Practicing Success
Practicing Success
CUET Preparation Today
Which of the following statement is correct in the context of 'Tax Reforms' in India in the last three decades? |
Goods and Services Tax was implemented to simplify and introduce a unified direct tax system in India. GST is expected to generate additional revenue for the government, reduce tax evasion and create ‘one nation, one tax and one market’ This law came into effect from July 2016. All of the above |
GST is expected to generate additional revenue for the government, reduce tax evasion and create ‘one nation, one tax and one market’ |
In 2016, the Indian Parliament passed a law, Goods and Services Tax Act 2016, to simplify and introduce a unified indirect tax system in India. This law came into effect from July 2017. This is expected to generate additional revenue for the government, reduce tax evasion and create ‘on nation, one tax and one market’. |
