Multiple Choice Questions on Which of the following statements in context of Indian Taxation system is correct ........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Which of the following statements in context of Indian Taxation system is correct ........

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    Which of the following statements in context of Indian Taxation system is correct?

    In the year 2017-18 the number of Indirect Taxpayers has increased post GST rollout

    Correct Answer

    During the same year the number of Direct Taxpayers has fallen down

    Incorrect Answer

    In India, Direct Taxes form larger share of tax revenue as compared to Indirect Taxes

    Incorrect Answer

    The Economic Survey has highlighted that due to skewed levels of international trade, Indian states which are engaged in international states are poorer as compared to states which do not undertake any international trade

    Incorrect Answer
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    Explanation:

    Direct taxpayers have increased post GST rollout and now GST forms larger share of tax revenue

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