Who is the Chairman & Head of the GST council?
Prime Minister
President
Union Finance Minister
State Finance Minister
When does the purchasing power of the people increases?
During Deflation
During inflation
nil
How many types of taxes will be in Indian GST?
2
3
4
5
What is the duration of a Budget ?
Annual
Two Years
Five Years
Ten Years
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
The person who pays tax is called
tax payer
shareholder
tax holder
none of these
An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as
Income estimates
Budget
Accounts
Expenditure
GST introduced in India on
1st January 2017
18th April 2017
1st March 2017
1st July 2017
The most important source of Public revenue is
Interest
Taxes
Licence fee
Divident and profit
___________ is not a direct taxes.
Gift tax
Wealth tax
Income tax
GST
