Rate of General Sales Tax (GST) is:

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Question:
Rate of General Sales Tax (GST) is:

1.Less than 10%

2.More than 10% but less than 20%

3.More than 20% but less than 30%

4.More than 30% but less than 40%

Posted Date:-2021-08-20 10:22:11

More MCQS Questions and answers

  1. 40% of income of federal government is obtained from:
  2. A country has proportional system of taxation. A person pays Rs 500 tax when his income is 5000 how much tax he will pay if his earning rises to 8000:
  3. A direct tax is that which:
  4. Federal government transfers to provinces as their share in tax collection:
  5. Government finance is called:
  6. Govt. budget is balanced when:
  7. Govt. taxing and spending policies are called:
  8. In Pakistan income tax is collected by:
  9. In Pakistan the authority to levy taxes lies with:
  10. In Pakistan Income tax is:
  11. It is easy and convenient to pay:
  12. Pakistan s fiscal year starts from:
  13. Pakistan s public debt is:
  14. The Federal budget is presented in the parliament by:
  15. The federal budget of Pakistan includes:
  16. This is principle of taxation
  17. Which is provincial tax in Pakistan:
  18. Federal government tax revenue collection includes:
  19. Govt. taxing and spending policies are called:
  20. If Income tax is assessed as Rs. 100 on an income of Rs. 1000. Compared to this which one of the following indictes that the income tax rate is progressive?
  21. Income tax in Pakistan is:
  22. It is better way to finance the govt. budget:
  23. It is direct tax:
  24. One of the following is NOT a feature of private finance:
  25. Pakistan s expenditure on defence is:
  26. Taxes are levied to:
  27. The government can collect funds from:
  28. To control inflation the government should increase:
  29. Which is not counted as public expenditure?
  30. Which is true:
  31. Which of the following should NOT be the aim of a government:
  32. Whom of the following propounded principles of taxation:
  33. According to total amount collected the taxes fall in this order:
  34. According to total amount collected the taxes fall in this order:
  35. Exemption limit for income tax in Pakistan is:
  36. Federal govt. budget estimate for 2010-11 is:
  37. Government finance is called:
  38. Government of Pakistan can increase its resources by:
  39. Govt. budget is balanced when:
  40. Govt. prepares its budget:
  41. How the government can meet its expenditure:
  42. If a person who is tax-payer can shift the burden of tax to someone else the tax is called:
  43. In Pakistan taxes are levied by:
  44. In Pakistan government budget is prepared by:
  45. In Pakistan government budget is prepared by:
  46. In Pakistan Income tax is:
  47. In past decades Pakistan increased its GDP yet living standard of majority has not risen. The most important cause of this situation is:
  48. It is a source of revenue for the Local overnment bodies:
  49. It is difficult to evade:
  50. It is direct tax:
  51. Mansoor Software Co imported computers and paid import tax. Burden of tax will be on:
  52. Net taxes are:
  53. One of the following is NOT a feature of private finance:
  54. Pakistan s Budget has parts:
  55. Progressive taxes:
  56. Progressive taxes:
  57. Rate of General Sales Tax (GST) is:
  58. Sales tax in Pakistan is:
  59. Tax is a payment:
  60. Taxes on commodities are:
  61. The budget estimate prepared by ministry of finance is finally approved by:
  62. The government can meet its expenditure:
  63. The main source of revenue of federal government is:
  64. The most important body to collect taxes in Pakistan is:
  65. The most important source of income of a government is:
  66. The most important source of income of a government is:
  67. The non-Muslims pay Zakat:
  68. These are heads of expenditure of the government EXCEPT?
  69. These are principles of taxation:
  70. These are principles of taxation:
  71. This is NOT a principle of taxation:
  72. This tax is a good example of ability to pay principle of taxes:
  73. To bring equitable distribution of income in the country taxes should be
  74. What is the benefit of tariffs:
  75. Which is true about amount of taxes collected in Pakistan:
  76. Which is true?
  77. Which of the following tax is best example of ability to pay principle of taxes:
  78. Which of the following would cause incomes to become more unequal:
  79. Which one is not a principle of taxation:
  80. Which source a private company cannot use?
  81. Which tax better conforms to the principle of equality in taxation
  82. Which tax is not shared between central and provincial governments?
  83. Zakat can be spent for this purpose:
  84. Zakat is not due on the gold owned by a person who has less than:
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