One of the key benefits of GST is the elimination of double taxation, which simplifies the tax process.

CGST (Central Goods and Services Tax) is a component of the GST structure, along with SGST and IGST.

To avail input tax credit under GST, the invoice must be in the name of the recipient.

The invoice must be in the name of the recipient to avail input tax credit.

A deduction under Section 80E can be claimed for interest on loans taken for higher education.

The condition for claiming a deduction under Section 80E for interest on education loans is that the loan must be taken for higher education.

The employee must live in a rented house to claim HRA exemption.

To claim input tax credit (ITC) under GST, the supplier must be registered.

All of the above conditions must be met to claim input tax credit (ITC) under GST.

The duration of stay in India is a key criterion for determining residential status.

The duration of stay in India is a key criterion for determining the residential status of an individual.

A key feature of GST is that it is a single tax on goods and services, replacing multiple indirect taxes.

Sale of a residential house is considered a taxable income under the head 'Capital Gains'.

Interest on Savings Account is considered taxable income under the head 'Income from Other Sources'.

Sale of goods by a registered dealer is a taxable supply under GST.

Public Provident Fund (PPF) contributions are eligible for deduction under Section 80C.

Premium paid for health insurance is a valid deduction under Section 80D.

Agricultural income is exempt under Section 10 of the Income Tax Act.

All of the above are allowable deductions under Section 80D for health insurance premiums.

Dividend from Indian companies is an example of tax-exempt income.

Both export of goods and sale of services to SEZ are examples of zero-rated supplies under GST.

Export of goods is considered an exempt supply under GST.

Healthcare services are exempt from GST.

Agricultural income is exempt under Section 10 of the Income Tax Act.

All of the options listed (House Rent Allowance, Leave Travel Allowance, Gratuity) are exemptions under Section 10.

All of the above are considered supplies under GST.

An individual is considered a resident if they reside in India for 182 days or more in a financial year.

All of the above are considered as 'Residential Status' for tax purposes.

Interest on savings account is considered taxable income.

Export of goods is classified as a zero-rated supply under GST.