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All questions of Tax structure in India for SSC CGL Exam

What type of tax is Goods and Services Tax (GST) in India?
  • a)
    Direct Tax
  • b)
    Indirect Tax
  • c)
    Progressive Tax
  • d)
    Corporate Tax
Correct answer is option 'B'. Can you explain this answer?

EduRev SSC CGL answered
Goods and Services Tax (GST) in India is an example of an Indirect Tax. It is levied not on income, profit, or revenue but on goods and services consumed by the taxpayer. GST replaced various indirect taxes, such as service tax, sales tax, value-added tax (VAT), central excise duty, and customs duty.

What is the Faceless E-assessment Scheme, 2019 designed to achieve?
  • a)
    Increase human interface
  • b)
    Streamline communication between taxpayers and Assessing Officers
  • c)
    Reduce tax rates
  • d)
    Enhance paperwork
Correct answer is option 'B'. Can you explain this answer?

EduRev SSC CGL answered
The Faceless E-assessment Scheme, 2019 is designed to streamline the communication between taxpayers and Assessing Officers by eliminating the interface between them. This enhances efficiency and transparency in the assessment process.

What major taxation-related reform is introduced by the Taxation Laws (Amendment) Ordinance 2019 for existing domestic companies?
  • a)
    Increase in corporate tax rate
  • b)
    Concessional tax regime
  • c)
    Introduction of Minimum Alternate Tax (MAT)
  • d)
    Abolition of direct taxes
Correct answer is option 'B'. Can you explain this answer?

EduRev SSC CGL answered
The Taxation Laws (Amendment) Ordinance 2019 introduced a concessional tax regime of 22% for all existing domestic companies from FY 2019-20 if they do not avail any specified exemption or incentive. This is aimed at promoting growth and investment.

Under the "Objectives behind Taxation," what is one of the non-revenue objectives of taxation mentioned?
  • a)
    Facilitating imports
  • b)
    Income redistribution
  • c)
    Promoting inflation
  • d)
    Encouraging tax evasion
Correct answer is option 'B'. Can you explain this answer?

EduRev SSC CGL answered
One of the non-revenue objectives of taxation is income redistribution. Taxation is used to reduce inequalities in the distribution of income and wealth, aiming for a more equitable society. This is achieved by imposing taxes in a way that higher-income individuals contribute proportionally more to the government's revenue.

What does the Document Identification Number (DIN) aim to bring to the functioning of the Income Tax Department?
  • a)
    Increased paperwork
  • b)
    Efficiency and transparency
  • c)
    Higher tax rates
  • d)
    Complicated tax laws
Correct answer is option 'B'. Can you explain this answer?

EduRev SSC CGL answered
The Document Identification Number (DIN) aims to bring efficiency and transparency to the functioning of the Income Tax Department. It ensures that every communication issued from a certain date has a computer-generated unique identification number, enhancing accountability and transparency.

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