Which of the following is not true regarding Goods and Services Tax (GST) ? Option 1: It is a single comprehensive direct tax Option 2: It is applicable throughout the country Option 3: It has amalgamated a large number of Central and State taxes and cesses Option 4: It is a destination based consumption tax

The answer is 'It is a single comprehensive direct tax'. View full solution:

CUET Economics - Which of the following is not true regarding Goods and Services Tax (GST) ? | PYQs + Solutions

CUET Economics

Macro

Easy

It is a single comprehensive direct tax

It is applicable throughout the country

It has amalgamated a large number of Central and State taxes and cesses

It is a destination based consumption tax

✅ Correct Option: 1

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Match List-I with List-II

List-I	List-II
(A) Interest received from abroad	(I) revenue expenditure
(B) Partial repayment of loan	(II) capital expenditure
(C) Selling of equity of PSUs by the government	(III) revenue receipt
(D) Salaries given to government employees	(IV) capital receipt

Choose the correct answer from the options given below:

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Receipts of the Government that are non-redeemable and cannot be reclaimed from the Government, are under which type of revenues of Government ?

28 May Shift 2

The month in which the Goods and Services Tax became operational.