How is the GST going to be administered?
Download our app for free and get startedPlay store
It is the Goods and Services Tax Council, (a 21 member select committee) headed by the Union Finance Minister and represented by the State Finance Ministers, who decide on the rates as per the proposed GST law.
art

Download our app
and get started for free

Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*

Similar Questions

  • 1
    What is debt trap? Suggest measures to control such situation.
    View Solution
  • 2
    It is not only difficult but impossible to tax all those who should be taxed, in India. Why?
    View Solution
  • 3
    What is government budget? Give the meaning of:
    1. Revenue deficit.
    2. Fiscal deficit.
    View Solution
  • 4
    Is balanced budget good for India?
    View Solution
  • 5
    Giving reasons, classify the following into revenue receipts and capital receipts:
    1. Recovery of loans.
    2. Profits of public sector undertakings.
    3. Borrowings.
    View Solution
  • 6
    Giving reasons, classify the following into direct and indirect tax:
    1. Wealth tax.
    2. Value added tax.
    3. Entertainment tax.
    4. Income tax.
    View Solution
  • 7
    Classify the following items into revenue expenditure and capital expenditure. Give reason for your answer.
    1. Free supply of stationary to the students by the government.
    2. Economic assistance given according to Ladli scheme.
    3. Expenditure on the construction of computer lab in school by the government.
    4. Expenditure on Mid Day Meal given to students by the government.
    View Solution
  • 8
    Calculate revenue deficit from the following data:
    S. No. Items  ₹(in crore)
    (i) Revenue receipts 50,000
    (ii) Revenue expenditure 60,000
    View Solution
  • 9
    How can a government budget help in reducing inequalities of income? Explain.
    View Solution
  • 10
    A person claims that he should be exempted from tax payment as he does not use any government services in general. Should the person be allowed to do so?
    View Solution
How is the GST going to be administered?