Indirect Taxes

Who is Tax Payer?

• Assessee

• Businessman

• Trust

• Government Employees

Indirect taxes are imposed on------------- and -------------- whereas the direct taxes are imposed on-----------------

• Goods and Service, Facilities

• Goods and Service, Person

• Goods and Person , Service

Indirect taxes are --------------------- in nature.

• Progressive

• None

• Substantive

• Regressive

In India GST became effective from

• 1st April 2017

• 1st July 2017

• 1st March 2017

GST is a ---------------------------- based tax on consumption of goods and services.

• Destination

• Delivery

An indirect tax is charged on

• Profits

• Gains

• Spending

• Income

Indian GST Model has ---------------- rate Structure.

• 3

• 4

• 5

• 6

Indirect Taxes are those whose burden ------------- to others.

• Shifted

• Not shifted

• None of the above

The highest GST rate applicable now is

• 100%

• 28%

• 18%

• 50%

Assertion (A): GST is an Indirect Tax

Reason(R): GST is progressive tax in nature.

• Both (A) and (R) are true and (R) is the correct explanation of (A)

• (A) is Correct but (R) is incorrect

• (A) is incorrect but (R) is correct