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Welcome to your Ch 27: Schedule II: MCQ (1 to 5)

1. The purpose of Schedule II under CGST Act, 2017 is –

2. In Schedule II single supply of goods or single supply of services can be classified into –

3. In Schedule II bundled supply comprising goods or services or both or more than one goods or more than services can be classified into –

4. Examine the following statements

(i) Financial lease transaction shall be treated as supply of goods.
(ii) Operating lease transaction shall be treated as supply of services.

5. Examine the following statements

(i) Transfer of title in goods whether in present or in future is supply of goods.
(ii) Where of right in goods without transfer of title thereof, is supply of services.

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