The 'GST Council' decisions require how much majority?
A. Two-thirds majority
B. Simple majority of members present
C. Unanimous
D. Three-fourths of weighted votes
Answer: Option D
Solution (By JKSSB Mock Tests)
As per Article 279A, decisions are by majority of not less than three-fourths of weighted votes of members present and voting, with Union's weight one-third and states' two-thirds.
S1: In a cash flow statement, the purchase of an investment in the shares of another company is classified under investing activities. S2: The receipt of dividends on those shares is always classified under operating activities. Which statement(s) is/are correct?
Explanation:
S1 is correct; purchasing investments is an investing activity. S2 is incorrect because under Ind AS 7, dividends received can be classified as either operating (as a return on investments) or investing (as a return on investments) activities, providing flexibility.
No comments yet. Be the first to start the discussion!