[Q]: Which of the following bill has been moved in the Lok Sabha on April 24, 2015 firstly proposed by the UPA government?
A GST Bill
B VAT Bill
C FDI Bill
D GTS Bill
ExamLinks.In Answer:
The long pending Goods and Services Tax (GST) Bill was moved in the Lok Sabha on April 24, 2015 for consideration. The bill on GST, considered the biggest tax reform after 1947, was introduced in Lok Sabha in December last year. A single rate of GST will replace central excise, state VAT, entertainment tax, octroi, entry tax, luxury tax and purchase tax on goods and services.
A GST Bill
B VAT Bill
C FDI Bill
D GTS Bill
ExamLinks.In Answer:
The long pending Goods and Services Tax (GST) Bill was moved in the Lok Sabha on April 24, 2015 for consideration. The bill on GST, considered the biggest tax reform after 1947, was introduced in Lok Sabha in December last year. A single rate of GST will replace central excise, state VAT, entertainment tax, octroi, entry tax, luxury tax and purchase tax on goods and services.
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