CURRENT AFFAIRS

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

What is the name of the app launched by Central Board of Indirect Taxes and Customs (CBIC) to verify if the person collecting GST from the consumer is eligible to collect it or not?

A	GST Verify
B	GST Check
C	GST Collect
D	GST Value

Explanation:

Detailed explanation-1: -Central board of excise and customs [CBEC] to be renamed central board of indirect taxes and customs (CBIC).

Detailed explanation-2: -Central Board of Indirect Taxes & Customs (CBIC), Department of Revenue, Ministry of Finance is responsible for formulation of policy relating to levy and collection of Indirect taxes namely, Customs duty, Central Excise duty Central Goods and Service tax.

Detailed explanation-3: -State taxes that would be subsumed under the GST are State VAT, Central Sales Tax, Luxury Tax, Entry Tax (all forms), Entertainment and Amusement Tax (except when levied by the local bodies), Taxes on advertisements eg.

There is 1 question to complete.