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प्रश्न
Write short note on Gift Tax and Service Tax.
टिप्पणी लिखिए
उत्तर
- Gift Tax:
Gift tax is paid to the Government by the recipient of gift depending on value of gift. - Service Tax:
Service tax is raised on provision of Service. This tax is collected from the service recipients and paid to the Central Government.
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संबंधित प्रश्न
Match the following:
| 1. | Principle of taxation | Direct Tax |
| 2. | Estate tax | Goods and Service Tax |
| 3. | Excise Tax | Adam Smith |
| 4. | 01.07.2017 | Less elastic |
| 5. | Direct Tax | Indirect Tax |
The Goods and Service Tax act came into effect on ______.
______ was the first country to implement GST in 1954.
What is the aim motto of goods and services tax?
The ticket to amusement park is an example for ______ tax.
Taxation follows the principle of ______.
______ is a method by which the rate of tax will also increase with the increase of income.
Match the following
| 1. | Proportional Taxation | a. | Transparent taxa |
| 2. | Entertainment | b. | Roads and bridges |
| 3. | GST | c. | Royalties |
| 4. | Toll tax | d. | Size of the income |
| 5. | Corporation tax | e. | Movie tickets |
Explain how an increase in sales tax can cause an increase in price.
Assertion (A): The rate of tax increases to a certain limit and then becomes constant.
Reason (R): This system is a combination of progressive tax and regressive tax.
