CMA FINAL IDT - MCQs 1.1
MCQ PRACTICE TEST PAPER - SET 1
(SERIES ‘A’)
(Source – ICMAI RTP JUNE 2018 – Updated as per present law)
CMA FINAL IDT - DEC 2021 EXAM Students
For Admission / Inquiry - Whatsapp at 8527230445 (11am to 6pm)
1. Which of the following central taxes has been subsumed in the ambit of GST?
(a) Central Excise duty;
(b) Service Tax;
(c) CVD on import;
(d) All of the above.
2. GST is payable on the services provided by the employee to the employer in the course of
employment on:
(a) Regular basis;
(b) Contract basis as employed by the company;
(c) Contract basis as employed by a contractor;
(d) None of the above.
3. If a person, opting for composition scheme is liable to be registered on 1st Oct. 2020 and he has
applied for registration on 17th Nov. 2020 and registration granted on 20th Nov. 2020, then the effective
date of registration will be:
(a) 20th Nov. 2020;
(b) 1st Oct. 2020;
(c) 17th Nov. 2020;
(d) 1st April, 2021.
4. In case of transport of goods by rail within India, which of the following item is an exempted supply?
(a) Transport of postal mails and postal bags;
(b) Transport of defence and military equipments;
(c) Transportation of household effects;
(d) Transport of alcoholic beverages.
5. Mr. C of Chennai supplied goods to M/s Smart Jet Airlines of Chennai flying between Delhi-Mumbai.
The goods are loaded in the aircraft in Delhi. The place of supply of goods will be:
(a) Chennai
(b) Delhi
(c) Mumbai
(d) None of the above.
6. Which of the following is/ are duty exemption scheme(s) under FTP?
(A) Advance Authorisation Scheme
(B) Duty Free Import Authorisation Scheme
(C) Merchandise Export from India Scheme
(D) Service Export from India Scheme
(a) Only (A)
(b) Both (A) & (B)
(c) Both (C) & (D)
(d) (d) All (A), (B), (C) & (D)
7. The place which is used for unloading of imported goods and loading of exported goods, is called:
(a) Inland Container Depot
(b) Land customs station
(c) Customs station
(d) Customs area
SURAJ AGRAWAL TAX CLASS | NEW DELHI | 8527230445
,CMA FINAL IDT - MCQs 1.2
8. The type of bill of entry which is used for ex-bond clearance for home consumption from the
warehousing, is
(a) Form I (white)
(b) Form II (yellow)
(c) Form III (green)
(d) None of the above.
9. Which of the following good/ goods is/ are covered under GST Compensation Cess?
(a) Pan Masala
(b) Tobacco and tobacco products
(c) Motor vehicles
(d) All of the above.
10. The due date to file GSTR-6 (Return for Input Service Distributor) is:
(a) 10th of the next month
(b) 13th of the next month
(c) 18th of the next month
(d) 20th of the next month.
Answer:
1. (d)
In the GST regime, all the above taxes, such as — Central Excise duty, Service Tax, CVD on import, Spl.
CVD on import, Central Cesses etc. have been subsumed in the ambit of GST.
2. (c)
Supply includes the services provided by the employee to the employer in the course of employment on
Contract basis as employed by a contractor. So, GST is payable.
3. (a)
If a person, opting for composition scheme is liable to be registered on 1st Oct. 2020 and he has applied
for registration on 17th Nov. 2020 (after 30 days) and registration granted on 20th Nov. 2020, then the
effective date of registration will be 20th Nov. 2020 (i.e. the date of grant of registration), provided no
discrepancies found.
4. (b)
In case of services by way of transportation of goods by rail or a vessel from one place in India to
another, the goods like defence or military equipments, agricultural produce, milk, salt and food grain
including flours, pulses and rice, organic manure etc. are exempted from GST.
5. (b)
Where the goods are supplied on board a conveyance including a vessel, an aircraft, a train or a motor
vehicle, place of supply of goods will be the location at which such goods are taken on board. So, the
place of supply will be Delhi.
6. (b)
Both Advance Authorisation Scheme and Duty Free Import Authorisation Scheme are duty exemption
schemes. The last two schemes are reward schemes under FTP.
7. (a)
After the imported goods are unloaded at the port, the containers are carried to Inland Container Depots
for storage purpose. From these depots goods can be cleared for Domestic Tariff Area or cleared for
export. Inland Container Depots are used for unloading of imported goods and loading of exported goods.
8. (c)
The bill of entry of Form III (green) is used for ex-bond clearance for home consumption from the
warehousing.
9. (d)
Pan masala, tobacco and tobacco products, cigarettes, aerated waters, motor vehicles etc. goods are
covered under GST Compensation Cess.
10. (b)
The GSTR-6 (Return for Input Service Distributor) is to be filed on a monthly basis and the due date is
13th of the next month.
