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.
A statement is followed by two conclusions, numbered I and II. Find out which of the following conclusion(s) is/are true based on the given statements.<...
Select the option that is related to the third word in the same way as the second word is related to the first word.
(The words must be considere...
Statements:
All plants are vegetables.
Some plants are poisonous.
Conclusions:
I. All vegetables are poisonous.
I...
Six people C, D, E, K, L and M are each of a different height. E is shorter than only L. Only one person is shorter than C. K is shorter than D but tall...
Select the option that is related to the fifth number in the same way as the second number is related to the first number and the fourth number is relat...
‘Water’ is related to ‘Filter’ in the same way as ‘Film’ is related to ‘______’.
The sequence of folding a piece of paper and the manner in which the folded paper is cut is shown in the following figures. How would this paper look wh...
What should come in place of the question mark (?) in the given series?
216 219 224 227 232 ?
In a certain code language, ‘ACTION’ is written as ‘DFWFLK’ and ‘BISHOP’ is written as ‘ELVELM’. How will ‘MATTER’ be written in tha...
‘A # B’ means ‘A is the brother of B’.
‘A @ B’ means ‘A is the daughter of B’.
‘A & B’ means ‘A is the husband of B�...
