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प्रश्न
Write short note on Goods and Service Tax.
उत्तर
Goods and Service Tax is defined as the tax levied when a consumer buys a good or service. That aims to replace all indirect taxes levied on goods and services by the Central and state governments. GST would eliminative the cascading effect of taxes on the production and distribution of goods and services. It is also a “one-point tax” unlike value-added tax (VAT), which was a multipoint tax.
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संबंधित प्रश्न
Income tax is a
Correct one out :
Which one of the following tax is a direct tax?
The Goods and Service Tax act came into effect on ______.
Match the following
| 1. | Income Tax | Value added tax |
| 2. | Excise duty | 1 July 2017 |
| 3. | VAT | Smuggling |
| 4. | GST | Direct tax |
| 5. | Black money | Indirect tax |
______ was the first country to implement GST in 1954.
Write a short note on Excise duty.
Wealth tax is an example of ______.
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 |
______ is imposed on the property of individuals depending upon the value of the property.
What is meant by incidence of taxation?
