Question
Concerning the GST Council's regularization of taxation
issues, consider the following statements: 1. The GST Council is deciding on whether packets of cereals, pulses, and flour over 25 kg should attract 5% GST. 2. The council might exclude agricultural produce in packages over 25 kg from the labeled commodity category. 3. Tobacco products currently attract the highest GST rate of 40%. Which of the above statements is/are correct?Solution
Explanation: Statements 1 and 2 are correct regarding the GST Council's considerations. Statement 3 is incorrect as tobacco products attract the highest GST rate of 28% with additional cess, not 40%.
When employees in the workplace often talk of 'us' and 'them', it reflects that the organisation has a _________ frame of reference.
Which account in the BOP includes transactions related to currently produced goods and services?
Which is the process of converting the organizational structure of the stock exchange from a non-corporate to a corporate structure?
Which of the following would have the lowest credit risk for a bank/lender?
In February 2024, in which of the following sectors, the FDI limit has been increased to 100%?
Imputed cost is _______
What is the key amendment in the provision regarding business credit cards issued by card-issuers to business entities/individuals for business expenses...
As per the Companies Act, 2013, the minimum gap between two Annual General Meetings (AGMs) should not be more than:
How much financing did the World Bank approve to help India accelerate low carbon energy development in its second round?
The maximum investment that can be made in Pradhan Mantri Vaya Vandana Yojana (PMVVY) is restricted to _________ per senior citizen.
Relevant for Exams:
