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What is Income Tax & GST Q&A for Calicut University about?

This document contains 10 questions and answers related to Income Tax and GST concepts. It defines key terms like tax rebate, GSTR 2, return of loss, and aggregated turnover. It explains the need for a dual GST structure in India to align with principles of fiscal federalism. It also identifies the Central Board of Direct Taxes as the apex body governing Income Tax and defines supply as the taxable event under GST. Finally, it distinguishes between input tax and output tax.

Author

Ashwini Ganiger

Language

EN