Author: MCQsLoader
What items are included in 5th schedule to the Sales Tax:
A) Items sold as in retail packing
(B) Exempt items
(C) Zero rated items
(D) Electronic items
Answer: (C) Zero rated items
What items are included in 3rd schedule of the Sales Tax:
(A) Items sold as in retail packing
(B) Exempt items
(C) Zero rated items
(D) Electronic items
Answer: (A) Items sold as in retail packing
Sales Tax charged at the time of sales is called:
(A) Output Tax
(B) Purchase Tax
(C) Input Tax
(D) Sales Tax
Answer: (A) Output Tax
Sales Tax charged at the time of purchase is called:
(A) Output Tax
(B) Purchase Tax
(C) Sales Tax
(D) Input Tax
Answer: (D) Input Tax