SURAJ AGRAWAL TAX CLASS | NEW DELHI | 8527230445
,CMA FINAL IDT - MCQs 2.1
MCQ PRACTICE TEST PAPER - SET 2
(SERIES ‘A’)
(Source – ICMAI RTP DEC 2018 – Updated as per present law)
CMA FINAL IDT - DEC 2021 EXAM Students
For Admission / Inquiry - Whatsapp at 8527230445 (11am to 6pm)
Choose the correct answer with justification/ workings wherever applicable [2 marks each]
1. Goods under CGST Act excludes:
(a) Securities
(b) Unsecured debts
(c) Right to participate in the draw to be held in a lottery
(d) Growing crops.
2. GST is payable on the services provided by the employee to the employer in the course of
employment on: (Repeated)
(a) Regular basis;
(b) Contract basis as employed by the company;
(c) Contract basis as employed by a contractor;
(d) None of the above.
3. In computation of aggregate turnover for composition levy, which of the following item should be
excluded from the aggregate turnover?
(a) The value of exported goods/services
(b) Inter-state supplies between distinct persons having same PAN
(c) Compensation Cess
(d) Supply on own account and on behalf of principal.
4. If a person is liable to be registered on 11th Oct 2020 and he has applied for registration on 17th Oct
2020, the effective date of registration for composition levy will be:
(a) 17th Oct 2020
(b) 11th Oct 2020
(c) 11th Nov 2020
(d) 17th Nov 2020
5. The due date to file GSTR-6 (Return for Input Service Distributor) is:
(a) 10th of the next month
(b) 13th of the next month
(c) 18th of the next month
(d) 20th of the next month.
6. In cases of change in rate of tax and amount is credited to the bank account after 4 working days from
the date of change in rate of tax, the date of receipt of payment will be:
(a) Date of book entry or date of bank entry, whichever is earlier
(b) Date of bank entry
(c) Date of book entry
(d) Date of book entry or date of bank entry, whichever is later.
7. ABC Ltd. has income from renting of vacant land to a stud firm of ` 1,00,000 and leasing of vacant
land to a cattle firm of ` 50,000. The value of taxable supply will be:
(a) ` 1,00,000
(b) ` 50,000
(c) ` 1,50,000
(d) Nil.
SURAJ AGRAWAL TAX CLASS | NEW DELHI | 8527230445
, CMA FINAL IDT - MCQs 2.2
8. In case of supply of services, the tax invoice (not e-invoice) shall be prepared in the manner of:
(a) Only original
(b) Two copies
(c) Three copies
(d) Four copies.
9. The form of application for registration, used by a non-resident taxable person is: (NEW)
(a) GST REG-01
(b) GST REG-02
(c) GST REG-05
(d) GST REG-09.
10. If a case involves a substantial question of law and doesn’t not involve any issue relating to place of
supply, an appeal against orders passed by the State Bench or Area Bench of the Appellate Tribunal
shall lie to:
(a) Supreme Court
(b) High Court
(c) Appellate Authority
(d) None of the above.
ANSWER
1. (a): Goods means every kind of movable property other than money and securities but includes
actionable claim, growing crops, grass and things attached to or forming part of the land which are
agreed to be served before supply or under a contract of supply. The second & third options are
examples of actionable claim.
2. (c): Supply includes the services provided by the employee to the employer in the course of employment
on Contract basis as employed by a contractor. So, GST is payable.
3. (c): In computation of aggregate turnover for composition levy, the items like Inward supplies on which
the recipient is required to pay tax under Reverse Charge Mechanism (RCM), CGST, SGST,
UTGST, IGST and Compensation Cess.
4. (b): Rule 10(2) provides that if person has applied for registration within 30 days from the date when he is
liable to obtain registration, the effective date is when he is liable to be registered.
5. (b): The GSTR-6 (Return for Input Service Distributor) is to be filed on a monthly basis and the due date
is 13th of the next month.
6. (b): in cases of change in rate of tax, the date of receipt of payment is the date of credit in the bank
account if such credit is after four working days from the date of change in rate of tax.
7. (a): renting of vacant land to a stud firm will be liable for GST as rearing of horses has been excluded
from exemption but leasing of vacant land to a cattle firm is exempted supply.
8. (b): In case of supply of services, the tax invoice shall be prepared in the manner of two copies — the
original copy being marked as original for recipient and the duplicate copy being marked as duplicate
for supplier.
9. (d): The form of application for registration, used by a non-resident taxable person is GST REG-09.
10. (b): If a case involves a substantial question of law and doesn‘t not involve any issue relating to place of
supply, an appeal against orders passed by the State Bench or Area Bench of the Appellate Tribunal
shall lie to High Court and it may admit such appeal.
