Question
The collection of goods and services tax (GST) was
highest in April 2022 as Rs 1.68 trillion, what is the collection of GST for May 2022.Solution
Goods and Services Tax (GST) is an indirect tax (or consumption tax) levied on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. The finance ministry released the provisional data on GST for May 2022. The collection of goods and services tax (GST) was Rs 1.41 trillion (₹1,40,885 crore) in May. It was 16 per cent (Rs 26,655 crore) lower than the record collection of Rs 1.68 trillion in April. However, the latest figure is 44 per cent higher than Rs 97,821 crore a year ago. Also, the mop-up in May is still the fourth-highest since the inception of GST in July 2017.
Classical economists argue that money is neutral because
What is the formula for the money multiplier?
Purchasing Power Parity (PPP) theory suggests that exchange rates will adjust to offset differences in:
A distribution of 6 scores has a median of 21. If the highest score increases 3 points, the median will becomeÂ
If a constant 60 is subtracted from each of the values of X and Y, then the regression coefficient is
Which of the following statements is not true regarding CIBIL?
You are given the following data for national economy of a country Y:
Equilibrium GDP is $6000 million.
MPC is 0.8
It is considered...
The "Tragedy of the Commons" is most directly associated with the problem of providing:
In a frequency distribution the last cumulative frequency is 500. Q3 must lie in?
If rxy = 0.4, then r(2x, 2y) is equal to:
Relevant for Exams:
