CA Final Paper 5 IDT Practice Questions - ICAI CA Final Paper 5 Indirect Tax Laws Exam - CA Final Paper 5 IDT Practice Questions - ICAI CA Final Paper 5 Indirect Tax Laws Exam

Question 1

Under the CGST Act, 2017, GST is levied on intra-State supplies of goods or services at the rate notified, but the levy under Section 9(1) of the CGST Act specifically excludes which of the following?

Supply of restaurant services Supply of online information database access services Supply of alcoholic liquor for human consumption Supply of works contract services

Correct Answer:

Supply of alcoholic liquor for human consumption

Question 2

Petroleum crude, high-speed diesel, motor spirit (petrol), natural gas and aviation turbine fuel are currently:

Permanently excluded from GST by the Constitution Taxable only under IGST when imported Taxed under GST at the standard 18% rate Outside GST until the GST Council notifies a date for their levy

Correct Answer:

Outside GST until the GST Council notifies a date for their levy

Question 3

A registered person located in Maharashtra supplies goods to a customer in Gujarat. The applicable tax on this transaction is:

CGST and SGST IGST only CGST, SGST and IGST SGST of Gujarat only

Correct Answer:

IGST only

Question 4

As per Schedule I of the CGST Act, which of the following is treated as a supply even when made without consideration?

Permanent transfer of business assets on which input tax credit has been availed Free samples distributed to unrelated customers Gifts to an employee not exceeding fifty thousand rupees in a financial year Sale of goods to an unrelated customer at a discount

Correct Answer:

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

Question 5

Under Section 8 of the CGST Act, a composite supply comprising two or more taxable supplies, one of which is a principal supply, shall be treated as a supply of:

The supply that has the highest value The supply that attracts the highest rate of tax The principal supply Each component taxed separately at its own rate

Correct Answer:

The principal supply

Question 1

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Prepare with the CA Final Paper 5 IDT Practice Questions - ICAI CA Final Paper 5 Indirect Tax Laws 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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CA Final Paper 5 IDT Practice Questions - ICAI CA Final Paper 5 Indirect Tax Laws 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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CA Final Paper 5 IDT Practice Questions - ICAI CA Final Paper 5 Indirect Tax Laws Exam

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