Definitions of Tax in Indian Constitution
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Questions and Answers

What was the key clarification regarding immovable property in the IOCL case?

  • Immovable property is determined by its legal ownership status.
  • Immovable property is attached to the earth and cannot be dismantled.
  • Immovable property is determined by whether it can be dismantled and reassembled. (correct)
  • Immovable property is defined by its size and weight.

    • Which of the following is NOT a characteristic of goods?

  • Goods must be tangible. (correct)
  • Goods can be intangible.
  • Goods must be capable of being bought and sold.
  • Goods must be capable of being transmitted or transferred.

    • What three-pronged test was laid down by the Supreme Court in the TCS v. State of Andhra Pradesh case to determine if an article is considered goods?

  • Legality, tradability, and durability.
  • Tangibility, exchangeability, and processability.
  • Utility, capability of being bought and sold, and capability of being transmitted or transferred. (correct)
  • Utility, transferability, and storability.

    • Is consideration necessary for the assessment of GST?

    <p>No, consideration is not necessary for the assessment of GST.</p> Signup and view all the answers

    Which of the following cases discussed the definition of 'goods' concerning intangibility?

    <p>Both B and C</p> Signup and view all the answers

    What is the legal definition of 'goods' according to Article 366(12)?

    <p>Goods include all kinds of movable property.</p> Signup and view all the answers

    In the case of TCS v. State of Andhra Pradesh, what was the question being addressed?

    <p>Whether computer software should be considered goods.</p> Signup and view all the answers

    Which of the following statements is correct?

    <p>Schedule 1 clarifies that consideration is not necessary for the assessment of GST.</p> Signup and view all the answers

    What was the significance of the BSNL v. UOI case regarding the definition of 'goods'?

    <p>It clarified that goods can be either tangible or intangible.</p> Signup and view all the answers

    Which of the following statements is NOT true?

    <p>Consideration is always necessary for the assessment of GST.</p> Signup and view all the answers

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