Multiple-choice questions<\/span><\/p>\n1. GST applicable to all goods and services except alcohol and specified petroleum products. GST Act has proposed tax rates.
\n(a) two
\n(b) three
\n(c) four
\n(d) five
\nAnswer:
\n(c) four<\/p>\n
2. GST is of ……… kinds
\n(a) three
\n(b) four
\n(c) one
\n(d) five
\nAnswer:
\n(a) three<\/p>\n
3. CGST Act on:
\n(a) 2017
\n(b) 2016
\n(c) 2008
\n(d) 2002
\nAnswer:
\n(a) 2017<\/p>\n
<\/p>\n
4. The chairman of the council is the union ………. minister.
\n(a) educational
\n(b) agricultural
\n(c) finance
\n(d) textiles
\nAnswer:
\n(c) finance<\/p>\n
5. CGST collection of tax:
\n(a) state government
\n(b) central government
\n(c) direct tax
\n(d) indirect tax
\nAnswer:
\n(a) state government<\/p>\n
6. Input tax credit allowed will lower the prices to the:
\n(a) banker
\n(b) consumers
\n(c) debtors
\n(d) creditors
\nAnswer:
\n(b) consumers<\/p>\n
7. Several …………. says that GST in India would impact negatively on the real estate market.
\n(a) economics
\n(b) commerce
\n(c) mathematics
\n(d) statistics
\nAnswer:
\n(a) economics<\/p>\n
<\/p>\n
8. A number of retail products currently have only:
\n(a) 2%
\n(b) 3%
\n(c) 4%
\n(d) 5%
\nAnswer:
\n(c) 4%<\/p>\n
9. The aviation industry would be affected service taxes on airfares currently range from:
\n(a) 6% to 9%
\n(b) 5% to 8%
\n(c) 4% to 6%
\n(d) 4% to 8%
\nAnswer:
\n(a) 6% to 9%<\/p>\n
10. GST this rate will surpass fifteen percent and effectively ……… the tax rate.
\n(a) double rate
\n(b) Single rate
\n(c) triple rate
\n(d) Others rate
\nAnswer:
\n(a) double rate<\/p>\n","protected":false},"excerpt":{"rendered":"
Students get through the TN Board 11th Commerce Important Questions Chapter 33 Indirect Taxation which is useful for their exam preparation. TN State Board 11th Commerce Important Questions Chapter 33 Indirect Taxation Very short answer questions 1. Mention the kinds of GST. Answer: CGST – Central Goods and Service Tax. SGST – State Goods and …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[14],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/tnboardsolutions.com\/wp-json\/wp\/v2\/posts\/41616"}],"collection":[{"href":"https:\/\/tnboardsolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tnboardsolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tnboardsolutions.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tnboardsolutions.com\/wp-json\/wp\/v2\/comments?post=41616"}],"version-history":[{"count":0,"href":"https:\/\/tnboardsolutions.com\/wp-json\/wp\/v2\/posts\/41616\/revisions"}],"wp:attachment":[{"href":"https:\/\/tnboardsolutions.com\/wp-json\/wp\/v2\/media?parent=41616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tnboardsolutions.com\/wp-json\/wp\/v2\/categories?post=41616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tnboardsolutions.com\/wp-json\/wp\/v2\/tags?post=41616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}