GST - Multiple Choice Questions and Answers for Competitive Exams

Q.

GST is a ___ based tax on consumption of goods and services.

[A] Origin
[B] Destiny
[C] Development
[D] Destination
[E] Dividend
Answer & Explanation
Option: [D]

Destination based tax or consumption tax are levied where goods and services are consumed. In destination-based taxation, exports are allowed with zero taxes whereas imports are taxed on par with the domestic production.

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

ADRE 2.0 Mock Test - 5 Start Test
ADRE 2.0 Mock Test - 5 Start Test
Government Schemes Mock Test Start Test!

Take Mock Tests

Political Science Mock Test – 42 Start Test
History Test – 190 Start Test
Quantitative Aptitude Test Start Test!
Trigonometry - Mock Test Start Test!
Data Interpretation - Mock Test Start Test!
General Awareness - Mock Test Start Test!
Reasoning Ability - Mock Test Start Test!
Englist(Antonyms) Mock Test 1 Start Test!
Quantitative Aptitude (Percentage) Mock Test Start Test!
Economy Mock Test 1 Unlock Test!
Economy Mock Test 4 Unlock Test!
Economy Mock Test 5 Unlock Test!
Books & Authors - Test 2 Unlock Test!