GOODS SERVICE TAX ( GST ) Flashcards

1
Q

WHEN DID GST CAME INTO EXIATENCE

A

1 JULY 2017

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2
Q

GST COME AFTER WHICH AMENDMENT

A

101 (2016)

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3
Q

CONCEPT OF SINGLE COMMON GOODS AND SERVICE TAX GIVEN BY

A

ATAL BIHARI VAJPAYEE

1999

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4
Q

PM VAJPAYEE SET UP COMMITTEE HEADED BY ……..IN ……….TO DESIGN GST

A

FINACE MINISTER - ASIM DASGUPTA
IN WEST BENGAL

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5
Q

FIRST TIME GST RECOMMENDED

A

IN 2005 BY KELKAR TASK FORCE

SET UP BY ATAL BIHARI IN 2003

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6
Q

12 TH FINANCE COMMISION WAS HEADED BY ……..ALSO RECOMMENDED GST

A

C. RANGARAJAN

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7
Q

GST IS SUCCESSOR OF

A

VAT

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8
Q

GST IS DIVIDED INTO 4 TYPES

A

IGST
CGST
SGST
UTST

IGST AND CGST - CENTRE AND SGST AND UTST BY STATE

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9
Q

HAVING HOW MANY SLABS

A

5 MAJOR
0 %
5%
12%
18%
28%

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10
Q

NOT TAXED UNDER GST

A

PETROLEUM PRO.
ALCOHOLIC DRINKS
ELECTRICITY

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11
Q

GST COUNCIL IS APPOINTED BY

A

PRESIDENT - ARTICLE 279A

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12
Q

CHAIRMAN OF GST COUNCIL

A

UNION FIANCE MINISTER

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13
Q

GOODS AND SERVICE TAX NETWORK SET UP IN

A

2013, NEW DELHI

NON PROFIT

ITS HARDWARE AND SOFTWARE ARE DEVELOPED BY INFOSYS LTD

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