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Questions and Answers
Which of the following is NOT considered an indirect tax in India?
Which of the following is NOT considered an indirect tax in India?
- Sales Tax on Petrol & Liquor
- Income Tax (correct)
- Customs Duty
- GST
When was GST officially launched in India?
When was GST officially launched in India?
- 2015
- 2014
- 2017 (correct)
- 2016
What was the aim of introducing GST in India?
What was the aim of introducing GST in India?
- To have multiple indirect taxes
- To replace income tax
- To establish a unified tax system (correct)
- To eliminate all forms of taxation
What is the key difference between Direct and Indirect Tax?
What is the key difference between Direct and Indirect Tax?
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Who bears the burden of an Indirect Tax?
Who bears the burden of an Indirect Tax?
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Which tax type is considered more convenient in terms of collection according to the text?
Which tax type is considered more convenient in terms of collection according to the text?
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What was the tax structure in India before the introduction of GST?
What was the tax structure in India before the introduction of GST?
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Which of the following taxes were subsumed under GST in India?
Which of the following taxes were subsumed under GST in India?
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What are the components of the current GST tax structure in India?
What are the components of the current GST tax structure in India?
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Which of the following taxes were part of the pre-GST tax system in India?
Which of the following taxes were part of the pre-GST tax system in India?
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