Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
What is the foundation stone of any taxation system?
What is the foundation stone of any taxation system?
- Indirect tax regime
- Tax consequence
- Levying tax
- Taxable event (correct)
Under the earlier indirect tax regime, what caused controversies and litigation?
Under the earlier indirect tax regime, what caused controversies and litigation?
- Introduction of GST laws
- Interpretations of taxable events (correct)
- Levying of tax
- Taxable consequences
What are the various taxable events that existed prior to the introduction of GST?
What are the various taxable events that existed prior to the introduction of GST?
- Manufacture, sale, rendering of service, purchase, entry into a territory of State (correct)
- Controversies, litigation, interpretations
- Taxable event, tax consequence, foundation stone
- Taxable consequences, levying tax, indirect tax regime
What does the GST laws resolve by laying down one comprehensive taxable event?
What does the GST laws resolve by laying down one comprehensive taxable event?
Signup and view all the answers
What is the taxable event that is the foundation stone of the GST laws?
What is the taxable event that is the foundation stone of the GST laws?
Signup and view all the answers
Flashcards are hidden until you start studying
