Question Description
Direction: Read the following passage carefully and answer the questions given below:India’s Goods and Services Tax (GST) revenues in January 2023 touched nearly 1.56 lakh crore by Tuesday evening, marking the second-highest monthly collections recorded since the launch of the indirect tax regime. January’s GST kitty, which is likely to be revised upwards, is 10.6% higher than a year ago and 4.3% over December’s collections, marking the 11th month in a row that revenues were over 1.4 lakh crore. The highest revenues so far under the GST system were recorded in April 2022, when tax inflows were 1,67,540 crore.For the first ten months of 2022-23, GST revenues are now 24% higher than a year ago, with goods imports yielding 29% more GST revenue and domestic transactions (including import of services) rising 22%.The Government has settled 38,507 crore to Central GST (CGST) and 32,624 crore to State GST (SGST) from the Integrated GST as regular settlement. The total revenue of Centre and the States in the month of January 2023 after regular settlement is 67,470 crore for CGST and 69,354 crore for the SGST,” the Ministry said.[Extracted, with edits and revisions, from: “1.56-lakh-crore GST mop-up in January second highest so far”, by Vikas Dhoot, The Hindu]Q.Under which Article of the Indian Constitution does the President possess the power to establish a Goods and Services Tax (GST) Council through an order?a)Article 266b)Article 279Ac)Article 370d)Article 51ACorrect answer is option 'B'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Direction: Read the following passage carefully and answer the questions given below:India’s Goods and Services Tax (GST) revenues in January 2023 touched nearly 1.56 lakh crore by Tuesday evening, marking the second-highest monthly collections recorded since the launch of the indirect tax regime. January’s GST kitty, which is likely to be revised upwards, is 10.6% higher than a year ago and 4.3% over December’s collections, marking the 11th month in a row that revenues were over 1.4 lakh crore. The highest revenues so far under the GST system were recorded in April 2022, when tax inflows were 1,67,540 crore.For the first ten months of 2022-23, GST revenues are now 24% higher than a year ago, with goods imports yielding 29% more GST revenue and domestic transactions (including import of services) rising 22%.The Government has settled 38,507 crore to Central GST (CGST) and 32,624 crore to State GST (SGST) from the Integrated GST as regular settlement. The total revenue of Centre and the States in the month of January 2023 after regular settlement is 67,470 crore for CGST and 69,354 crore for the SGST,” the Ministry said.[Extracted, with edits and revisions, from: “1.56-lakh-crore GST mop-up in January second highest so far”, by Vikas Dhoot, The Hindu]Q.Under which Article of the Indian Constitution does the President possess the power to establish a Goods and Services Tax (GST) Council through an order?a)Article 266b)Article 279Ac)Article 370d)Article 51ACorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the following passage carefully and answer the questions given below:India’s Goods and Services Tax (GST) revenues in January 2023 touched nearly 1.56 lakh crore by Tuesday evening, marking the second-highest monthly collections recorded since the launch of the indirect tax regime. January’s GST kitty, which is likely to be revised upwards, is 10.6% higher than a year ago and 4.3% over December’s collections, marking the 11th month in a row that revenues were over 1.4 lakh crore. The highest revenues so far under the GST system were recorded in April 2022, when tax inflows were 1,67,540 crore.For the first ten months of 2022-23, GST revenues are now 24% higher than a year ago, with goods imports yielding 29% more GST revenue and domestic transactions (including import of services) rising 22%.The Government has settled 38,507 crore to Central GST (CGST) and 32,624 crore to State GST (SGST) from the Integrated GST as regular settlement. The total revenue of Centre and the States in the month of January 2023 after regular settlement is 67,470 crore for CGST and 69,354 crore for the SGST,” the Ministry said.[Extracted, with edits and revisions, from: “1.56-lakh-crore GST mop-up in January second highest so far”, by Vikas Dhoot, The Hindu]Q.Under which Article of the Indian Constitution does the President possess the power to establish a Goods and Services Tax (GST) Council through an order?a)Article 266b)Article 279Ac)Article 370d)Article 51ACorrect answer is option 'B'. Can you explain this answer?.

