GST Flashcards

1
Q

Through which legislation was GST introduced in India?

A

101st Amendment Act, 2016

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

As per which article of the Indian constitution is the GST council formed?

A

Article 279A - GST Council to be formed by the President to administer & govern GST

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What are the 4 tax slabs of GST?

A

5%, 12%, 18% and 28%.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What was the Slogan for GST ?

A

One nation One tax

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Which of the following is true as per GST council?

A

a)The Union Minister of Finance is the chairperson of the GST council and one among the 2 representatives of the centre in the council
b)The GST council consists of 33 members.(one from each legislative state and UT)
c)The recommendations of the GST council is not binding as per SC order passed in May,2022
d)All of the above

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Which are the goods exempted from GST taxation?

A

Petroleum ,Tobacco,Liquor and Electricity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

From which date was GST applicable?

A

1st July 2017

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

which of the following is not true?

A

a) GST council is the first Federal institution of India
b)GST is a destination based Tax
c)Both A and B
d) neither A and B

How well did you know this?
1
Not at all
2
3
4
5
Perfectly