SURAJ AGRAWAL TAX CLASS | NEW DELHI | 8527230445
MCQ PRACTICE TEST PAPER - SET 1
(SERIES ‘A’)
(Source – ICMAI RTP JUNE 2018 – Updated as per present law)
CMA FINAL IDT - DEC 2021 EXAM Students
For Admission / Inquiry - Whatsapp at 8527230445 (11am to 6pm)
1. Which of the following central taxes has been subsumed in the ambit of GST?
(a) Central Excise duty;
(b) Service Tax;
(c) CVD on import;
(d) All of the above.
2. GST is payable on the services provided by the employee to the employer in the course of
employment on:
(a) Regular basis;
(b) Contract basis as employed by the company;
(c) Contract basis as employed by a contractor;
(d) None of the above.
3. If a person, opting for composition scheme is liable to be registered on 1st Oct. 2020 and he has
applied for registration on 17th Nov. 2020 and registration granted on 20th Nov. 2020, then the effective
date of registration will be:
(a) 20th Nov. 2020;
(b) 1st Oct. 2020;
(c) 17th Nov. 2020;
(d) 1st April, 2021.
4. In case of transport of goods by rail within India, which of the following item is an exempted supply?
(a) Transport of postal mails and postal bags;
(b) Transport of defence and military equipments;
(c) Transportation of household effects;
(d) Transport of alcoholic beverages.
5. Mr. C of Chennai supplied goods to M/s Smart Jet Airlines of Chennai flying between Delhi-Mumbai.
The goods are loaded in the aircraft in Delhi. The place of supply of goods will be:
(a) Chennai
(b) Delhi
(c) Mumbai
(d) None of the above.
6. Which of the following is/ are duty exemption scheme(s) under FTP?
(A) Advance Authorisation Scheme
(B) Duty Free Import Authorisation Scheme
(C) Merchandise Export from India Scheme
(D) Service Export from India Scheme
(a) Only (A)
(b) Both (A) & (B)
(c) Both (C) & (D)
(d) (d) All (A), (B), (C) & (D)
7. The place which is used for unloading of imported goods and loading of exported goods, is called:
(a) Inland Container Depot
(b) Land customs station
(c) Customs station
(d) Customs area
SURAJ AGRAWAL TAX CLASS | NEW DELHI | 8527230445
,CMA FINAL IDT - MCQs 1.2
8. The type of bill of entry which is used for ex-bond clearance for home consumption from the
warehousing, is
(a) Form I (white)
(b) Form II (yellow)
(c) Form III (green)
(d) None of the above.
9. Which of the following good/ goods is/ are covered under GST Compensation Cess?
(a) Pan Masala
(b) Tobacco and tobacco products
(c) Motor vehicles
(d) All of the above.
10. The due date to file GSTR-6 (Return for Input Service Distributor) is:
(a) 10th of the next month
(b) 13th of the next month
(c) 18th of the next month
(d) 20th of the next month.
Answer:
1. (d)
In the GST regime, all the above taxes, such as — Central Excise duty, Service Tax, CVD on import, Spl.
CVD on import, Central Cesses etc. have been subsumed in the ambit of GST.
2. (c)
Supply includes the services provided by the employee to the employer in the course of employment on
Contract basis as employed by a contractor. So, GST is payable.
3. (a)
If a person, opting for composition scheme is liable to be registered on 1st Oct. 2020 and he has applied
for registration on 17th Nov. 2020 (after 30 days) and registration granted on 20th Nov. 2020, then the
effective date of registration will be 20th Nov. 2020 (i.e. the date of grant of registration), provided no
discrepancies found.
4. (b)
In case of services by way of transportation of goods by rail or a vessel from one place in India to
another, the goods like defence or military equipments, agricultural produce, milk, salt and food grain
including flours, pulses and rice, organic manure etc. are exempted from GST.
5. (b)
Where the goods are supplied on board a conveyance including a vessel, an aircraft, a train or a motor
vehicle, place of supply of goods will be the location at which such goods are taken on board. So, the
place of supply will be Delhi.
6. (b)
Both Advance Authorisation Scheme and Duty Free Import Authorisation Scheme are duty exemption
schemes. The last two schemes are reward schemes under FTP.
7. (a)
After the imported goods are unloaded at the port, the containers are carried to Inland Container Depots
for storage purpose. From these depots goods can be cleared for Domestic Tariff Area or cleared for
export. Inland Container Depots are used for unloading of imported goods and loading of exported goods.
8. (c)
The bill of entry of Form III (green) is used for ex-bond clearance for home consumption from the
warehousing.
9. (d)
Pan masala, tobacco and tobacco products, cigarettes, aerated waters, motor vehicles etc. goods are
covered under GST Compensation Cess.
10. (b)
The GSTR-6 (Return for Input Service Distributor) is to be filed on a monthly basis and the due date is
13th of the next month.
