[Solved] Which of the following is statement is not correct about GST?

McqMate

Q.	Which of the following is statement is not correct about GST?
A.	GST is like a last-point retail tax. GST is going to be collected at point of Sale.
B.	GST will abolish all the direct tax levied in India .
C.	It will be implemented from 1 July, 2017 throughout the country.
D.	It will unified the tax structure in India
Answer» B. GST will abolish all the direct tax levied in India .

875

0

Do you find this helpful?

1

View all MCQs in

Goods and Services Tax (GST)

Discussion

No comments yet

Related MCQs

Input tax credit under GST (Compensation to States) Act, 2017 includes GST Compensation Cess charged on any supply of
. As per GST Law only citizen of India can act at as GST practitioner
Which of the following are benefits of GST? 1) Creation of unified national market 2) Boost to ‘Make in India' initiative 3) Reduction of compliance burden on taxpayers 4) Buoyancy to the Government Revenue 5) Elimination of multiple taxes and double taxation Select the correct answer from the options given below
. Which of the following forms part of transaction value? 1) GST compensation cess 2) Payments made to third parties by the recipient on behalf of the supplier in relation to the supply 3) Entertainment tax levied by local authority 4) Commission paid to an agent and recovered from the recipient 5) Inspection charges at recipient’s site 6) Charges for delay in payment waived off by supplier State the correct answer from the options given below
Which of the following tax rate is not applicable under the GST?
Which of the following good will not be covered under the GST bill?
Which of the following tax is not subsumed in GST?
Registration under GST is not compulsory to
GST Offences related to Fraudulent Intent includes which of the following?
GST Penalties', which of the following term explain it with suitability?