Question

SUB:-INDIRECT TAX BACHELOR OF
COMMERCE SEM VI REV-16 MAY 2021
Question 15 of 50
2 points
(a)]
or a Marat
20% on ot
ie and 150
ST 18% &
To take input tax credit in time, the person
should pay the supplier of goods and
services within
days
of service
Answer:
x 2000 tick
x 1500 tic
Submit​

Answer 1

Answer:

GST the goods and service tax is a reformative financial taxation scheme introduced in Indian constitution for structuring all the business units into the database of tax paying organization with equal consideration. The goods and service tax are implemented to subsume all the indirect taxes. Here we are explaining about all the related aspects of taxation and GST. There are three main components of taxation that are CGST, SGST, and IGST. A brief introduction for the beginners, as exactly what are all these components means and what role they play in the taxation economy of the GST.

GST bill has been passed, Goods and service tax law will comprise of CGST, SGST, and IGST. CGST and IGST will be levied by Central Government and SGST will be levied by State Government.

GST the goods and service tax is a reformative financial taxation scheme introduced in Indian constitution for structuring all the business units into the database of tax paying organization with equal consideration. The goods and service tax are implemented to subsume all the indirect taxes. Here we are explaining about all the related aspects of taxation and GST. There are three main components of taxation that are CGST, SGST, and IGST. A brief introduction for the beginners, as exactly what are all these components means and what role they play in the taxation economy of the GST.

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