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Questions and Answers
Who bears the final burden of tax according to the text?
Who bears the final burden of tax according to the text?
- Government
- Businesses
- Taxpayers (correct)
- Consumers
Which article of the Indian Constitution deals with the distribution of legislative powers including taxation?
Which article of the Indian Constitution deals with the distribution of legislative powers including taxation?
- Article 246 (correct)
- Article 245
- Article 250
- Article 247
What does List I in the Indian Constitution contain?
What does List I in the Indian Constitution contain?
- Matters only under State Government's power
- Matters only under Central Government's power (correct)
- No tax matters covered
- Matters under both Central and State Governments' power
Who has the exclusive power to lay down rules for matters in List II?
Who has the exclusive power to lay down rules for matters in List II?
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What is the purpose of List III in the Indian Constitution?
What is the purpose of List III in the Indian Constitution?
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Which type of tax cannot be passed on to any other person?
Which type of tax cannot be passed on to any other person?
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Who pays indirect taxes in India indirectly?
Who pays indirect taxes in India indirectly?
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Which of the following is a major indirect tax in India?
Which of the following is a major indirect tax in India?
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When are indirect taxes payable in relation to goods and services?
When are indirect taxes payable in relation to goods and services?
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What type of taxes are mainly based on consumption of goods and services?
What type of taxes are mainly based on consumption of goods and services?
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