Login / Signup

Question

Which of the following is true about sales tax and VAT?

A Both the taxes are under union list.

B Sales tax is under union list and VAT is under state list.

C Sales tax is under state list and VAT is under concurrent list.

D Both the taxes are under concurrent list.

Practice Next

More Accounts Questions

Which of these is a primary objective of financial reporting?
  If the PV ratio us 80% and MOS is 20000. Calculate FC if SP per unit is 5 and Contribution is 40000.
Which of the following investments are covered under the scope of Ind AS -40?
Which of the following is an example of an 'Off-Balance Sheet' exposure?
Section 7 of the CGST Act delines which of the following?
Under the Indian Contract Act, the suggestion as a fact of that which is not true by one who does not believe it to be true and the active concealment of a...
Under which section of the Income Tax Act, 1961, can an individual claim a deduction for the payment of Medical/Health Insurance Premium?
Under the Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE), what is the guarantee cover tenure for working capital facilities?
Following data has been extracted from the records of BCG Ltd. Machine hours: 8,00,000 (Maximum), 3,00,000 (Minimum). Manufacturing Overheads (₹ in lakh): ...
In relation to auditing concepts, which of the following statements is INCORRECT?

Relevant for Exams:

HPCL CA

Hey! Ask a query

ask-question