Solutions for Direction: Read the following passage carefully and answer the questions given below:India’s Goods and Services Tax (GST) revenues in January 2023 touched nearly 1.56 lakh crore by Tuesday evening, marking the second-highest monthly collections recorded since the launch of the indirect tax regime. January’s GST kitty, which is likely to be revised upwards, is 10.6% higher than a year ago and 4.3% over December’s collections, marking the 11th month in a row that revenues were over 1.4 lakh crore. The highest revenues so far under the GST system were recorded in April 2022, when tax inflows were 1,67,540 crore.For the first ten months of 2022-23, GST revenues are now 24% higher than a year ago, with goods imports yielding 29% more GST revenue and domestic transactions (including import of services) rising 22%.The Government has settled 38,507 crore to Central GST (CGST) and 32,624 crore to State GST (SGST) from the Integrated GST as regular settlement. The total revenue of Centre and the States in the month of January 2023 after regular settlement is 67,470 crore for CGST and 69,354 crore for the SGST,” the Ministry said.[Extracted, with edits and revisions, from: “1.56-lakh-crore GST mop-up in January second highest so far”, by Vikas Dhoot, The Hindu]Q.Under which Article of the Indian Constitution does the President possess the power to establish a Goods and Services Tax (GST) Council through an order?a)Article 266b)Article 279Ac)Article 370d)Article 51ACorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of Direction: Read the following passage carefully and answer the questions given below:India’s Goods and Services Tax (GST) revenues in January 2023 touched nearly 1.56 lakh crore by Tuesday evening, marking the second-highest monthly collections recorded since the launch of the indirect tax regime. January’s GST kitty, which is likely to be revised upwards, is 10.6% higher than a year ago and 4.3% over December’s collections, marking the 11th month in a row that revenues were over 1.4 lakh crore. The highest revenues so far under the GST system were recorded in April 2022, when tax inflows were 1,67,540 crore.For the first ten months of 2022-23, GST revenues are now 24% higher than a year ago, with goods imports yielding 29% more GST revenue and domestic transactions (including import of services) rising 22%.The Government has settled 38,507 crore to Central GST (CGST) and 32,624 crore to State GST (SGST) from the Integrated GST as regular settlement. The total revenue of Centre and the States in the month of January 2023 after regular settlement is 67,470 crore for CGST and 69,354 crore for the SGST,” the Ministry said.[Extracted, with edits and revisions, from: “1.56-lakh-crore GST mop-up in January second highest so far”, by Vikas Dhoot, The Hindu]Q.Under which Article of the Indian Constitution does the President possess the power to establish a Goods and Services Tax (GST) Council through an order?a)Article 266b)Article 279Ac)Article 370d)Article 51ACorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: Read the following passage carefully and answer the questions given below:India’s Goods and Services Tax (GST) revenues in January 2023 touched nearly 1.56 lakh crore by Tuesday evening, marking the second-highest monthly collections recorded since the launch of the indirect tax regime. January’s GST kitty, which is likely to be revised upwards, is 10.6% higher than a year ago and 4.3% over December’s collections, marking the 11th month in a row that revenues were over 1.4 lakh crore. The highest revenues so far under the GST system were recorded in April 2022, when tax inflows were 1,67,540 crore.For the first ten months of 2022-23, GST revenues are now 24% higher than a year ago, with goods imports yielding 29% more GST revenue and domestic transactions (including import of services) rising 22%.The Government has settled 38,507 crore to Central GST (CGST) and 32,624 crore to State GST (SGST) from the Integrated GST as regular settlement. The total revenue of Centre and the States in the month of January 2023 after regular settlement is 67,470 crore for CGST and 69,354 crore for the SGST,” the Ministry said.