Advertisements
Advertisements
Question
Assertion (A): Goods and Services Tax (GST) is an indirect tax.
Reason (R): The impact and the incidence of tax are on two different person.
Options
A is true but R is false.
A is false but R is true.
Both A & R are true R explains A.
Both A & R are true but R does not explain A.
Solution
Both A & R are true R explains A.
APPEARS IN
RELATED QUESTIONS
Under which tax one nation, one uniform tax is ensured ______.
The burden of the ______tax cannot be shifted to others
What is progressive tax?
______ was the first country to implement GST in 1954.
Sales tax is an example of ______ taxation.
______ constituted under the Central Board of Revenue Act, 1963.
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 |
Excise tax in India ______ is levied by the Central Government.
Explain the following
Toll Tax and & Road Tax
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.
