registered dealer sells goods to another registered dealer under GST, then this trading is termed as B2B.

Hence, the correct answer is option (B).