1. Value Added Tax (VAT) is





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QA->The date on which Indian States implemented Value Added Tax(VAT):....
QA->The first state in India to implement Value Added Tax....
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QA->To which duties is the system of value added taxation applicable?....
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MCQ->Read the given information carefully and answer the given question : Charities do not have charge VAT to customers. Therefore, charity stores can charge lower prices as compared to the other stores, which are not registered as charity. Which of the following statement(s) is/are true? Charity stores pay less tax than non-charity stores VAT leads to increment in prices of things. The stores recover their taxes from the customers Since charities do not charge VAT, their products are of lower quality....
MCQ->Read the given information carefully and answer the given question. Charities do not have charge VAT to customers. Therefore, charity stores can charge lower prices as compared to the other stores, which are not registered as charity. Charity stores pay less tax than non-charity stores VAT leads to increment in prices of things The stores recover their taxes from the customers Since charities do not charge VAT, their products are of lower quality....
MCQ->Which of the following clearly defines what corporate taxes are ? (A)It is a direct tax levied on the income of a company or association (B)It is a tax which is levied to the companies on their production and commonly known as Value Added Tax(VAT) (C)This is the tax levied on the income of the Directors Promoters of a company/association on the profits earned by them during the year....
MCQ-> The English alphabet is divided into five groups. Each group starts with the vowel and the consonants immediately following that vowel and the consonants immediately following that vowel are included in that group. Thus, the letters A, B, C, D will be in the first group, the letters E, F, G, H will be in the second group and so on. The value of the first group is fixed as 10, the second group as 20 and so on. The value of the last group is fixed as 50. In a group, the value of each letter will be the value of that group. To calculate the value of a word, you should give the same value of each of the letters as the value of the group to which a particular letter belongs and then add all the letters of the word: If all the letters in the word belong to one group only, then the value of that word will be equal to the product of the number of letters in the word and the value of the group to which the letters belong. However, if the letters of the words belong to different groups, then first write the value of all the letters. The value of the word would be equal to the sum of the value of the first letter and double the sum of the values of the remaining letters.For Example : The value of word ‘CAB’ will be equal to 10 + 10 + 10 = 30, because all the three letters (the first letter and the remaining two) belong to the first group and so the value of each letter is 10. The value of letter BUT = $$10 + 2 \times 40 + 2 \times 50 = 190$$ because the value of first letter B is 10, the value of T = 2 $$\times$$ 40 (T belongs to the fourth group) and the value of U = 2 $$\times$$ 50 (U belongs to the fifth group). Now calculate the value of each word given in questions 161 to 165 :AGE
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MCQ->Which of the following statements about the India’s tax-GDP ratio is True ? A. India’s tax-GDP ratio is highest in the world. B. India’s tax-GDP ratio is 56%, which is the lowest in the world. C. India’s tax-GDP ratio is lowest in the World and as a result very less of the value added to the economy goes in the hands of the Government.....
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