CMA Final Paper 19 Practice Questions - ICMAI CMA Final Paper 19 Indirect Tax Laws and Practice Exam - CMA Final Paper 19 Practice Questions - ICMAI CMA Final Paper 19 Indirect Tax Laws and Practice Exam

Question 1

Under Section 7 of the CGST Act, 2017, which of the following is treated as a supply even when made WITHOUT consideration?

Sale of goods to an unrelated customer Import of services for personal use unrelated to business Supply of goods by an employer to an employee exceeding nil value with consideration Permanent transfer or disposal of business assets on which input tax credit has been availed

Correct Answer:

Permanent transfer or disposal of business assets on which input tax credit has been availed

Question 2

An activity listed in Schedule III of the CGST Act, 2017 is:

Treated as supply of goods Treated as supply of services Neither a supply of goods nor a supply of services A composite supply

Correct Answer:

Neither a supply of goods nor a supply of services

Question 3

A supply consisting of two or more taxable supplies naturally bundled and supplied in conjunction in the ordinary course of business, one of which is a principal supply, is a:

Mixed supply Continuous supply Deemed supply Composite supply

Correct Answer:

Composite supply

Question 4

A mixed supply under Section 8(b) of the CGST Act is taxed at:

The rate of the principal supply The lowest rate among the items The rate applicable to that supply which attracts the highest rate of tax A weighted average of all the rates

Correct Answer:

The rate applicable to that supply which attracts the highest rate of tax

Question 5

As per Section 12 of the CGST Act, the time of supply of goods (where forward charge applies) is the:

Date of receipt of payment only Date of removal of goods only Date on which the recipient records the goods in his books Earlier of the date of issue of invoice (or last date it should be issued) and the date of receipt of payment

Correct Answer:

Earlier of the date of issue of invoice (or last date it should be issued) and the date of receipt of payment

Question 1

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Prepare with the CMA Final Paper 19 Practice Questions - ICMAI CMA Final Paper 19 Indirect Tax Laws and Practice Exam practice quiz. This question bank includes 100 questions covering section, supply, goods, cgst, and services. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CMA Final Paper 19 Practice Questions - ICMAI CMA Final Paper 19 Indirect Tax Laws and Practice Exam

This practice set contains 100 questions from the matching question bank and focuses on section, supply, goods, cgst, and services. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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CMA Final Paper 19 Practice Questions - ICMAI CMA Final Paper 19 Indirect Tax Laws and Practice Exam

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