{"id":4581,"date":"2024-03-05T16:08:50","date_gmt":"2024-03-05T16:08:50","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=4581"},"modified":"2024-03-05T16:08:50","modified_gmt":"2024-03-05T16:08:50","slug":"gist-goods-and-service-tax-is-now-proposed-to-be-introduced-in-india-from","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/gist-goods-and-service-tax-is-now-proposed-to-be-introduced-in-india-from\/","title":{"rendered":"GIST (Goods and Service Tax) is now proposed to be introduced in India from"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a96e2144dd56\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    April 01, 2011                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Apr-12                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Apr-13                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"true\">\r\n                    April 01, 2014                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is (d) April 01, 2014.<\/p>\n<p>Goods and Services Tax (GST) is a comprehensive indirect tax that will be levied on all goods and services supplied in India, except for a few exempted items. It is a destination-based tax, which means that the tax will be levied at the place where the goods or services are consumed. GST will replace the existing indirect taxes such as Central Excise, Service Tax, Value Added Tax (VAT), and Central Sales Tax (CST).<\/p>\n<p>The GST Council, which is the apex body for the implementation of GST, has decided to roll out GST in a phased manner. The first phase of GST will be implemented from April 01, 2017. In the first phase, GST will be levied on all goods and services except for petroleum products, alcohol, and electricity. These items will be brought under GST in a later phase.<\/p>\n<p>The GST Council has also decided to set up a GST Network (GSTN) to facilitate the implementation of GST. GSTN will be a single IT backbone for the entire GST system. It will be responsible for creating and maintaining a central database of all taxpayers, generating and issuing invoices, and collecting and depositing GST.<\/p>\n<p>The implementation of GST is expected to have a significant impact <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n     <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>    <\/a>\r\n    <\/div> on the Indian economy. It is expected to boost economic growth, improve tax compliance, and reduce the cost of doing business. It is also expected to make the Indian economy more competitive in the global market.<\/p>\n<p>The following are the options for the question &#8220;GIST (Goods and Service Tax) is now proposed to be introduced in India from&#8221;:<\/p>\n<p>(a) April 01, 2011<br \/>\n(b) April 2012<br \/>\n(c) April 2013<br \/>\n(d) April 01, 2014<\/p>\n<p>The correct answer is (d) April 01, 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GIST (Goods and Service Tax) is now proposed to be introduced in India from<\/title>\n<meta name=\"description\" content=\"Goods and Services Tax (GST) is a comprehensive indirect tax that will be levied on all goods and services supplied in India, except for a few exempted items. It is a destination-based tax, which means that the tax will be levied at the place where the goods or services are consumed. GST will replace the existing indirect taxes such as Central Excise, Service Tax, Value Added Tax (VAT), and Central Sales Tax (CST).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/gist-goods-and-service-tax-is-now-proposed-to-be-introduced-in-india-from\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GIST (Goods and Service Tax) is now proposed to be introduced in India from\" \/>\n<meta property=\"og:description\" content=\"Goods and Services Tax (GST) is a comprehensive indirect tax that will be levied on all goods and services supplied in India, except for a few exempted items. It is a destination-based tax, which means that the tax will be levied at the place where the goods or services are consumed. 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It is a destination-based tax, which means that the tax will be levied at the place where the goods or services are consumed. GST will replace the existing indirect taxes such as Central Excise, Service Tax, Value Added Tax (VAT), and Central Sales Tax (CST).","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/gist-goods-and-service-tax-is-now-proposed-to-be-introduced-in-india-from\/","og_locale":"en_US","og_type":"article","og_title":"GIST (Goods and Service Tax) is now proposed to be introduced in India from","og_description":"Goods and Services Tax (GST) is a comprehensive indirect tax that will be levied on all goods and services supplied in India, except for a few exempted items. It is a destination-based tax, which means that the tax will be levied at the place where the goods or services are consumed. GST will replace the existing indirect taxes such as Central Excise, Service Tax, Value Added Tax (VAT), and Central Sales Tax (CST).","og_url":"https:\/\/exam.pscnotes.com\/mcq\/gist-goods-and-service-tax-is-now-proposed-to-be-introduced-in-india-from\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-03-05T16:08:50+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/gist-goods-and-service-tax-is-now-proposed-to-be-introduced-in-india-from\/","url":"https:\/\/exam.pscnotes.com\/mcq\/gist-goods-and-service-tax-is-now-proposed-to-be-introduced-in-india-from\/","name":"GIST (Goods and Service Tax) is now proposed to be introduced in India from","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-03-05T16:08:50+00:00","dateModified":"2024-03-05T16:08:50+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Goods and Services Tax (GST) is a comprehensive indirect tax that will be levied on all goods and services supplied in India, except for a few exempted items. It is a destination-based tax, which means that the tax will be levied at the place where the goods or services are consumed. 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