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.
In the following question select the answer pair that expresses a relationship most similar to that expressed in the capitalised pair.
Mercuria...
choose the word opposite in meaning to the given highlighted word.
Fanatical , uncultured leaders, little versed in modern science, cannot giv...
Find the word with the appropriate similar meaning of the word in Italic from the options given:
His benevolent nature made him popular among h...
Select the most appropriate antonym of the given word.
Derision
Belonging to or occurring in the present
Select the most appropriate synonym of the given word.
Apposite
A man who has more than one wife at a time.
...He gave a succinct summary of the report.
Fill in the blanks with the appropriate antonym of the word in Italic from the options given:
His loyal friend never betrayed him, unlike his...
Select the most appropriate synonym of the given word.
Barren
Relevant for Exams:
