Wealth tax and gift tax have never bought in large amount of revenue for the government and thus are referred to as _______.

Items under 5% tax slab includes

Which of the following is an example of Goods and service tax (GST)

Goods or services that are collectively consumed; it is not possible to exclude anyone from enjoying their benefits and one person's consumption does not affect consumption of others. What type of good they are?

All those elements which create liability and decrease the assets of government are known as :

Identify the correct statements from the following:

A. Revenue expenditure is any lay out that result in a decrease in financial assets or an increase in financial liabilities

B. Capital expenditure is expenditure which results in creation of financial assets or reduction in financial liabilities

C. Capital receipts are receipts which leads to reduction in financial assets or creation of liability

D. Revenue receipts are receipts which lead to decrease in financial assets or increase of financial liability

E. Revenue receipts are receipts which neither lead to reduction in financial assets nor creation of financial liability

Choose the correct answer from the options given below:

Match List - I with List - II.

Choose the correct answer from the options given below :