If there is Mis-match of supplier’s outward supply and recipient’s claim for Input Tax credit on the same transaction
A. It shall be added as output tax liability in the hands of receiver.
B. It shall be reduced as output tax liability in the hands of receiver.
C. It shall be increased as input tax credit in the hands of receiver.
D. It shall be deceased as input tax credit in the hands of supplier.
Answer: Option A
A. Goods and Supply Tax
B. Government Sales Tax
C. Goods and Services Tax
D. General Sales Tax
In India GST became effective from
A. 1st April, 2017
B. 1st January, 2017
C. 1st July, 2017
D. 1st March, 2017
In India GST came effective from July 1st, 2017 India has chosen _______ model of dual – GST.
A. USA
B. UK
C. Canadian
D. China
E. Japan
GST is a _______ based tax on consumption of goods and services.
A. Duration
B. Destination
C. Dividend
D. Development
E. Destiny
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