CLEAN : Indian business braces for disruption amid massive reform

CLEAN : Indian business braces for disruption amid massive reform

Assessment

Interactive Video

Business, Social Studies, Other

9th - 10th Grade

Hard

Created by

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FREE Resource

The video discusses the introduction of a uniform taxation regime in India, known as GST, which aims to simplify the current complex tax system involving multiple taxes at different levels. The speaker highlights the challenges of the existing system, such as accounting hassles and varying tax submission dates. The GST is expected to streamline these processes, potentially affecting sales and pricing. The speaker believes GST will benefit businesses in the long term, despite initial adjustments, and emphasizes the importance of maintaining a clean business strategy.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of introducing GST in India?

To simplify the tax structure

To complicate accounting processes

To increase the number of taxes

To decrease government revenue

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might GST affect sales before its implementation?

Sales will not be affected

Sales are expected to increase

Sales are expected to remain the same

Sales are expected to decrease

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the anticipated long-term effect of GST on businesses?

It will have no effect

It will harm businesses permanently

It will benefit businesses in the long run

It will only benefit large corporations

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are some businesses not rushing to liquidate inventory before GST?

They are unaware of GST changes

They believe GST will ultimately be beneficial

They have no inventory to liquidate

They expect GST to harm their business

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the speaker's perspective on running a clean business in the context of GST?

It is irrelevant to GST

It will be beneficial in the long term

It will only help in the short term

It will lead to immediate losses