MEDIUM
Earn 100

The limit of exclusive economic zone of India, is from the nearest point of the baseline.
(A) 200 nautical miles
(B) 12 nautical miles
(C) 24 nautical miles
(D) 100 nautical miles 

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Important Questions on Direct and Indirect Taxes

EASY
Which of the following taxes have been subsumed in GST?
a. Central Sales Tax
b. Central Excise Duty and Service Tax
c. Value Added Tax
d) All of the above
EASY

Which of the following is included in the Countervailing Duty?

  1. Financial contribution made by a government.
  2. Direct transfer of funds by government agencies.

  3. Loans, and infusion of equity.

  4. Fiscal incentives such as tax credits.

EASY

Beneficial owner means any person:

(a) on whose behalf the goods are being imported or exported
(b) who exercises effective control over the goods being imported or exported
(c) (a) or (b)
(d) None of the above 

EASY
A direct tax cannot be shifted to other person. Central direct taxes is/are _____.
EASY
'Sub-prime lending' is a term applied to the loans made to _____.
EASY
Which of the following commodities is not kept outside the perview of GST?
a) High speed Diesel
b) Natural Gas
c) Supply of liquor for human consumption
d) Aviation turbine fuel
EASY
Which one of the following items will be subsumed under the Goods and services Tax of India?
EASY
Which of the following is not included in the service to calculate the service tax?
EASY
Which of the following taxes is applicable in the case of supply of services from Bihar to Rajsasthan?
a) CGST
b) SGST
c) UTGST
d) IGST
EASY
“Indian customs waters” means the waters extending into the sea up to:
(a) the limit of Exclusive Economic Zone
(b) 24 NM from baseline
(c) 12 NM from baseline
(d) None of the above 
EASY
The Goods and Services Tax (GST) proposed to cover taxes like _____.
EASY
What of the following taxes is applicable in the case of supply of goods from Gujarat to Assam?
a) CGST
b) SGST
c) UTGST
d) IGST
EASY
_____ is a credit in respect of central excise on inputs purchased for the manufacture or duty paid about the manufacture of the final product?
EASY
Which one of the following duties/taxes is the major component of the customs duties in the Indian Economy?
MEDIUM
India with immediate effect has boosted the Customs Duty on all the goods imported from Pakistan to:
MEDIUM
Exclusive economic zone extends to _____ (200/300) nautical miles from the baseline of the coast. Beyond __________ (100/200) nautical miles is High Seas.
(a) 200, 200
(b) 300, 100
(c) 200, 100
(d) None of the above