A 'Credit Note' is issued to: MCQ with Answer and Explanation

Which of the following statements about GST is/are correct? 1. It is a destination-based consumption tax. 2. It subsumes all central and state indirect taxes. 3. Petroleum products are presently outside GST. 4. The GST Council is a constitutional body.

Income tax paid by a sole proprietor is treated as:

The rate of interest on calls-in-advance as per Table F is: