The 'Goods and Services Tax' on tour operator services is: MCQ with Answer and Explanation

Question

Share Report Error

The 'Goods and Services Tax' on tour operator services is:

A. 18%

B. 5%

C. 12%

D. 5% without ITC

Answer: Option D

Solution (By JKSSB Mock Tests)

Tour operator services attract 5% GST without input tax credit.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'TReDS' platform is meant for:

A. trading government securities

B. foreign exchange trading

C. commodity futures

D. financing of receivables of MSMEs

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
TReDS is an electronic platform for financing trade receivables of MSMEs from corporate buyers.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a measure to promote exports?

A. Duty drawback schemes

B. High import tariffs on export inputs

C. Export subsidies

D. Special Economic Zones

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
High import tariffs on inputs used in export production raise costs and discourage exports. Export promotion measures include subsidies, duty drawbacks and SEZs.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on online gaming is:

A. 28%

B. 12%

C. 5%

D. 18%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Online gaming services attract 28% GST.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs