Understanding GST in M.Com Sem - IV

Understanding GST in M.Com Sem - IV

University

10 Qs

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Understanding GST in M.Com Sem - IV

Understanding GST in M.Com Sem - IV

Assessment

Quiz

Other

University

Hard

Created by

Jay Sathavara

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

GST નો અર્થ શું છે?

ગ્લોબલ સર્વિસ ટેક્સ

જનરલ સેલ્સ ટેક્સ

ગૂડ્સ ટેક્સ સિસ્ટમ

ગૂડ્સ અને સર્વિસિસ ટેક્સ

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

જીએસટીના મુખ્ય ઉદ્દેશો સમજાવો.

જીએસટીના મુખ્ય ઉદ્દેશો કરની રચનાને સરળ બનાવવું, સરહદી વેપારને સુગમ બનાવવું, પાલનને વધારવું અને સરકારના આવકને વધારવું છે.

કરના કેટલાંક ધોરણો વધારવા માટે

સરકારના આવકને ઘટાડવા માટે

બધા પ્રકારના કરને દૂર કરવા માટે

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

જીએસટીના વિવિધ પ્રકારો કયા છે?

આવક કર, મિલકત કર, મૂડી લાભ કર, સંપત્તિ કર

વેટ, પીએસટી, એચએસટી, આરએસટી

સીજીએસટી, એસજીએસટી, આઈજીએસટી, યુટિજીએસટી

વેચાણ કર, સેવા કર, એક્સાઇઝ કર, આયાત કર

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is GST calculated on goods and services?

GST is calculated by adding a flat fee to the product price.

GST is calculated as GST Amount = Total Sales x GST Rate.

GST is a fixed amount regardless of the taxable value.

GST is calculated as GST Amount = Taxable Value x GST Rate.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of the GST Council?

The GST Council sets the interest rates for loans in India.

The GST Council is responsible for collecting taxes in India.

The GST Council is significant for regulating and harmonizing the Goods and Services Tax in India.

The GST Council manages the stock market regulations in India.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Describe the process of GST registration.

Filing taxes online

Registering a trademark

Applying for a business loan

The process of GST registration involves determining eligibility, gathering documents, creating an account on the GST portal, filling out the application form, submitting it, receiving an ARN, and obtaining the GST registration certificate after verification.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the key features of the GST Act?

Multiple tax structures

Key features of the GST Act include a single tax structure, comprehensive coverage, seamless input tax credit, destination-based taxation, and unified tax rates.

Limited coverage

Tax credits only for exports

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