NEW
Font size
Worksheetsfinancial relations between centre and state
Total questions: 18
Worksheet time: 9mins
Tax whose burden can be shifted to others
Direct Tax
Indirect Tax
Both
None of them
Taxes can be ...
Local
Regional
National
All are correct
Select the incorrect answer...
Taxes are voluntary fees
Taxes are paid by individuals and corporations
Taxes are enforced by the government
Taxes finance government activities
Talking about "direct taxes" ...
Taxpayer pays it from his own resources
Are less predictable
VAT (Value Addition Tax) is an example
All are correct
Talking about "indirect taxes"...
Value Addition Tax (VAT) is an example
Are levied per transaction
Taxpayer collects it from others and pays
All are correct
Taxes are used for ...
All are correct
Schools
Hospitals
Police
Classification of taxes ...
Direct - Indirect
Legal - Criminal
Cheap - expensive
All are correct
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
GST is a ---------------------------- based tax on consumption of goods and services.
Destination
Delivery
An indirect tax is charged on
Profits
Gains
Spending
Income
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%
Who among the following is chairman of GST council?
Prime Minister
Finance Minister
Revenue Secretary
Chairman , CBIC
Which of the following tax is not subsumed in GST
VAT
Stamp Duty
Entry Tax
Entertainment Tax
------------------ taxes are generally not shifted and are paid in lump sum for the whole year.
Direct
Indirect
All of the above
More taxes will affect to ...
farmers
small business
workers
all are correct
