Hello Aspirants.
Welcome to Online General Knowledge section in Affairs cloud, which is important for all the competitive exams. We have created Some questions related to Indian GK(Indian Polity-Based on GST)) !!!
- In which year the GST bill first introduced in the Lok sabha ?
1.2008
2.2014
3.2016
4.2015
5.None of theseAnswer – 2.2014
Explanation :
The Constitution (122nd Amendment) Bill, 2014 was introduced in the Lok Sabha by Finance Minister Arun Jaitley on 19 December 2014, and passed by the House on 6 May 2015. - The Goods and Services Tax Bill or GST Bill, officially known as
1.112 Amendement
2.121 Amendement
3.120 Amendement
4.122 Amendement
5.None of theseAnswer – 4.122 Amendement
Explanation :
The Goods and Services Tax Bill or GST Bill, officially known as The Constitution (One Hundred and twenty second Amendment) Bill, 2014, proposes a national Value added Tax to be implemented in India from 1 April 2017 - The GST Constitution bill was passed by Parliament on
1.6th August 2016.
2.18th May 2016.
3.10th May 2016.
4.8th August 2016.
5.None of theseAnswer – 4.8th August 2016.
Explanation :
The long-delayed GST Constitution bill was passed by Parliament on 8th August 2016. - GST deal with which of the following ?
1.Direct taxes
2.Indirect taxes
3.State level taxes
4.Central level taxes
5.None of theseAnswer – 2.Indirect taxes
Explanation :
GST is one indirect tax for the whole nation, which will make one unified common market. - GST is defined as any tax on supply of goods and services other than
1.Goods
2.Food
3.Medicine
4.Alcohol
5.None of theseAnswer –4.Alcohol
Explanation :
GST is defined as any tax on supply of goods and services other than on alcohol for human consumption. - The GST bill, after ratification by the States, received assent from
1.Chief Justice of India
2.Vice President
3.President
4.Prime Minister
5.None of theseAnswer – 3.President
Explanation :
The GST bill, after ratification by the States, received assent from President Pranab Mukherjee on 8 September 2016 - The GST bill deal with which article of Indian constitution ?
1.Article 245
2.Article 421
3.Article 368
4.Article 360
5.None of theseAnswer – 3.Article 368
Explanation :
The GST bill will go states (15 out of total 29 states) for approval as per Article 368 of Constitution as it constitutional amendment bill dealing with changes in the features of fiscal federalisation - …………….. became the first state to ratify the GST bill
1.Jharkhand
2.Bihar
3.Assam
4.Delhi
5.None of theseAnswer – 3.Assam
Explanation :
On 12 August 2016, Assam became the first state to ratify the bill, when the Assam Legislative Assembly unanimously approved it - GST was first discussed in the report of …………………..
1.Additional Excise Duty
2.Octroi and Entry tax
3.Value Added Tax
4.Kelkar Task Force
5.None of theseAnswer – 4.Kelkar Task Force
Explanation :
GST is introduced in the country after a 13 year long journey since it was first discussed in the report of the Kelkar Task Force on indirect taxes - GST committee is headed by who among the following ?
1.Srikrishna
2.Arvind Subramanian
3.Naresh Chandra
4.Arun Jaitely
5.None of theseAnswer – 2.Arvind Subramanian
Explanation :
Chief economic adviser Arvind Subramanian is heading the panel that has proposed changes in the GST
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