Compensation to states under GST (Compensation to States) Act, 2017 is paid by:
A. Central Government from consolidated fund of India
B. Central Government from GST compensation fund of India
C. Central Government directly from the collection of compensation cess
D. GST Council under Constitution of India
Answer: Option B
Related Questions on Legal Aspects of Business
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
A. Proposal
B. Promise
C. Contract
D. None of these
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B
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