Recent

  • Show all results for ""

🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

GST Quiz
5 Questions
1 Views

GST Quiz

Created by
@IrreplaceableConsciousness

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which tax system is GST a successor to in India?

  • Property tax
  • Income tax
  • Sales tax
  • Value Added Tax (VAT) (correct)

    • What is the main difference between GST and VAT?

  • GST has different tax slabs compared to VAT
  • GST is a digitalized form of VAT (correct)
  • GST is imposed at every step in the production process
  • GST is collected from point of origin

    • Which of the following is NOT taxed under GST?

  • Petroleum products
  • Consumer goods (correct)
  • Electricity
  • Alcoholic drinks

    • What is the purpose of refunding GST to parties involved in the production process?

    <p>To reduce the tax burden on consumers</p> Signup and view all the answers

    How many different tax slabs are there under GST?

    <p>5</p> Signup and view all the answers

    More Quizzes Like This

    Supply-Side Policy Tools and the Long-Run Aggregate Supply Curve Quiz
    3 questions

    Supply-Side Policy Tools and the Long-Run Aggregate Supply Curve Quiz

    SleekMiracle avatar
    SleekMiracle
    GST vs VAT in India
    5 questions

    GST vs VAT in India

    AltruisticBeige avatar
    AltruisticBeige
    Understanding GST and VAT Systems Quiz
    12 questions

    Understanding GST and VAT Systems Quiz

    ProtectiveDemantoid avatar
    ProtectiveDemantoid
    GST Inspection Powers Quiz
    10 questions

    GST Inspection Powers Quiz

    WorldFamousGulf avatar
    WorldFamousGulf
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser