Question
In which of the following years was the Goods and
Services Tax (Compensation to States) Bill passed?Solution
The GST (Compensation to States) Bill was passed in 2017 to ensure states are compensated for any revenue losses due to the introduction of GST. Key Points: 1. GST was implemented on July 1, 2017. 2. It subsumed indirect taxes like VAT, excise, and service tax. 3. Compensation is provided for five years from 2017. 4. Ensures smooth transition to a unified tax regime. 5. It is a landmark reform in indirect taxation in India. Bee Facts: • 2007 (a): Proposed during UPA government discussions. • 2014 (b): BJP began the legislative process for GST. • 2017 (c): GST Act enacted. • 2002 (d): Not related to GST reforms.
The average of 6 numbers is 35. If one of the numbers 29 is replaced by 41, what will be the new average of the 6 numbers?
Each question contains a statement followed by Quantity I and II. Read the information clearly and answer your questions accordingly.Â
 Quan...
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The average of 8 consecutive odd numbers is 20. If the odd numbers immediately before and after this sequence of 8 odd numbers ar...
The average of a set of 's' numbers is 45. If 180 is added to the set, then the average of the set becomes 45.2. Find the value of '4 X (s - 18)'.
Average run scored by a batsman in first ‘x’ matches is 88. In next 10 matches he scored runs with an average of 100 so that his over...
The average salary of a group of 12 employees is Rs. 60,000. When one employee departs, the average salary of the remaining 11 employees drops by Rs. 2,...
Shivam bought 22 notebooks for Rs.1290 from shop A and 13 notebooks for Rs.1335 from shop B. What is the average price he paid per book?
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