Question
Consider the following statements about Goods
and Services Tax (GST) is/are correct? GST Council is the governing body of GST having 33 members, out of which 2 members are of centre and 31 members are from 28 states and 3 Union territories with legislation. The Kelkar committee recommended the rolling out of GST.Solution
Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and services. GST is a digitalized form of VAT where you can also track goods & services. Goods and services are divided into five different tax slabs for the collection of tax: 0%, 5%, 12%, 18% and 28%. However, petroleum products, alcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax system.
Which athlete from India was the only winner of any medal in the London Paralympics?
__________has retained his Men's Singles title by winning 2018 Australian Open.
Which of the following was the main cause of the decline of the Gupta empire ?
Kalidas Samman is a prestigious arts award presented annually by the government of ________.
NABARD has launched an agroecology-based programme named ‘JIVA programme’. The objective of the programme is to promote ______________.
Which of the following funds is an Initiative by Government of India to cater to the borrowing requirements of Public Sector by pooling investments from...
Which of the following is NOT a fundamental right under the 44th Amendment Act, 1978 of indian constitution?
The Large Hardon Collider (LHC) is a gigantic scientific instrument near Geneva spanning the border area of ____.
Which of the following images during the French Revolution stood for the symbol of Eternity?
Which is the first State in India to have water policy?