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Multiple Choice Questions

India will likely be able to roll out the goods and services tax GST from July 1 following a breakth...........

Logical Reasoning(SBI-CL) Statement - Arguments

India will likely be able to roll out the goods and services tax (GST) from July 1 following a breakthrough on Monday over the seemingly intractable issue of tax administration after the Centre accommodated states’ concerns

Which of the following will be an impact of the given passage ?

Revenue will get a boost

Logistics, inventory costs will raise

compliance costs will raise

All 1, 2 and 3

Explanation:

Input tax credit will encourage suppliers to pay taxes – States and Centre will have dual oversight – The number of tax-exempt goods will decline and Logistics, inventory costs &compliance costs will fall.

Hence, option 1 is the correct answer.

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