Under which tax- One nation, one uniform tax is ensured

This question was previously asked in
CSIR CERI JSA Official Paper-II (Held On 2022)
View all CSIR Junior Secretariat Assistant Papers >
  1. VAT (Value Added Tax)
  2. Income Tax
  3. Sales Tax
  4. GST (Goods and Services tax)

Answer (Detailed Solution Below)

Option 4 : GST (Goods and Services tax)
Free
CSIR JSA General Awareness Mock Test
8.1 K Users
20 Questions 60 Marks 12 Mins

Detailed Solution

Download Solution PDF

The correct answer is GST (Goods and Services tax).

Key Points

  • GST (Goods and Services Tax)
    • GST is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.
    • Designed to replace multiple cascading taxes levied by the central and state governments.
    • Aimed at creating a single, unified market by subsuming various indirect taxes like VAT, Service Tax, and Excise Duty.
    • Ensures uniformity in the tax system across the nation, promoting ease of doing business.
    • Applied in countries like India, Canada, and Australia, among others.

Additional Information

  • VAT (Value Added Tax)
    • VAT is a consumption tax levied on the value added to goods and services at each stage of production or distribution.
    • Introduced to ensure that tax is collected efficiently and prevent tax evasion.
    • Each stage in the supply chain, from production to sale to the end consumer, is taxed.
    • VAT ensures that the tax burden is shared between production and distribution.
    • Largely implemented in Europe and other parts of the world as a replacement for Sales Tax.
  • Income Tax
    • Income tax is a direct tax levied on the income of individuals and businesses.
    • It is a progressive tax system where the tax rate increases as the taxable income increases.
    • Collected by the government to fund various public services and infrastructure projects.
    • Income tax can include wages, salaries, dividends, interest, and other forms of income.
    • Exemptions, deductions, and credits can reduce the taxable income and tax liability.
  • Sales Tax
    • Sales tax is a consumption tax imposed by the government on the sale of goods and services.
    • Typically calculated as a percentage of the sale price at the point of purchase.
    • The end consumer bears the burden of the sales tax.
    • Sales tax can vary significantly between different jurisdictions.
    • Commonly used in the United States, where each state can set its own sales tax rate.
       
Latest CSIR Junior Secretariat Assistant Updates

Last updated on May 21, 2025

->The CSIR Junior Secretariat Assistant Provisional Response Sheet has been released on 21st May 2025 at the official website.

-> The CSIR Junior Secretariat Assistant Notification 2025 written examination dates has been released for Advt No. CRRI/02/PC/JSA-JST/2025.

-> Candidates had applied online from 22nd March to 21st April 2025.  

-> The CSIR JSA salary ranges from INR 19,900 - INR 63,200 (Indian Institute of Petroleum, Dehradun) and INR 35,600 (Indian Institute of Toxicology Research).

-> The selection of candidates for this post will be based on a Written Exam, followed by a Computer Typing Test.

-> Prepare for the exam with CSIR Junior Secretariat Assistant Previous Year Papers.

Get Free Access Now
Hot Links: teen patti master plus teen patti noble teen patti list