Question

Under GST "Value Addition Refers to Expenses "Plus" Profit Cost "Plus Tax Cost Plus Tax "Plus" Profit Tax Plus Profit​

Answer 1

Answer:

QuestionOption1Option2Option3Option4GST was introduced in India with effect from1.1.20171.4.20171.1.20181.7.2017GST was introduced in Jammu

Answer 2

Answer:

• A value added tax (VAT) is also known as a Goods and Services Tax (GST), it is a type of tax that is levied incrementally. It is taxed on the value of a product or service at every stage of production, distribution or sale to the ultimate buyer.
• If the ultimate consumer is a management that collects and pays the government. VAT on the product or service, it can claim the tax paid and it is similar to a sales tax and is usually compared.
• VAT primarily compensates for the shared services and infrastructure provided in a very safe neighborhood by a state and funded by its taxpayers that have gone into the availability of that product or service.
• The amount of VAT is determined by the state as part of the value of the products or services provided.
• As the name suggests, the special tax is intended to tax only the commercial value of a company in addition to the services and goods that it has to buy on the market.

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