Goods and Services Tax
PART-A Unit-V: Indian Economy and Development Administration in Tamil Nadu
Previous Year Questions (PYQ) for this topic
Every TNPSC question asked from this topic, compiled as a PDF. · PDF 5.3 MB
Indian Economy – Goods and Services Tax (GST) – PYQ Points
- GST was implemented on July 1, 2017.
- The Chairman of the GST Council is the Finance Minister.
- The Chairperson of the GST Council in India is the Union Finance Minister.
- States that showed a declining trend in GST collection during 2019–2020: Maharashtra, West Bengal and Tamil Nadu.
- Statements marked as not true about the GST Council (as per question paper): (1) Members elect one among themselves as Vice-Chairperson, and (3) Half of the total members form the quorum for meetings. (Answer key mentions 1 and 3 as incorrect).
- Features of GST:
(1) It is a consolidated indirect tax.
(2) It is a single unified tax.
(4) It is payable at the final point of consumption.
(Answer: 1, 2 and 4 are correct). - Two items excluded from GST (as per question paper): Petroleum and Tobacco.
- Match goods with GST rates:
(a) Household necessities – 5%
(b) Computers and processed food items – 12%
(c) Capital goods and industrial intermediates – 18%
(d) Luxury items – 28%. - True statements regarding GST provisions in India:
I. Both Central and State taxes are
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