SURAJ AGRAWAL TAX CLASS | NEW DELHI | 8527230445
,CMA FINAL IDT - MCQs 2.1
MCQ PRACTICE TEST PAPER - SET 2
(SERIES ‘A’)
(Source – ICMAI RTP DEC 2018 – Updated as per present law)
CMA FINAL IDT - DEC 2021 EXAM Students
For Admission / Inquiry - Whatsapp at 8527230445 (11am to 6pm)
Choose the correct answer with justification/ workings wherever applicable [2 marks each]
1. Goods under CGST Act excludes:
(a) Securities
(b) Unsecured debts
(c) Right to participate in the draw to be held in a lottery
(d) Growing crops.
2. GST is payable on the services provided by the employee to the employer in the course of
employment on: (Repeated)
(a) Regular basis;
(b) Contract basis as employed by the company;
(c) Contract basis as employed by a contractor;
(d) None of the above.
3. In computation of aggregate turnover for composition levy, which of the following item should be
excluded from the aggregate turnover?
(a) The value of exported goods/services
(b) Inter-state supplies between distinct persons having same PAN
(c) Compensation Cess
(d) Supply on own account and on behalf of principal.
4. If a person is liable to be registered on 11th Oct 2020 and he has applied for registration on 17th Oct
2020, the effective date of registration for composition levy will be:
(a) 17th Oct 2020
(b) 11th Oct 2020
(c) 11th Nov 2020
(d) 17th Nov 2020
5. The due date to file GSTR-6 (Return for Input Service Distributor) is:
(a) 10th of the next month
(b) 13th of the next month
(c) 18th of the next month
(d) 20th of the next month.
6. In cases of change in rate of tax and amount is credited to the bank account after 4 working days from
the date of change in rate of tax, the date of receipt of payment will be:
(a) Date of book entry or date of bank entry, whichever is earlier
(b) Date of bank entry
(c) Date of book entry
(d) Date of book entry or date of bank entry, whichever is later.
7. ABC Ltd. has income from renting of vacant land to a stud firm of ` 1,00,000 and leasing of vacant
land to a cattle firm of ` 50,000. The value of taxable supply will be:
(a) ` 1,00,000
(b) ` 50,000
(c) ` 1,50,000
(d) Nil.
SURAJ AGRAWAL TAX CLASS | NEW DELHI | 8527230445
, CMA FINAL IDT - MCQs 2.2
8. In case of supply of services, the tax invoice (not e-invoice) shall be prepared in the manner of:
(a) Only original
(b) Two copies
(c) Three copies
(d) Four copies.
9. The form of application for registration, used by a non-resident taxable person is: (NEW)
(a) GST REG-01
(b) GST REG-02
(c) GST REG-05
(d) GST REG-09.
10. If a case involves a substantial question of law and doesn’t not involve any issue relating to place of
supply, an appeal against orders passed by the State Bench or Area Bench of the Appellate Tribunal
shall lie to:
(a) Supreme Court
(b) High Court
(c) Appellate Authority
(d) None of the above.
ANSWER
1. (a): Goods means every kind of movable property other than money and securities but includes
actionable claim, growing crops, grass and things attached to or forming part of the land which are
agreed to be served before supply or under a contract of supply. The second & third options are
examples of actionable claim.
2. (c): Supply includes the services provided by the employee to the employer in the course of employment
on Contract basis as employed by a contractor. So, GST is payable.
3. (c): In computation of aggregate turnover for composition levy, the items like Inward supplies on which
the recipient is required to pay tax under Reverse Charge Mechanism (RCM), CGST, SGST,
UTGST, IGST and Compensation Cess.
4. (b): Rule 10(2) provides that if person has applied for registration within 30 days from the date when he is
liable to obtain registration, the effective date is when he is liable to be registered.
5. (b): The GSTR-6 (Return for Input Service Distributor) is to be filed on a monthly basis and the due date
is 13th of the next month.
6. (b): in cases of change in rate of tax, the date of receipt of payment is the date of credit in the bank
account if such credit is after four working days from the date of change in rate of tax.
7. (a): renting of vacant land to a stud firm will be liable for GST as rearing of horses has been excluded
from exemption but leasing of vacant land to a cattle firm is exempted supply.
8. (b): In case of supply of services, the tax invoice shall be prepared in the manner of two copies — the
original copy being marked as original for recipient and the duplicate copy being marked as duplicate
for supplier.
9. (d): The form of application for registration, used by a non-resident taxable person is GST REG-09.
10. (b): If a case involves a substantial question of law and doesn‘t not involve any issue relating to place of
supply, an appeal against orders passed by the State Bench or Area Bench of the Appellate Tribunal
shall lie to High Court and it may admit such appeal.
SURAJ AGRAWAL TAX CLASS | NEW DELHI | 8527230445
