Taxation Questions

Who is known as the father of GST in India?

In terms of economy, what is the full form of ITC as requested in image_66d9ce.jpg?

National Highways Act, 1956 is applied to which tax policy as presented in image_66da05.jpg?

In which state was service tax traditionally not applicable under special provisions before structural shifts?

What has been the trend of the share of direct taxes in India after the economic reforms?

The tax imposed on import and export of commodity is known as

Which of the following is excluded from the purview of GST in India?

What is the full form of PAN?

Which is historically the most important source of own revenue for the States in India?

The 101st Amendment of the Indian Constitution is related to

What does "I" in IGST stand for?

Consider the statements about GST:
(i) Both Central and State taxes will be collected at the point of sale.
(ii) The Central and State GST will be charged on the manufacturing cost.
Which of the above statements is/are correct?
A) (i) only
B) (ii) only
C) both (i) and (ii)
D) None of the above

Under the old indirect tax regime, Service Tax was historically not levied in which of the following states due to special constitutional exceptions?

The Laffer curve is the graphical representation of

Consider the following statements and identify the correct one(s):
(i) The Central Government does not have exclusive power to impose a tax which is not mentioned in either the State list or the Concurrent list.
(ii) The Constitution also provides for transferring certain tax revenues from the Union list to the States.

Who is widely referred to as the father of GST (Goods and Services Tax) in India?

What is the impact of proportional taxes?

How many members are there in the GST Council?

What is the GST rate applicable on mobile phones in India?

If the recipient of Employee provident Fund (EPF) withdrawal does not provide his PAN, TDS on the withdrawal will be _________, instead of the maximum marginal rate as per new budget of 2023.

Which of the following type of tax is submitted in Indian GST?

What is the GST rate for necessary items like milk products, bread, etc.?