is tax evasion? . Write any two difference between tax and payments? VI Answer in detail .
Explain some direct and indirect taxes. . Write the structure of GST. .
What is black money? Write the causes of black money. VII Activity and Projects . Collect information about the local taxes (water, electricity and house tax etc).
. Students purchase some goods on the shop. The teacher and students discuss those goods, maximum retail price, purchasing price or GST. .
The most common and important tax levied on an individual in India is a) Service tax b) Excise duty. c) Income tax d) Central sales tax . Under which tax one nation, one uniform tax is ensured a) Value added tax (VAT) b) Income tax c) Goods and service tax d) Sales tax . Income tax was introduced in India for the first time in the year .
a) b) c) d) . tax is charged on the benefits derived from property ownership. a) Income tax b) Wealth tax c) Corporate tax d) Excise duty . What are identified as causes of black money?
a) Shortage of goods b) High tax rate c) Smuggling d) All of above II Fill in the blanks . is levied by government for the development of the state’s economy. . The origin of the word ‘tax’ is from the word .
. The burden of the tax cannot be shifted to others. . The Goods and Service Tax act came into effect on .
. The unaccounted money that is concealed from the tax administrator is called . I II Choose the correct statement . Which of the following statement is correct about GST?
(i) GST is the ‘one point tax’. (ii) This aims to replace all direct taxes levied on goods and services by the Central and State governments. (iii) It will be implemented from 1st July throughout the country. REFERENCE BOOKS .
Gaurav Aklani, Role of Taxation in Developing Country in India. . Sankaran, Fiscal Economics. .
Dr.U.K. Sudha Nayak, B.P. Tygai, and