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B Com Exam  >  B Com Test  >  Goods and Services Tax (GST)  >  Test: Taxable Event and Scope of Supply under GST - B Com MCQ

Taxable Event and Scope of Supply under GST - Free MCQ Practice Test


MCQ Practice Test & Solutions: Test: Taxable Event and Scope of Supply under GST (10 Questions)

You can prepare effectively for B Com Goods and Services Tax (GST) with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Taxable Event and Scope of Supply under GST". These 10 questions have been designed by the experts with the latest curriculum of B Com 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 10 minutes
  • - Number of Questions: 10

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Test: Taxable Event and Scope of Supply under GST - Question 1
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Which of the following is NOT considered a non-taxable supply under both CGST and IGST Acts?

Detailed Solution: Question 1

Supply of natural gas is not considered a non-taxable supply under both CGST and IGST Acts. However, it may be subject to tax as notified by the central government.

Test: Taxable Event and Scope of Supply under GST - Question 2
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What does the term "Reverse Charge" refer to in the context of GST?

Detailed Solution: Question 2

"Reverse Charge" in the context of GST refers to a situation where the recipient of goods or services is liable to pay the tax to the government instead of the supplier. This mechanism is used for specific categories of supply.

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Test: Taxable Event and Scope of Supply under GST - Question 3
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What is the definition of "Electronic Commerce Operator" (ECO) under GST?

Detailed Solution: Question 3

"Electronic Commerce Operator" (ECO) under GST is defined as any digital or electronic facility or platform used for e-commerce that is owned, operated, or managed by any person. This includes platforms like online marketplaces and ride-sharing apps.

Test: Taxable Event and Scope of Supply under GST - Question 4
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Under which section of the CGST Act, 2017 are the provisions for Reverse Charge Mechanism (RCM) for specified categories of supply provided?

Detailed Solution: Question 4

The provisions for Reverse Charge Mechanism (RCM) for specified categories of supply are provided under Section 5(3) of the CGST Act, 2017.

Test: Taxable Event and Scope of Supply under GST - Question 5
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Which of the following statements regarding the levy of IGST is correct?

Detailed Solution: Question 5

The correct statement is that the recipient of goods or services pays IGST to the Central government in the case of inter-state supply.

Test: Taxable Event and Scope of Supply under GST - Question 6
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What is the purpose of the "Electronic Commerce Operator" (ECO) paying IGST in certain cases?

Detailed Solution: Question 6

The purpose of the "Electronic Commerce Operator" (ECO) paying IGST in certain cases is to shift the tax liability from the suppliers of goods or services to the ECOs, making them responsible for collecting and remitting the tax to the government.

Test: Taxable Event and Scope of Supply under GST - Question 7
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What is the exemption limit for reverse charge in the case of supply received from an unregistered person under CGST Act, 2017?

Detailed Solution: Question 7

The exemption limit for reverse charge in the case of supply received from an unregistered person under the CGST Act, 2017, was Rs. 5,000 per day during a certain period. However, this exemption is not applicable under the IGST Act.

Test: Taxable Event and Scope of Supply under GST - Question 8
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What is the purpose of deferring the provisions of reverse charge under the CGST and IGST Acts?

Detailed Solution: Question 8

The purpose of deferring the provisions of reverse charge under the CGST and IGST Acts, as mentioned in the text, is to provide relief to registered persons, especially small businesses, from the burden of reverse charge during a specific period.

Test: Taxable Event and Scope of Supply under GST - Question 9
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Which section of the IGST Act, 2017 provides for the levy and collection of IGST in the case of specified categories of supply?

Detailed Solution: Question 9

Section 5(3) of the IGST Act, 2017 provides for the levy and collection of IGST in the case of specified categories of supply where the recipient of goods or services pays the tax to the Central government.

Test: Taxable Event and Scope of Supply under GST - Question 10
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What is the definition of "Goods" under the Central Goods and Services Act, 2017 (CGST Act, 2017)?

Detailed Solution: Question 10

Under the CGST Act, 2017, the definition of "Goods" includes all materials, commodities, and articles. This definition is quite broad and encompasses a wide range of movable property.

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About this B Com Practice Test

This test contains 10 MCQs on Taxable Event and Scope of Supply under GST with detailed solutions for each question. It is part of the Goods and Services Tax (GST) course on EduRev, designed to align with the current B Com syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

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If you found this Taxable Event and Scope of Supply under GST MCQ Test helpful, you can further enhance your B Com preparation with in-depth courses on EduRev, for all the subjects and topics available in Goods and Services Tax (GST) course. The course offers:
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