Question Description
Goods and Services Tax (GST) is an indirect tax introduced in India in 2017 that is imposed on the supply of goods and services, and it subsumes all indirect taxes except few. It is a destination-based tax imposed on goods and services used, and it is not imposed at the point of origin from where goods come. GST also has a few components specific to state governments, central government and Union Territories (UTs).Which one of the following statements can be inferred from the given passage?a)GST is imposed on the production of goods and services.b)GST does not have a component specific to UT.c)GST is imposed at the point of usage of goods and services.d)GST includes all indirect taxes.Correct answer is option 'C'. Can you explain this answer? for GATE 2024 is part of GATE preparation. The Question and answers have been prepared according to the GATE exam syllabus. Information about Goods and Services Tax (GST) is an indirect tax introduced in India in 2017 that is imposed on the supply of goods and services, and it subsumes all indirect taxes except few. It is a destination-based tax imposed on goods and services used, and it is not imposed at the point of origin from where goods come. GST also has a few components specific to state governments, central government and Union Territories (UTs).Which one of the following statements can be inferred from the given passage?a)GST is imposed on the production of goods and services.b)GST does not have a component specific to UT.c)GST is imposed at the point of usage of goods and services.d)GST includes all indirect taxes.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for GATE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Goods and Services Tax (GST) is an indirect tax introduced in India in 2017 that is imposed on the supply of goods and services, and it subsumes all indirect taxes except few. It is a destination-based tax imposed on goods and services used, and it is not imposed at the point of origin from where goods come. GST also has a few components specific to state governments, central government and Union Territories (UTs).Which one of the following statements can be inferred from the given passage?a)GST is imposed on the production of goods and services.b)GST does not have a component specific to UT.c)GST is imposed at the point of usage of goods and services.d)GST includes all indirect taxes.Correct answer is option 'C'. Can you explain this answer?.

Solutions for Goods and Services Tax (GST) is an indirect tax introduced in India in 2017 that is imposed on the supply of goods and services, and it subsumes all indirect taxes except few. It is a destination-based tax imposed on goods and services used, and it is not imposed at the point of origin from where goods come. GST also has a few components specific to state governments, central government and Union Territories (UTs).Which one of the following statements can be inferred from the given passage?a)GST is imposed on the production of goods and services.b)GST does not have a component specific to UT.c)GST is imposed at the point of usage of goods and services.d)GST includes all indirect taxes.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for GATE. Download more important topics, notes, lectures and mock test series for GATE Exam by signing up for free.

Here you can find the meaning of Goods and Services Tax (GST) is an indirect tax introduced in India in 2017 that is imposed on the supply of goods and services, and it subsumes all indirect taxes except few. It is a destination-based tax imposed on goods and services used, and it is not imposed at the point of origin from where goods come. GST also has a few components specific to state governments, central government and Union Territories (UTs).Which one of the following statements can be inferred from the given passage?a)GST is imposed on the production of goods and services.b)GST does not have a component specific to UT.c)GST is imposed at the point of usage of goods and services.d)GST includes all indirect taxes.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Goods and Services Tax (GST) is an indirect tax introduced in India in 2017 that is imposed on the supply of goods and services, and it subsumes all indirect taxes except few. It is a destination-based tax imposed on goods and services used, and it is not imposed at the point of origin from where goods come. GST also has a few components specific to state governments, central government and Union Territories (UTs).Which one of the following statements can be inferred from the given passage?a)GST is imposed on the production of goods and services.b)GST does not have a component specific to UT.c)GST is imposed at the point of usage of goods and services.d)GST includes all indirect taxes.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Goods and Services Tax (GST) is an indirect tax introduced in India in 2017 that is imposed on the supply of goods and services, and it subsumes all indirect taxes except few. It is a destination-based tax imposed on goods and services used, and it is not imposed at the point of origin from where goods come. GST also has a few components specific to state governments, central government and Union Territories (UTs).Which one of the following statements can be inferred from the given passage?a)GST is imposed on the production of goods and services.b)GST does not have a component specific to UT.c)GST is imposed at the point of usage of goods and services.d)GST includes all indirect taxes.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Goods and Services Tax (GST) is an indirect tax introduced in India in 2017 that is imposed on the supply of goods and services, and it subsumes all indirect taxes except few. It is a destination-based tax imposed on goods and services used, and it is not imposed at the point of origin from where goods come. GST also has a few components specific to state governments, central government and Union Territories (UTs).Which one of the following statements can be inferred from the given passage?a)GST is imposed on the production of goods and services.b)GST does not have a component specific to UT.c)GST is imposed at the point of usage of goods and services.d)GST includes all indirect taxes.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Goods and Services Tax (GST) is an indirect tax introduced in India in 2017 that is imposed on the supply of goods and services, and it subsumes all indirect taxes except few. It is a destination-based tax imposed on goods and services used, and it is not imposed at the point of origin from where goods come. GST also has a few components specific to state governments, central government and Union Territories (UTs).Which one of the following statements can be inferred from the given passage?a)GST is imposed on the production of goods and services.b)GST does not have a component specific to UT.c)GST is imposed at the point of usage of goods and services.d)GST includes all indirect taxes.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice GATE tests.