GST and Financial Accounting Questions

GST and Financial Accounting Questions

12th Grade

61 Qs

quiz-placeholder

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GST and Financial Accounting Questions

GST and Financial Accounting Questions

Assessment

Quiz

Other

12th Grade

Hard

Created by

Sushma Sreedaran

FREE Resource

61 questions

Show all answers

1.

OPEN ENDED QUESTION

10 sec • 1 pt

What Taxes Were in Place Before the GST, and Why?

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OFF

2.

OPEN ENDED QUESTION

10 sec • 1 pt

What does "remission of tax/duty" mean to you?

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OFF

3.

OPEN ENDED QUESTION

10 sec • 1 pt

How do reverse charge mechanisms (RCMs) work? Is it only applicable to services?

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OFF

4.

OPEN ENDED QUESTION

10 sec • 1 pt

Under the Model GST Law, may the Working Government exempt supplies from GST collection?

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OFF

5.

OPEN ENDED QUESTION

10 sec • 1 pt

What Does a GST Taxable Event Mean?

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OFF

6.

OPEN ENDED QUESTION

10 sec • 1 pt

How Do You Define GST Credit?

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OFF

7.

OPEN ENDED QUESTION

10 sec • 1 pt

What are the differences between CGST, SGST, and IGST?

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OFF

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