GST rates applicable on goods and services are
0% 5% 12% 18% 28%
0% 6% 12% 18% 28%
0% 5% 12% 18% 26%
None of these
___________ is not a direct taxes.
Gift tax
Wealth tax
Income tax
GST
When was India's first Budget introduced?
7 April 1860
1 February 1948
26 November 1947
12 October 1947
In India the income tax is collected by the central government as per the Income Tax Act
1922
1961
1860
Fiscal Policy of India is formulated by
the Finance Ministry
the Reserve Bank of India
the Securities and Exchange Board of India
the Planning Commission
__________ is an additional tax on tax amount.
Surcharge
Cess
Grant
None of the above
Who was the first Prime Minister to present the Union Budget?
Indira Gandhi
Jawaharlal Nehru
Raji Gandhi
Which of the following is the major source of Government revenue
Indirect tax
Direct tax
Interest
Divident and Profit
When income is more than expenditure, it is called
Balanced Budget
Deficit Budget
Surplus Budget
Tax is imposed on a person by
State govt
Central govt
Bothe the above
