GOODS AND SERVICES TAX Multiple Choice Questions 1) IGST is charged on: a) interstate transaction b) intrastate transaction c) both a, b d) none 2) GST payable is equals to a) ITC --output GST b) output GST + ITC c) output GST - ITC d) output GST 3) A dealer in Mumbai sold a washing machine to a consumer in Mumbai for Rs18000. If the rate of GST is 18% and GST, then SGST is: a) Rs1620 b) Rs3240 c) nil d) none 4) In a transaction from Delhi to Lucknow, MRP = Rs10000, discount= 10%, GST= 28%. Here IGST is: a) Rs2520 b) Rs5040 c) nil d) none 5) A refrigerator was sold for Rs15000 under intrastate transaction from station A to station B and the GST rate is 18%. CGST is: a) Rs1450 b) Rs 1350 c) Rs1300 d) Rs2700 6) A dealer purchased goods worth Rs 15000 and sold them for Rs21000 within the state. If the rate of GST is 12%, then the net SGST paid by the dealer is: a) Rs360 b) Rs720 c) Rs800 d) Rs850 7) A dealer in Delhi sold a water heater whose marked is Rs22000...
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