18 Questions
What is the proposed single tax that combines various taxes in India?
Goods and Service Tax (GST)
What is the classification of goods under the Central Sales Tax Act 1956?
Declared goods and other goods
Who is liable to pay tax under the Central Sales Tax Act 1956?
Dealers with interstate trade, regardless of turnover
Who collects the tax under the Central Sales Tax Act 1956?
State Government from where the goods are sold outside the State
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
Why is the GST proposed to replace the current tax system?
To reduce the complexity of complying with multiple rules and regulations
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
What is the turnover threshold for businesses engaged in the supply of goods in normal category states?
40 lakhs
Who is required to undergo GST registration?
All of the above, except non-resident taxable persons
What is the turnover threshold for businesses engaged in the rendering of services in special category states?
20 lakhs
Who has the power to notify other individuals and businesses for GST registration?
Any of the above, on recommendation by the GST Council
What type of businesses are required to register for GST, regardless of their turnover?
All of the above
What type of agency is liable for deducting tax under section 51?
Goods Transport Agency
Who is responsible for paying GST under reverse charge mechanism for legal services?
The business entity receiving the service
What is the category of supply of services provided by an individual advocate including a senior advocate or firm of advocates?
No Services
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
What is the purpose of registration under the CGST Act, 2017 for certain governmental agencies?
For deducting tax under section 51
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
Learn about the Goods and Service Tax (GST) and the Central Sales Tax Act 1956, including its provisions, extent, and commencement. Test your knowledge on the importance of CST Act 1956 and its implications.
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