Graded assessment Decoding the concept of supply - Part 3 Quiz Answers

Graded assessment: Decoding the concept of supply – Part 3 Quiz Answers

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Graded assessment: Decoding the concept of supply – Part 3 Quiz Answers

Question 1)
Kindly specify the nature of supply of goods where location of supplier and place of supply is in two different Union territories?

  • Intra-State supply
  • Inter-State supply

Question 2)
What will be the nature of supply of services imported into the territory of India?

  • Intra-State supply
  • Inter-State supply

Question 3)
What will be the nature of supply of goods where location of supplier and place of supply is in same states?

  • Intra-State supply
  • Inter-State supply

Question 4)
What is the nature of supply which attracts Nil rate?

  • Exempt supply
  • Taxable supply
  • Non-GST supply

Question 5)
Whether services provided by way of sponsorship to anybody corporate or partnership firm to anybody corporate be liable under reverse charge mechanism?

  • Yes
  • No

Question 6)
Which of the following service is liable to be paid under reverse charge mechanism?

  • Healthcare services
  • Sponsorship services
  • Restaurant services
  • All the above

Question 7)
What are the components included in aggregate turnover?

  • Taxable supplies
  • Exempt supplies
  • Export of goods
  • All the above

Question 8)
What is the limit for taking registration as Composition dealer primarily engaged in dealing Goods?

  • 50 lakhs
  • 40 lakhs
  • 20 lakhs
  • 150 lakhs

Question 9)
In case two or more supplies are not made for a single consideration, whether the same will fall under mixed supply?

  • Yes
  • No

Question 10)
On what basis tax is to be charged on the composite supply?

  • Highest rate of tax out of all supplies
  • Tax is to be charged on the basis of principal supply

Question 1)
Kindly provide the nature of supply of goods where location of supplier is in a state and place of supply is in another state?

  • Intra-State supply
  • Inter-State supply

Question 6)
Which of the following service is liable to be paid under reverse charge mechanism?

  • GTA services
  • Sponsorship services
  • Director services
  • All the above

Question 10)
Under which category supplies are to be classified in case design and drawings are supplied along with an equipment?

  • Composite supply
  • Mixed supply

Question 3)
What will be the nature of supply if goods are supplied by person located in SEZ unit?

  • Inter-State supply
  • Intra-State supply

Question 5)
What is the nature of supply which are not leviable to GST?

  • Non-taxable supply
  • Taxable supply
  • Non-GST supply

Question 6)
Whether services supplied by a director of a company or a body corporate to the said company or the body corporate be liable under reverse charge mechanism?

  • Yes
  • No

Question 7)
What is the threshold limit for taking the registration where the person is supplying the goods?

  • 50 lakhs
  • 40 lakhs
  • 20 lakhs
  • 100 lakhs

Question 8)
What is the threshold limit for filing the reconciliation statement in Form GSTR-9C?

  • 200 lakhs
  • 500 lakhs
  • 50 lakhs
  • 100 lakhs

Question 9)
Which of the following are the factors determining the supplies as naturally bundled?

  • Consumer perception
  • General practice
  • Elements are integral to each other
  • All the above

Question 10)
Where the Goods are packed and transported along with insurance, under which category supplies are classified?

  • Composite supply
  • Mixed supply

 

Question 2)
What will be the nature of supply of services where the supplier is located in India and the place of supply is outside India?

  • Intra-State supply
  • Inter-State supply

Question 4)
Whether exempt supplies include non-taxable supply?

  • Yes
  • No

Question 7)
Whether inter-State supplies of person having same PAN is to be included in the aggregate turnover?

  • Yes
  • No

Question 9)
On what basis composite supply is taxable under GST?

  • Based on the principal supply
  • Based on the ancillary supply

 

 

 

 

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