Solved Sales Tax Act and VAT Concepts (Taxation)

Sales Tax Act and VAT Concepts MCQs for Competitive Exams

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Topic Notes: Sales Tax Act and VAT Concepts

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Sales Tax Act and VAT Concepts MCQs in Commerce are useful for candidates who need targeted practice for CSS, PMS, FPSC, PPSC, NTS, entry tests, and other competitive exams in Pakistan. This topic page is designed for quick revision, repeated practice, and exam-focused preparation.

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Which of the following changes necessitate an amendment to the GST registration certificate?

Switching over form composition scheme to normal scheme or vice versa.

All of the above

Change in constitution of the registered person

Change of name of the registered person

Report

Under the Goods and Services Tax framework, Integrated GST (IGST) is applicable to which of the following transactions?

Intrastate sales

Exports

Interstate supply and Imports

Interstate Supply only

Report

What is the standard procedure for a taxpayer to apply for GST registration?

Uploading necessary documents electronically in the common portal and also submitting manually to the jurisdictional proper officer.

Filing FORM GST REG-01 along with necessary documents with the jurisdictional proper officer.

Filing FORM GST REG-01 electronically in the common portal and uploading the required documents along with the application.

None of the above

Report

Vote of Central Government in GST Council will be on the following weightage?

$$\frac{1}{2}$$

$$\frac{2}{3}$$

$$\frac{1}{3}$$

$$\frac{3}{4}$$

Report

Which article of the Constitution of India provides for the establishment of the Goods and Services Tax (GST) Council?

279A of the constitution

279 of the constitution

276 of the constitution

277 of the constitution

Report

Which categories of persons are mandatorily required to obtain GST registration?

No, only if specified threshold exceeds in a financial year then only need to obtain

Not required for an agriculturist or person exclusively engaged in supplying exempt goods or services

For an agriculturist or exclusively engaged in supplying exempt goods or services is not required and for others if specified threshold limit exceeds in a financial year

Every Person

Report

Which of the following registers or ledgers are maintained in an online format within the GST portal?

All of them

Tax liability register

Credit ledger

Cash ledger

Report

Which system, introduced on a trial basis in January 2020 and mandated from October 2020 for businesses with an annual turnover exceeding Rs. 100 crore, requires the electronic reporting of invoices?

e-way bill system

business system

e-invoicing system

e-commerce system

Report

What are the four tax rate slabs established under the Goods and Services Tax (GST) structure in India?

5%, 12%, 18% and 28%

5%, 12%, 18% and 26%

5%, 12%, 16% and 28%

5%, 12%, 18% and 24%

Report

Match the following GST forms with their respective descriptions: GSTR-1, GSTR-2, GSTR-3, and GSTR-4.

a-3, b-4, c-1, d-2

a-2, b-3, c-1, d-4

a-4, b-3, c-1, d-2

a-2, b-1, c-4, d-3

Report

Sales Tax Act and VAT Concepts MCQs for Competitive Exams

Sales Tax Act and VAT Concepts MCQs for Competitive Exams

Topic Notes: Sales Tax Act and VAT Concepts

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