Podcast
Questions and Answers
What is the proposed single tax that combines various taxes in India?
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?
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?
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?
Who collects the tax under the Central Sales Tax Act 1956?
What is the purpose of registering and displaying the certificate of registration under the Central Sales Tax Act 1956?
What is the purpose of registering and displaying the certificate of registration under the Central Sales Tax Act 1956?
Why is the GST proposed to replace the current tax system?
Why is the GST proposed to replace the current tax system?
Who is considered a 'Non-resident taxable person' according to the CGST Act 2017?
Who is considered a 'Non-resident taxable person' according to the CGST Act 2017?
What is the turnover threshold for businesses engaged in the supply of goods in normal category states?
What is the turnover threshold for businesses engaged in the supply of goods in normal category states?
Who is required to undergo GST registration?
Who is required to undergo GST registration?
What is the turnover threshold for businesses engaged in the rendering of services in special category states?
What is the turnover threshold for businesses engaged in the rendering of services in special category states?
Who has the power to notify other individuals and businesses for GST registration?
Who has the power to notify other individuals and businesses for GST registration?
What type of businesses are required to register for GST, regardless of their turnover?
What type of businesses are required to register for GST, regardless of their turnover?
What type of agency is liable for deducting tax under section 51?
What type of agency is liable for deducting tax under section 51?
Who is responsible for paying GST under reverse charge mechanism for legal services?
Who is responsible for paying GST under reverse charge mechanism for legal services?
What is the category of supply of services provided by an individual advocate including a senior advocate or firm of advocates?
What is the category of supply of services provided by an individual advocate including a senior advocate or firm of advocates?
What is the definition of 'Legal Service' in the context of GST?
What is the definition of 'Legal Service' in the context of GST?
What is the purpose of registration under the CGST Act, 2017 for certain governmental agencies?
What is the purpose of registration under the CGST Act, 2017 for certain governmental agencies?
What is the scope of legal services provided by an individual advocate or a senior advocate to a business entity?
What is the scope of legal services provided by an individual advocate or a senior advocate to a business entity?
Flashcards are hidden until you start studying