[Extracted, with edits and revisions, from: “1.56-lakh-crore GST mop-up in January second highest so far”, by Vikas Dhoot, The Hindu]Q.Under which Article of the Indian Constitution does the President possess the power to establish a Goods and Services Tax (GST) Council through an order?a)Article 266b)Article 279Ac)Article 370d)Article 51ACorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Direction: Read the following passage carefully and answer the questions given below:India’s Goods and Services Tax (GST) revenues in January 2023 touched nearly 1.56 lakh crore by Tuesday evening, marking the second-highest monthly collections recorded since the launch of the indirect tax regime. January’s GST kitty, which is likely to be revised upwards, is 10.6% higher than a year ago and 4.3% over December’s collections, marking the 11th month in a row that revenues were over 1.4 lakh crore. The highest revenues so far under the GST system were recorded in April 2022, when tax inflows were 1,67,540 crore.For the first ten months of 2022-23, GST revenues are now 24% higher than a year ago, with goods imports yielding 29% more GST revenue and domestic transactions (including import of services) rising 22%.The Government has settled 38,507 crore to Central GST (CGST) and 32,624 crore to State GST (SGST) from the Integrated GST as regular settlement. The total revenue of Centre and the States in the month of January 2023 after regular settlement is 67,470 crore for CGST and 69,354 crore for the SGST,” the Ministry said.[Extracted, with edits and revisions, from: “1.56-lakh-crore GST mop-up in January second highest so far”, by Vikas Dhoot, The Hindu]Q.Under which Article of the Indian Constitution does the President possess the power to establish a Goods and Services Tax (GST) Council through an order?a)Article 266b)Article 279Ac)Article 370d)Article 51ACorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Direction: Read the following passage carefully and answer the questions given below:India’s Goods and Services Tax (GST) revenues in January 2023 touched nearly 1.56 lakh crore by Tuesday evening, marking the second-highest monthly collections recorded since the launch of the indirect tax regime. January’s GST kitty, which is likely to be revised upwards, is 10.6% higher than a year ago and 4.3% over December’s collections, marking the 11th month in a row that revenues were over 1.4 lakh crore. The highest revenues so far under the GST system were recorded in April 2022, when tax inflows were 1,67,540 crore.For the first ten months of 2022-23, GST revenues are now 24% higher than a year ago, with goods imports yielding 29% more GST revenue and domestic transactions (including import of services) rising 22%.The Government has settled 38,507 crore to Central GST (CGST) and 32,624 crore to State GST (SGST) from the Integrated GST as regular settlement. The total revenue of Centre and the States in the month of January 2023 after regular settlement is 67,470 crore for CGST and 69,354 crore for the SGST,” the Ministry said.[Extracted, with edits and revisions, from: “1.56-lakh-crore GST mop-up in January second highest so far”, by Vikas Dhoot, The Hindu]Q.Under which Article of the Indian Constitution does the President possess the power to establish a Goods and Services Tax (GST) Council through an order?a)Article 266b)Article 279Ac)Article 370d)Article 51ACorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Read the following passage carefully and answer the questions given below:India’s Goods and Services Tax (GST) revenues in January 2023 touched nearly 1.56 lakh crore by Tuesday evening, marking the second-highest monthly collections recorded since the launch of the indirect tax regime. January’s GST kitty, which is likely to be revised upwards, is 10.6% higher than a year ago and 4.3% over December’s collections, marking the 11th month in a row that revenues were over 1.4 lakh crore. The highest revenues so far under the GST system were recorded in April 2022, when tax inflows were 1,67,540 crore.For the first ten months of 2022-23, GST revenues are now 24% higher than a year ago, with goods imports yielding 29% more GST revenue and domestic transactions (including import of services) rising 22%.The Government has settled 38,507 crore to Central GST (CGST) and 32,624 crore to State GST (SGST) from the Integrated GST as regular settlement. The total revenue of Centre and the States in the month of January 2023 after regular settlement is 67,470 crore for CGST and 69,354 crore for the SGST,” the Ministry said.[Extracted, with edits and revisions, from: “1.56-lakh-crore GST mop-up in January second highest so far”, by Vikas Dhoot, The Hindu]Q.Under which Article of the Indian Constitution does the President possess the power to establish a Goods and Services Tax (GST) Council through an order?a)Article 266b)Article 279Ac)Article 370d)Article 51ACorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CLAT tests.