Is definition of Inputs includes capital goods
A. Yes
B. No
Answer: Option B
A. Yes
B. No
Answer: Option B
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
I object as input does include input on capital goods
Give explanation for this question !!???
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As per Section 2(59) of the Central Goods and Services Tax (CGST) Act, 2017, unless the context otherwise requires, the term “input” means any goods other than capital goods used or intended to be used by a supplier in the course or furtherance of business.
please give the explanation