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प्रश्न
What do you understand by G.S.T?
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उत्तर
"Goods and services tax" refers to any tax on the supply of goods, services, or both, excluding taxes on the supply of alcoholic beverages for human consumption. It is an indirect tax that combines various taxes, such as sales tax, excise tax, VAT, and so on, into a single tax for the entire country. GST is levied at every stage of the supply chain of goods or services, from production to the final retail level, replacing the various archaic tax structures.
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संबंधित प्रश्न
Fiscal deficit equals :
(a) Interest payments
(b) Borrowings
(c) Interest payments less borrowing
(d) Borrowing less interest payments
Explain 'Revenue Deficit in a Government budget? What does it indicate?
Define fiscal deficit.
Define revenue
‘The fiscal deficit gives the borrowing requirement of the government’. Elucidate.
Suppose that for a particular economy, investment is equal to 200, government purchases are 150, net taxes (that is lump-sum taxes minus transfers) is 100 and consumption is given by C = 100 + 0.75Y (a) What is the level of equilibrium income? (b) Calculate the value of the government expenditure multiplier and the tax multiplier. (c) If government expenditure increases by 200, find the change in equilibrium income.
Consider an economy described by the following functions:- C = 20 + 0.80Y, I = 30, G = 50, TR = 100, calculate the effect on output of a 10 per cent increase in transfers, and a 10 per cent increase in lump-sum taxes. Compare the effects of the two.
Does public debt impose a burden? Explain.
Discuss the issue of deficit reduction.
Fiscal deficit = ______.
Which of the following factors necessitated the need for economic reforms?
Assertion (A): Fiscal deficit is measured in terms of borrowings.
Reason (R): External borrowings increases the Fiscal deficit.
Read the following statements carefully and choose the correct alternatives given below:
Statement 1: Fiscal Deficit = Total Budget Expenditure - Total Budget Receipts (Net of borrowing)
Statement 2: Primary Deficit = Fiscal Deficit + Interest Payments.
When the revenue receipts are less than the revenue expenditures in a government budget, this shortfall is termed as
The difference between fiscal deficit and interest payment is known as ______
______ are those transactions that are undertaken to cover deficit or surplus in autonomous transactions.
Fiscal deficit equals:
The shape of average revenue curve in monopoly is ______
