Start learning →

CA Inter Goods and Services Tax (India) — practice questions — page 2

Explore 38 free Goods and Services Tax (India) questions in CA Inter Taxation. Open each question or exercise to read its content, reference answers and available explanation.

Practise Goods and Services Tax (India) with Quill →

Goods and Services Tax (India) questions and exercises with answers

Showing questions 31–38 of 38.

Which Schedule of the Constitution lists subjects for Article 246 powers?Read the answer and worked solution →About how many items were classified into slabs on 1 July 2017?Read the answer and worked solution →What was the initial GST rate on gold at launch?Read the answer and worked solution →What special rate applied to rough precious and semi-precious stones?Read the answer and worked solution →By what percent did the road ministry say inter-state travel time fell?Read the answer and worked solution →Before GST, the statutory tax rate on most goods was about what?Read the answer and worked solution →For how long were states assured GST revenue compensation?Read the answer and worked solution →Who prepared the 2008 design and road map for GST?Read the answer and worked solution →

Worked practice questions

Which Schedule of the Constitution lists subjects for Article 246 powers?

  1. Eighth Schedule
  2. Seventh Schedule
  3. Sixth Schedule
  4. Tenth Schedule
Show answer and solution

Correct answer: B. Seventh Schedule

The Seventh Schedule has the Union, State and Concurrent Lists dividing legislative powers.

Open this question →

About how many items were classified into slabs on 1 July 2017?

  1. About 1,211
  2. About 2,500
  3. About 5,000
  4. About 500
Show answer and solution

Correct answer: A. About 1,211

The Council placed about 1,211 items into the first set of rate slabs.

Open this question →

What was the initial GST rate on gold at launch?

  1. 3%
  2. 0.25%
  3. 1.5%
  4. 5%
Show answer and solution

Correct answer: A. 3%

Gold was taxed at the special low rate of 3 percent.

Open this question →

How to practise

  1. Choose a Goods and Services Tax (India) question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

More Taxation topics

GST Time, Value, Place of Supply and Input Tax CreditAggregation of Income, Set Off of Losses and DeductionsAdvance Tax, TDS and TCSProfits and Gains of Business or ProfessionIncome-tax Basic ConceptsSalariesResidence and Scope of Total IncomeIncome from House Property