Information Technology Quiz Questions 2016
Q1. The Government of India is committed to replace all the indirect taxes levied on goods and services by the Centre and States and implement ________ by April 2017.
Ans: Goods and Services Tax (GST)
The introduction of Goods and Services Tax (GST) would be a significant step in the reform of indirect taxation in India. Amalgamating several Central and State taxes into a single tax would mitigate cascading or double taxation, facilitating a common national market.
It is called as the biggest tax reformation in India after Independence.
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