Question
Which of the following does NOT come under the purview of 'paper taxes'?
This question was previously asked in
SSC Selection Post 2021 Question Paper (09-Feb-2022) (Shift-1)
The correct answer is
Excise tax
The correct answer is Excise tax.
Potential for tax evasion or avoidance through asset transfer or hiding. Possible negative impacts on capital formation or encouraging capital flight. Administrative complexity and high collection costs relative to revenue generated. Excise taxes, on the other hand, are generally seen as easier to collect as they are levied at specific points in the production or supply chain (e.g., factory gate, import point) and are included in the price paid by the consumer.
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Important Questions from Goods and Services Tax (GST)
- Which tax was introduced in July 2017 to replace multiple indirect taxes in India as part of fiscal reforms?
- In which of the following years was the Central Goods and Services Tax Act enacted?
- What is the weightage of the vote of the Central government in the GST council?
- Who among the following acts as the ex-officio Secretary to the GST Council?
What has been kept under the purview of Goods and Services Tax (GST)?
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