What does GST stand for?

"Goods and Sales Tax" "General Sales Tax" "Goods and Services Tax" "General Services Tax"

When was the GST Act passed?

"2016" "2017" "2018" "2019"

What is the primary purpose of the GST system?

"To increase government revenue" "To simplify the taxation process" "To promote international trade" "To encourage domestic production"

What is a GST Return?

"A receipt for goods purchased" "A record of income and expenses" "A tax invoice for services rendered" "A document outlining tax regulations"

Which of the following is NOT a key component of a GST return?

"Purchases" "Sales" "Output GST" "Profit margin"

How often are businesses required to file GST returns?

"Weekly" "Monthly" "Quarterly" "Annually"

What is the name of the online portal used for GST filing?

"GSTN" "GSTR" "GSTF" "GSTS"

What does GSTN stand for?

"Goods and Services Tax Network" "General Sales Tax Network" "Global Sales Tax Network" "Government Sales Tax Network"

What is the penalty for late filing of GST returns?

"Rs. 100 per day" "Rs. 200 per day" "Rs. 500 per day" "Rs. 1000 per day"

Which form is used by composition suppliers to file quarterly returns?

"GSTR-1" "GSTR-2" "GSTR-3" "GSTR-4"