Preview: the first 3 of 5 questions. This test is part of Vocab24 Prime. The first tests of every section are free.
In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.
GST will be levied on all transactions such as sale, transfer, purchase, barter, lease, or import of goods and/or services. India will (21) a dual GST model, meaning that taxation is (22) by both the Union and State Governments. Transactions made within a single state will be levied (23) Central GST by the Central Government and State GST by the government of that state. For inter-state transactions and imported goods or services, an Integrated GST is levied by the Central Government. GST is a (24) based tax, therefore, taxes are paid to the state where the goods or services are consumed not the state in (25) they were produced.
In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.
GST will be levied on all transactions such as sale, transfer, purchase, barter, lease, or import of goods and/or services. India will (21) a dual GST model, meaning that taxation is (22) by both the Union and State Governments. Transactions made within a single state will be levied (23) Central GST by the Central Government and State GST by the government of that state. For inter-state transactions and imported goods or services, an Integrated GST is levied by the Central Government. GST is a (24) based tax, therefore, taxes are paid to the state where the goods or services are consumed not the state in (25) they were produced.
In the following passage, there are blanks, each of which has been numbered. Find out the appropriate word/phrase in each case.
GST will be levied on all transactions such as sale, transfer, purchase, barter, lease, or import of goods and/or services. India will (21) a dual GST model, meaning that taxation is (22) by both the Union and State Governments. Transactions made within a single state will be levied (23) Central GST by the Central Government and State GST by the government of that state. For inter-state transactions and imported goods or services, an Integrated GST is levied by the Central Government. GST is a (24) based tax, therefore, taxes are paid to the state where the goods or services are consumed not the state in (25) they were produced.
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