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Question

The point at which the liability to charge tax arises is called as the

A Execution Event Correct Answer Incorrect Answer
B Taxable Event Correct Answer Incorrect Answer
C Effective Event Correct Answer Incorrect Answer
D Final Event Correct Answer Incorrect Answer
E Liability Event Correct Answer Incorrect Answer

Solution

Taxable Event is the point at which liability to pay GST arises. It is the point in time when the supply of goods or services is deemed to have taken place. The time of supply is determined based on different rules for goods and services.

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