Question
Which statement is not correct with respect to the goods
and services tax (GST)?Solution
• GST: • It is known as One Hundred and First Amendment Act, 2016. • GST was in effect in India from 1 July 2017. • It is an Indirect Tax which replaced many Indirect Taxes in India. • Salient features of GST:  GST will be collected by VAT method  States will get compensation for the loss of revenue for a period of five years arising on account of implementation of the Goods and Services Tax. Integrated GST (IGST) will be levied and administered by the centre on every inter- state supply of goods and services.
How much Viability Gap Funding can the Central Government provide for infrastructure projects under PPP?
ABC Inc’s Income statement shows a sale of Rs 2000, COGS of Rs 800, Pre-Interest Operating Expenses of Rs 600 and Interest expenses of Rs 200. Intere...
Which of the following elements cannot be a part of Directing?
If the cost of machinery is Rs.5 lakh, the life of the machinery is expected to be 5 years, and rate of depreciation is 10%, what will be the differenc...
Depreciation would be classified as:
 A microfinance loan borrower is identified as a household having annual household income not exceeding …………………….. Household shall me...
Small Finance Banks’ (SFB) major goal is to promote and provide banking services to the underbanked and underprivileged segments of society, the prop...
The provisions related to CSR are given under which section of the Companies Act 2013?
Which of the following initiatives by RBI has NOT helped in financial inclusion?Â
Which of the following measures the time decay on option premium?
