Introduction to GST Nptel Week 1 Assignment Answers
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Introduction to GST Nptel Week 1 Assignment Answers (July-Dec 2025)
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Question 1. “GST” refers to which of the following?
a) General Sales Tax
b) Goods & Services Tax
c) Goods & System Tax
d) Goods & Service Taxation
e) Goods Supply Tax
Question 2. GST falls under which of the following types of taxes?
a) Direct Tax
b) Indirect Tax
c) Both Direct and Indirect Tax
d) Neither Direct nor Indirect Tax
e) Service tax
Question 3. What is the nature of GST in terms of its impact on different income groups?
a) Progressive Tax
b) Regressive Tax
c) Proportional Tax
d) Hybrid Tax
e) Neutral Tax
Question 4. What is the highest tax rate prescribed under the GST law?
a) 18% + cess
b) 28%
c) 28% + cess
d) 40%
e) 50%
Question 5. CGST stands for
a) Central Government Sales Tax
b) Common Goods and Services Tax
c) Central Goods and Services Tax
d) Comprehensive Goods and Services Tax
e) Corporate Goods and Services Tax
Question 6. How do direct taxes differ from indirect taxes?
a) Direct taxes are on income, while indirect taxes are on goods and services.
b) Direct taxes are levied on consumption, while indirect taxes are levied on income.
c) Direct taxes are for businesses, while indirect taxes are for individuals.
d) Direct taxes can be shifted, while indirect taxes cannot.
e) Direct taxes are paid by the businessman, while indirect taxes are paid by the non-business person.
Question 7. When did GST came into effect in India?
a) 1 April, 2017
b) 1 January, 2017
c) 1 July, 2017
d) 1 October, 2017
e) 31 July, 2017
Question 8. Which of the following is not under the purview of GST yet?
a) Pop-Corn
b) Petroleum
c) Telephone/Internet
d) Tobacco
e) Tea
These are Introduction to GST Nptel Week 1 Assignment Answers
Question 9. Which of the following taxes have been subsumed under GST?
a) Central Excise Duty
b) VAT
c) Service Tax
d) Octroi and Entry Tax
e) All of the above
Question 10. Which tax is levied on inter-state supplies?
a) SGST
b) CGST
c) IGST
d) UTGST
e) CGST & SGST/UGST
Question 11. Which of the following is not included while calculating GST Turnover?
a) Outward supplies
b) Inward supplies on which RCM is payable
c) Exempt supplies
d) Agriculture income
e) Inter & Intra Rated supplies
Question 12. What are naturally bundled supplies where the tax rate of principal supply is levied?
a) Mixed supplies
b) Composite supplies
c) Regular Supplies
d) Combined supplies
e) Joint supplies
Question 13. What do you mean by term ‘Exempt supply’ under GST?
a) ‘Zero rated’ tax applicable
b) Export supplies
c) Items are not covered under GST
d) Non- GST
e) None of the above
Question 14. GSTN operates under which type of ownership?
a) Fully Government-Owned
b) Public-Private Partnership (PPP)
c) Fully Private-Owned
d) Cooperative Society
e) Limited Liability Partnership
These are Introduction to GST Nptel Week 1 Assignment Answers
Question 15. Which schedule under the CGST Act, 2017 specifies activities treated as supply ‘without consideration’?
a) Schedule I
b) Schedule II
c) Schedule III
d) Schedule IV
Question 16. HSN code refers to
a) Harmonized System of Numbers
b) Hybrid System of Numbers
c) Harmonized System of Nomenclature
d) Harmonized Structure of Numbers
e) Hybrid Standard Nomenclature
Question 17. What is meant by destination-based tax?
a) Where goods are manufactured
b) Where manufacturer send goods to agent
c) Where goods and services are finally consumed
d) Where goods are supplied to retailers
e) Where goods are moved intra state
Question 18. What is the sharing ratio of revenue collection between central and state government?
a) 50:50
b) 80:20
c) 40:60
d) 70:30
e) 45:55
These are Introduction to GST Nptel Week 1 Assignment Answers
Question 19. Who is authorized to grant exemptions or reduce tax rate?
a) The Central Government
b) The State Government
c) GST commission
d) GST Council
e) Central government on recommendations of GST council
Question 20. Cascading effect of tax means
a) Tax on value added only
b) Tax on Goods & Services both
c) Tax on tax
d) Same tax rate
e) None of the above
These are Introduction to GST Nptel Week 1 Assignment Answers