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Recently, the Union Cabinet has approved the four GST related bills. Consider the following statements regarding these bills:I. The Compensation Bill provides for compensation to the states for loss of revenue arising on account of implementation of the goods and services tax for a period of five years.II. The Union Territory Goods and Services Tax Bill make provisions for levy and collection of tax on inter-state supply of goods or services or both by the Central Government.III. The Integrated Goods and Services Tax Bill make provisions for the levy on the collection of tax on intra-UT supply of goods and services in the Union Territories without the legislature.Which of the above statements is correct?a) I and IIb) II and IIIc) Only Id) I, II and IIICorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Recently, the Union Cabinet has approved the four GST related bills. Consider the following statements regarding these bills:I. The Compensation Bill provides for compensation to the states for loss of revenue arising on account of implementation of the goods and services tax for a period of five years.II. The Union Territory Goods and Services Tax Bill make provisions for levy and collection of tax on inter-state supply of goods or services or both by the Central Government.III. The Integrated Goods and Services Tax Bill make provisions for the levy on the collection of tax on intra-UT supply of goods and services in the Union Territories without the legislature.Which of the above statements is correct?a) I and IIb) II and IIIc) Only Id) I, II and IIICorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Recently, the Union Cabinet has approved the four GST related bills. Consider the following statements regarding these bills:I. The Compensation Bill provides for compensation to the states for loss of revenue arising on account of implementation of the goods and services tax for a period of five years.II. The Union Territory Goods and Services Tax Bill make provisions for levy and collection of tax on inter-state supply of goods or services or both by the Central Government.III. The Integrated Goods and Services Tax Bill make provisions for the levy on the collection of tax on intra-UT supply of goods and services in the Union Territories without the legislature.Which of the above statements is correct?a) I and IIb) II and IIIc) Only Id) I, II and IIICorrect answer is option 'C'. Can you explain this answer?.

Solutions for Recently, the Union Cabinet has approved the four GST related bills. Consider the following statements regarding these bills:I. The Compensation Bill provides for compensation to the states for loss of revenue arising on account of implementation of the goods and services tax for a period of five years.II. The Union Territory Goods and Services Tax Bill make provisions for levy and collection of tax on inter-state supply of goods or services or both by the Central Government.III. The Integrated Goods and Services Tax Bill make provisions for the levy on the collection of tax on intra-UT supply of goods and services in the Union Territories without the legislature.Which of the above statements is correct?a) I and IIb) II and IIIc) Only Id) I, II and IIICorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Recently, the Union Cabinet has approved the four GST related bills. Consider the following statements regarding these bills:I. The Compensation Bill provides for compensation to the states for loss of revenue arising on account of implementation of the goods and services tax for a period of five years.II. The Union Territory Goods and Services Tax Bill make provisions for levy and collection of tax on inter-state supply of goods or services or both by the Central Government.III. The Integrated Goods and Services Tax Bill make provisions for the levy on the collection of tax on intra-UT supply of goods and services in the Union Territories without the legislature.Which of the above statements is correct?a) I and IIb) II and IIIc) Only Id) I, II and IIICorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Recently, the Union Cabinet has approved the four GST related bills. Consider the following statements regarding these bills:I. The Compensation Bill provides for compensation to the states for loss of revenue arising on account of implementation of the goods and services tax for a period of five years.II. The Union Territory Goods and Services Tax Bill make provisions for levy and collection of tax on inter-state supply of goods or services or both by the Central Government.III. The Integrated Goods and Services Tax Bill make provisions for the levy on the collection of tax on intra-UT supply of goods and services in the Union Territories without the legislature.Which of the above statements is correct?a) I and IIb) II and IIIc) Only Id) I, II and IIICorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Recently, the Union Cabinet has approved the four GST related bills. Consider the following statements regarding these bills:I. The Compensation Bill provides for compensation to the states for loss of revenue arising on account of implementation of the goods and services tax for a period of five years.II. The Union Territory Goods and Services Tax Bill make provisions for levy and collection of tax on inter-state supply of goods or services or both by the Central Government.III. The Integrated Goods and Services Tax Bill make provisions for the levy on the collection of tax on intra-UT supply of goods and services in the Union Territories without the legislature.Which of the above statements is correct?a) I and IIb) II and IIIc) Only Id) I, II and IIICorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Recently, the Union Cabinet has approved the four GST related bills. Consider the following statements regarding these bills:I. The Compensation Bill provides for compensation to the states for loss of revenue arising on account of implementation of the goods and services tax for a period of five years.II. The Union Territory Goods and Services Tax Bill make provisions for levy and collection of tax on inter-state supply of goods or services or both by the Central Government.III. The Integrated Goods and Services Tax Bill make provisions for the levy on the collection of tax on intra-UT supply of goods and services in the Union Territories without the legislature.Which of the above statements is correct?a) I and IIb) II and IIIc) Only Id) I, II and IIICorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Recently, the Union Cabinet has approved the four GST related bills. Consider the following statements regarding these bills:I. The Compensation Bill provides for compensation to the states for loss of revenue arising on account of implementation of the goods and services tax for a period of five years.II. The Union Territory Goods and Services Tax Bill make provisions for levy and collection of tax on inter-state supply of goods or services or both by the Central Government.III. The Integrated Goods and Services Tax Bill make provisions for the levy on the collection of tax on intra-UT supply of goods and services in the Union Territories without the legislature.Which of the above statements is correct?a) I and IIb) II and IIIc) Only Id) I, II and IIICorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.