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With reference to the Goods and Services Tax (GST), consider the following statements:
1. The revenues for November were 25% higher than that in the corresponding month last year and 27% over the pre-pandemic levels of 2019-20.
2. Tax collections from import of goods were 43% higher, while revenues from domestic transactions, including import of services, were 20% higher than the respective collections in November 2020.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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With reference to the Goods and Services Tax (GST), consider the following statements:1. The revenues for November were 25% higher than that in the corresponding month last year and 27% over the pre-pandemic levels of 2019-20.2. Tax collections from import of goods were 43% higher, while revenues from domestic transactions, including import of services, were 20% higher than the respective collections in November 2020.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Goods and Services Tax (GST), consider the following statements:1. The revenues for November were 25% higher than that in the corresponding month last year and 27% over the pre-pandemic levels of 2019-20.2. Tax collections from import of goods were 43% higher, while revenues from domestic transactions, including import of services, were 20% higher than the respective collections in November 2020.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 With reference to the Goods and Services Tax (GST), consider the following statements:1. The revenues for November were 25% higher than that in the corresponding month last year and 27% over the pre-pandemic levels of 2019-20.2. Tax collections from import of goods were 43% higher, while revenues from domestic transactions, including import of services, were 20% higher than the respective collections in November 2020.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 With reference to the Goods and Services Tax (GST), consider the following statements:1. The revenues for November were 25% higher than that in the corresponding month last year and 27% over the pre-pandemic levels of 2019-20.2. Tax collections from import of goods were 43% higher, while revenues from domestic transactions, including import of services, were 20% higher than the respective collections in November 2020.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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