Question

Impact of goods and service tax on different sectors of indian economy "pawan kumar singh"

Answer 1

Explanation:

Various tax systems grant a

Various tax systems grant atax exemption

Various tax systems grant atax exemption to certain organizations, persons, income, property or other items taxable under the system.

Various tax systems grant atax exemption to certain organizations, persons, income, property or other items taxable under the system.Tax exemption

Various tax systems grant atax exemption to certain organizations, persons, income, property or other items taxable under the system.Tax exemption may also refer to a personal allowance orspecific monetary exemption which may be claimed by an individual to reducetaxable income under some systems. Tax exempt status may provide a potential taxpayer complete relief fromtax, tax at a reduced rate, or tax on only a portion of the items subject to tax. Examples includeexemption ofcharitable organizations from property taxes and income taxes, exemptions provided to veterans, and exemptions under cross-border or multi-jurisdictional principles. Taxexemption generally refers to a statutory exception to a general rule rather than the mere absenceof taxation in particular circumstances i.e., an exclusion!. Tax exemption also generally refers toremoval from taxation of a particular item or class rather than a reduction of taxable items byway of deduction of other items i.e., a deduction!. Tax exemptions may theoretically be grantedat any governmental level that imposes

Answer 2

Answer:

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• Various tax systems grant a Various tax systems grant atax exemption Various tax systems grant atax exemption to certain organizations, persons, income, property or other items taxable under the system. Various tax systems grant atax exemption to certain organizations, persons, income, property or other items taxable under the system.Tax exemption

• Various tax systems grant atax exemption to certain organizations, persons, income, property or other items taxable under the system.Tax exemption may also refer to a personal allowance orspecific monetary exemption which may be claimed by an individual to reducetaxable income under some systems. Tax exempt status may provide a potential taxpayer complete relief fromtax, tax at a reduced rate, or tax on only a portion of the items subject to tax. Examples includeexemption ofcharitable organizations from property taxes and income taxes, exemptions provided to veterans, and exemptions under cross-border or multi-jurisdictional principles. Taxexemption generally refers to a statutory exception to a general rule rather than the mere absenceof taxation in particular circumstances i.e., an exclusion!. Tax exemption also generally refers toremoval from taxation of a particular item or class rather than a reduction of taxable items byway of deduction of other items i.e., a deduction!. Tax exemptions may theoretically be grantedat any governmental level that imposes

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