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Goods and Services Tax


1. 

Which was the first country to implement GST in 1954 and many other European countries introduced GST in 1970-80

Answer : A. France

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2. 

The goods and service tax (GST) is one of the

Answer : B. Indirect Tax

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3. 

The GST was passed in Parliament on 29 March 2017. The act came into effect on

Answer : C. 1st July 2017

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4. 

Which of the following is considered as "One Point Tax"

Answer : C. GST

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5. 

Under which tax one nation, one uniform tax is ensured

Answer : C. Goods and service tax

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6. 

Which of the following statement is correct about GST?
(i) GST is the ‘one point tax’.
(ii) This aims to replace all direct taxes levied on goods and services by the Central and State governments.
(iii) It will be implemented from 1 July 2017 throughout the country.
(iv) It will unified the tax structure in India.

Answer : C. (i), (iii) and (iv) are correct

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