GST is a consumption of goods and service tax based on
GST (Goods and Services Tax) is a consumption tax based on the "destination" principle. In the context of GST, "destination" means that the tax is levied and collected at the final point of consumption, i.e., where the goods or services are ultimately consumed by the end consumer. The tax is collected by the state or union territory where the consumption takes place. Under the destination-based GST system, the tax is applied and collected throughout the supply chain, but the liability to pay the tax rests on the entity that supplies the goods or services to the final consumer. This ensures that the tax burden is borne by the end consumer rather than being shifted along the supply chain. The destination-based principle is an essential aspect of GST, as it prevents cascading of taxes (tax-on-tax) and promotes a more efficient tax structure by ensuring that taxes are levied only once, at the point of final consumption. It also helps in the equitable distribution of tax revenues among the states based on their consumption patterns.
Three different positions of the same dice are shown. Find the number on the face opposite the face showing ‘1’.
Select the option in which the given figure is embedded (rotation is NOT allowed).
Three of the following four letter-clusters are alike in a certain way and one is different. Pick the odd one out.
AFKP
GKPS
SXCH
JOTY
Select the option in which the words share the same relationship as that shared by the given pair of words.
Kingfisher : Bird
In the question, below are three statements followed by two conclusions numbered I and II. You have to consider the statements to be true even if it se...
Select the set in which the numbers are related in the same way as are the numbers of the given set.
(NOTE: Operations should be performed on the...
Select the next number in the series.
16, 33, 68, 139, 282,?
Six friends, C, E, G, I, K and M, are sitting around a circular table facing towards the centre and at equal distance from each other (not necessarily i...