GST and Central Sales Tax Act 1956

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What is the proposed single tax that combines various taxes in India?

State Tax

Central Sales Tax

Goods and Service Tax (GST) (correct)

Value Added Tax (VAT)

What is the classification of goods under the Central Sales Tax Act 1956?

Essential and non-essential goods

Local and interstate goods

Declared goods and other goods (correct)

Taxable and exempt goods

Who is liable to pay tax under the Central Sales Tax Act 1956?

Dealers with exempt goods only

Dealers with a minimum turnover of ₹10 lakh

Dealers with interstate trade, regardless of turnover (correct)

Dealers with local trade only

Who collects the tax under the Central Sales Tax Act 1956?

State Government from where the goods are sold outside the State Signup and view all the answers

What is the purpose of registering and displaying the certificate of registration under the Central Sales Tax Act 1956?

To demonstrate compliance with tax laws Signup and view all the answers

Why is the GST proposed to replace the current tax system?

To reduce the complexity of complying with multiple rules and regulations Signup and view all the answers

Who is considered a 'Non-resident taxable person' according to the CGST Act 2017?

A person who occasionally undertakes transactions involving supply of goods or services or both in India Signup and view all the answers

What is the turnover threshold for businesses engaged in the supply of goods in normal category states?

40 lakhs Signup and view all the answers

Who is required to undergo GST registration?

All of the above, except non-resident taxable persons Signup and view all the answers

What is the turnover threshold for businesses engaged in the rendering of services in special category states?

20 lakhs Signup and view all the answers

Who has the power to notify other individuals and businesses for GST registration?

Any of the above, on recommendation by the GST Council Signup and view all the answers

What type of businesses are required to register for GST, regardless of their turnover?

All of the above Signup and view all the answers

What type of agency is liable for deducting tax under section 51?

Goods Transport Agency Signup and view all the answers

Who is responsible for paying GST under reverse charge mechanism for legal services?

The business entity receiving the service Signup and view all the answers

What is the category of supply of services provided by an individual advocate including a senior advocate or firm of advocates?

No Services Signup and view all the answers

What is the definition of 'Legal Service' in the context of GST?

Any service provided in relation to advice, consultancy or assistance in any branch of law Signup and view all the answers

What is the purpose of registration under the CGST Act, 2017 for certain governmental agencies?

For deducting tax under section 51 Signup and view all the answers

What is the scope of legal services provided by an individual advocate or a senior advocate to a business entity?

Both representational services and advice, consultancy or assistance in any branch of law Signup and view all the answers

GST and Central Sales Tax Act 1956

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