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Indirect Tax Law: What is Tax?

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Questions and Answers

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?

2015

2014

2017 (correct)

2016

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?

Direct Tax is paid directly to the government, while Indirect Tax is paid to the government via an intermediary. Signup and view all the answers

Who bears the burden of an Indirect Tax?

The consumer Signup and view all the answers

Which tax type is considered more convenient in terms of collection according to the text?

Indirect Tax Signup and view all the answers

What was the tax structure in India before the introduction of GST?

VAT on buying raw material, VAT + Excise for manufacturers, VAT on sales to consumer Signup and view all the answers

Which of the following taxes were subsumed under GST in India?

Central Excise, Service Tax Signup and view all the answers

What are the components of the current GST tax structure in India?

CGST, SGST, IGST Signup and view all the answers

Which of the following taxes were part of the pre-GST tax system in India?

Luxury Tax, Entry Tax Signup and view all the answers