Out of the following. which are not the features of GST 2017 in India. (A) GST is applicable on 'supply' of Goods and Services. (B) GST is based on the principle of origin based taxation rather than principle of destination based consumption. (C) Import of Goods is treated as Inter-State supplies and would be subject to IGST in addition to applicable Custom Duties. (D) It is a dual taxation with Centre and State simultaneously levying it on a common base. (E) GST is applicable to all Goods and Services without any exemptions. Choose the correct answer from the options given below:
(B), (E) only
GST is destination-based, not origin-based, and it includes exemptions and items outside its scope. Therefore B and E are incorrect; supply, import treatment and the dual levy are the standard features described.
Important Questions from Goods and Services Tax (GST)
In the 25th GST Council Meeting, held before the Budget 2018, rates for how many goods have been reduced?
- Since December 2022, the functions of the National Anti-Profiteering Authority established in association with GST reforms have been transferred to which body in India?
- Uninterrupted and seamless chain of Input Tax Credit (ITC) is a mechanism to avoid cascading of taxes in which of the following taxes?
Which Article of the Constitution of India empowers the Indian President to constitute a GST Council by an order?
The idea of a nationwide GST in India was first proposed by which of the following?
