CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
As per reports, how much amount has been spent by Government on GST advertisements?
A
Rs 117 crore
B
Rs 125 crore
C
Rs 110 crore
D
Rs 132 crore
Explanation: 

Detailed explanation-1: -UP’s Information Department, these bureaucrats point out, has a ‘paltry’ allocation of Rs 555.47 crore out of which Rs 410.08 crore are earmarked for advertisements and publicity. An additional Rs 100 crore have been added in the supplementary budget.

Detailed explanation-2: -The amendment came into force on 01.01. 2022. The benefit of the reduced tax rate, ie, 12% instead of 18% on works contract supplied to a Governmental Authority or a Government Entity regarding the works contract services mentioned in the corresponding entry, stands discontinued with effect from 01.01. 2022.

Detailed explanation-3: -Positive Impact of GST on the Common Man GST reduced the burden of taxes from the manufacturing area, thus manufacturing costs will be reduced. Therefore, the prices of consumer goods are also likely to decrease. Because of the lower manufacturing cost some products like cars, FMCG, etc. will be a bit cheaper.

There is 1 question to complete.