GST (Goods and Service Tax) - MCQ Questions and Solutions with Explanations

A. On raising of invoice

B. At the time of supply of goods

C. On receipt of payment

D. Earliest of any of above

A. Date of entry in the books

B. Date of payment credited into bank account

C. Earlier of (a) and (b)

D. Date of filing of return

A. Transaction value

B. MRP

C. Market Value

D. None of above

A. When the buyer and seller are not related and price is not the sole consideration

B. When the buyer and seller are related or price is not the sole consideration

C. It can never be rejected

D. When the goods are sold at very low margins

A. Discounts mention on invoice

B. Packing Charges mention on invoice

C. Any amount paid by customer on behalf of the supplier

D. Freight charges mention on invoice