Bissoy.com
Doctors Medicines MCQs Q&A

The critical reasoning question is based on a short argument, a set of statements, or a plan of action. For each question, select the best answer of the choices given. The GST is  a Value added Tax which is proposed to be a comprehensive indirect tax levy on manufacture,sale and consumption of goods as well as services at the national level. It replaces all the indirect taxes levied on goods and services by the Indian Central and State governments. It has both advantages and as well as disadvantages. Given below are few options, select the one which is not an advantage of the GST.

The critical reasoning question is based on a short argument, a set of statements, or a plan of action. For each question, select the best answer of the choices given. The GST is  a Value added Tax which is proposed to be a comprehensive indirect tax levy on manufacture,sale and consumption of goods as well as services at the national level. It replaces all the indirect taxes levied on goods and services by the Indian Central and State governments. It has both advantages and as well as disadvantages. Given below are few options, select the one which is not an advantage of the GST. Correct Answer Due to GST there is increase on cost due to software purchase.

Option 4 is the correct answer as it is the only one which shows the disadvantage of GST. Business have to either update their existing accounting software GST-complaint one or buy a GST software, both the options lead to increase of cost. Thus this proves to be a disadvantage.

Other options talks about the advantages such as this change has improved the efficiency of logistics, eliminates the cascading effect of tax, easy and safe online procedure, and so on.

Related Questions

Goods and Services Tax (GST) was introduced as a part of indirect tax reforms in India. Which of the following are the salient features of the GST? 1. GST is applicable on the manufacture of goods or on sale of goods or on the provision of services. 2. GST is applicable to the supply of goods or services. 3. GST is based on the principle of destination-based consumption taxation. 4. GST is levied at rates decided by GST Council. Select the correct answer using the code given below:
In the following question, the 1st and the last part of the sentence/ passage are numbered 1 and 6. The rest of the sentence/passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct. 1. The Goods and Services Tax (GST) is imposed on the supply of products and/or services within the country. P. This can be achieved by charging uniform tax rates and eliminating economic barriers. Q. The objective of GST is to drive India towards becoming an integrated economy. R. These include Service Tax, Purchase Tax, Central Excise Duty, Value Added Tax, Entry Tax, Luxury Tax, Local Body Taxes, etc. S. It subsumes multiple indirect taxes that are imposed by the State Governments or the Central Government 6. Thus, it will make the country a common national market
Goods and Services Tax (GST) is an indirect tax introduced in India in 2017 that is imposed on the supply of goods and services, and it subsumes all indirect taxes except few. It is a destination-based tax imposed on goods and services used, and it is not imposed at the point of origin from where goods come. GST also has a few components specific to state governments, central government and Union Territories (UTs). Which one of the following statements can be inferred from the given passage?
Match List - I with List - II : List - I List - II A. Stamp duties and duties on medical I. Duties levied by the Union Government but collected and appropriated by the State B. Duties on succession to property other than agricultural land II. Taxes levied and collected by the Union but assigned to the States C. Taxes on income other than corporation tax and taxes on agricultural income III. Taxes levied and collected by the Union and distributed between the Union and the States D. Excise duty on items other than medical and toilet preparation IV. Taxes levied and collected by the Union but which may be distributed between the Union and the States Choose the correct answer from the options given below :
In the following question, sentences of a paragraph have been jumbled and labeled as A, B, C, and D. You are required to rearrange the jumbled sentences in the right order to form a meaningful and coherent paragraph and mark your response accordingly by selecting the correct option. A. The sellers usually add the tax expense into their costs, and the price the customers pay is inclusive of GST. B. The concept of GST is that it is an “Indirect Tax”, ie, this tax is not directly paid by customers to the government, but is rather levied on the manufacturer or seller goods and the providers of services. C. GST, or Goods and Services Tax, is a tax that customers have to bear when they buy any goods or services, such as food, clothes, electronics, items of daily needs, transportation, travel, etc. D. Thus, in most cases, you end up paying a tax even if you are not an income taxpayer.
The following sentences form a paragraph. They are numbered a P, Q, R and S. These four parts are not given in their proper order. Read the sentences and choose the alternative that arranges them in a correct order. P. Also, the customers will have funds to spend because of lower tax rates.  Q. The Goods and Services Tax (GST) is an indirect tax which entails that the tax is approved till the last stage where it is the purchaser of the goods and services who bears the tax. R. It will substitute most other indirect taxes and synchronize the differential tax rates on mass-produced goods and services. S. The government of India claims that GST will enhance Indian GDP by 2%.
In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even ifthey seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement: (I) In the GST Model in India, it would be dual tax (GST) with the center and states simultaneously levying tax on a common base tax.
(II) The central and state GST would be levied on every transaction of supply of goods and services simultaneously. Conclusions:
(I) This new tax regime would benefit common man of country.
(II) There would be more clarity on state and central component.
The critical reasoning question is based on a short argument, a set of statements, or a plan of action. For each question, select the best answer of the choices given. Honeybees are a crucial part of the earth's ecosystem, helping to pollinate flowers and garden vegetables. Wild bees need long-lasting, undisturbed nesting sites in sunny bare patches of ground. Without bees, many flowering plants fail to set seed and without flowering plants, there will be no food for bees. They do contain many advantages, few of which are listed below Which among the following options does not talk about the positives of honeybees?
The critical reasoning question is based on a short argument, a set of statements, or a plan of action. For each question, select the best answer of the choices given. The size of particles is directly linked to their potential for causing health problems. Small particles less than 10 micrometers in diameter cause the greatest problems, as they can get deep into the lungs and some may get into the bloodstream. One being exposed to such particles can affect both the lungs and the heart of a person. But there are particles that are causing environmental effects too, few of which are given below.  Which among the following below options does not talk about the effects of these particles on the environment?
The critical reasoning question is based on a short argument, a set of statements, or a plan of action. For each question, select the best answer of the choices given. Pesticides are used to control various pests and disease carriers such as rats, ticks and mice. They are used in agriculture to control weeds and fungi too. A pesticide is a chemical or biological agent that kills pests. Although pesticides have benefits, some have drawbacks too if they are used in larger quantities. Given below are some options, select the one which is not one of the the advantages of pesticides.