Taxation

GST is imposed on the production of all services and goods, except…..

• A) Liquor intended for human ingestion

• B) Tobacco

• C) Health care service

• D) All of the above

The products & services networking (GSTN) performs the following activities…

• A) Facilitating registration

• B) Returning the package to the federal and state governments

• C) GST calculation and settlement

• D) All of the above

The term total revenue would not include the following items:

• A) Inward deliveries that are taxed on an effective payment basis

• B) Exempt supplies

• C) Export of goods or services or both

• D) Persons with the very same PAN address supplying across state lines

Which of the below are GST’s advantages?

Establishment of a single national market

Strengthening the ‘Make in India’ program

Lessening the burden of conformity on taxpayers

Increase in government revenue

Dual taxation, as well as double taxation, are eliminated.

Select the appropriate answer from the choices below.

• A) 1, 3, 4, and 5 are the first, third, fourth, and fifth numbers

• B) 2, 3, 4 & 5

• C) 1, 2, 4 and 5

• D) 1, 2, 3, 4 and 5

GST stands for Goods and Services Tax, and it is a tax system that covers a wide range of

• A) Goods

• B) Services

• C) Goods, companies and imports

• D) Products, systems, and exports