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Goods and Services Tax (GST) Interview Questions

Below we have listed all the Goods and Services Tax (GST) Interview Questions and answers. Feel free to comment on any Goods and Services Tax (GST) Interview Questions or answer by the comment feature available on the page.

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View All Goods and Services Tax (GST) Interview Questions & Answers - Exam Mode / Learning Mode

GST stands for "Goods and Services Tax", and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and State governments. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. GST is a consumption based tax/levy. It is based on the ?Destination principle.? GST is applied on goods and services at the place where final/actual consumption happens. GST is collected on value-added goods and services at each stage of sale or purchase in the supply chain. GST paid on the procurement of goods and services can be set off against that payable on the supply of goods or services.

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How will the GST make a change? Pls give an example?
4.9 Rating
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Will cross utilization of credits between goods and services be allowed under GST regime?
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How to file GST Return Online?
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How will IT be used for the implementation of GST?
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What is the rate structure proposed under GST?
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What are the major features of the proposed payment procedures under GST?
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How will GST benefit the common consumers?
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Why does introduction of GST require a Constitutional Amendment?
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Will cross utilization of credits between goods and services be allowed under GST regime?
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How will the rules for administration of CGST and SGST be framed?
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Will all goods and services be covered under the GST?
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How GST will be levied in India with an effective administration?
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How can the burden of tax, in general, fall under GST?
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Which Central and State taxes are proposed to be subsumed under GST?
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What is the concept of providing threshold exemption into a tax regime?
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How will imports be taxed under GST?
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What are the salient features of the proposed GST model?
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Who bears the final tax in the process?
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Will the rate rise in case of GST making it costlier?
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How would GST be administered in India?
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India News Network
Latest 20 Questions
Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable
Consideration is defined in the Indian Contract Act,1872 in: (a) Section 2(f) (b) Section 2(e) (c) Section 2(g) (d) Section 2(d)
Which of the following is not an exception to the rule, "No consideration, No contract": (a) Natural love and affection (b) Compensation for involuntary services (c) Completed gift (d) Agency
Consideration must move at the desire of: (a) The promisor (b) The promisee (c) The promisor or any other party (d) Both the promisor and the promisee
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
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A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
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When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
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