cueprepUPSC CSE Prelims Tax Structure & GST Flashcards
Master 14 tax structure & gst concepts for the UPSC CSE Prelims.
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Question
Differentiate between Direct and Indirect taxes based on incidence and impact.
taxes are those where the incidence and impact fall on the same person and cannot be shifted. taxes are those where the tax burden can be shifted to the final .
Question
Identify the correct GST components applied to different types of supply transactions.
For an intra-state sale (within the same state), both and are levied simultaneously. For an inter-state sale (between two states), a single is levied by the Central Government.
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