GST QUIZ

What is a direct tax?

• A tax that can be passed on to consumers

• A tax imposed directly on individuals or entities

• A tax imposed on goods and services

• A tax that is regressive in nature

Which of the following is an example of an indirect tax?

• Sales Tax

• Wealth Tax

• Property Tax

• Income Tax

What does GST stand for?

• Gross Sales Tax

• Government Service Tax

• General Sales Tax

• Goods and Services Tax

Which tax is typically progressive?

• Excise Tax

• Income Tax

• Value Added Tax

• Sales Tax

What is a characteristic of indirect taxes?

• They are always progressive

• They can be passed on to consumers

• They are levied directly on income

• They are easier to evade

Which of the following taxes is levied on the profit from the sale of assets?

• Payroll Tax

• Inheritance Tax

• Capital Gains Tax

• Corporate Tax

What is the main purpose of the GST Council?

• To audit tax returns

• To recommend issues related to GST

• To enforce tax laws

• To collect taxes from consumers

Which article of the Constitution empowers the government to levy GST?

• Article 246A

• Article 32

• Article 246

• Article 101

What is a regressive tax?

• A tax that takes a larger percentage from high-income earners

• A tax that is not collected at the point of sale

• A tax that takes a larger percentage from low-income earners

• A tax that is only applicable to corporations

Which of the following is NOT a feature of indirect tax?

• Ease of administration

• Directly levied on income

• Broad-based taxation

• Tax burden passed on to consumers