MCQOPTIONS
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MCQOPTIONS
| 1. |
Which of the following' statements is incorrect? |
| A. | VAT is the neutral tax since it does not influence the organisation of production |
| B. | VAT is easier to enforce than the sales tax to impose through cross-checking |
| C. | GST consists of three components such as Central-GST, State-GST and Local-GST |
| D. | Central -GST and State -GST will apply to all transaction of goods and services |
| E. | The Union Government of India passed the General Sales Tax in 1956 |
| Answer» D. Central -GST and State -GST will apply to all transaction of goods and services | |