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  • Question
  • The government of India has formed a committee to examine the electronic tax invoice system of various countries. It consists of how many members?


  • Options
  • A. 8
  • B. 13
  • C. 17
  • D. 21

  • Correct Answer
  • 13 

    Explanation
    The government of India has formed a 13-member committee having representatives from GST Network (GSTN), central and state governments to examine the electronic tax invoice system of various countries like South Korea, Latin America and suggest a model for India. The introduction of electronic invoices (e-invoices) through the Goods and Services Tax (GST) portal which will help the indirect tax system and keep a check on tax evasion. For the e-invoices system, the committee will examine and suggest the target taxpayers and the threshold limit. The committee will look at a centralized system of e-invoices, which will give automatic access to authorities to invoices. It will also discuss whether a system of e-invoices would help in dispensing the requirement of e-way bill or modification of the e-way bill or even combine both the options of e-invoice and e-way bill. The e-invoice system will replace the requirement of the generation of e-way bill for movement of goods. At present, the e-way bill is required for moving goods exceeding Rs. 50,000.

  • National problems


    Search Results


    • 1. According to World Bank's Migration and Development Brief, Which country tops as the world's top recipient of remittances in 2018?

    • Options
    • A. India
    • B. China
    • C. Philippines
    • D. Mexico
    • Discuss
    • 2. The Union Cabinet Approves MoU between India and Saudi Arabia in the field of;

    • Options
    • A. Cooperation on youth matters
    • B. Road widening
    • C. Housing
    • D. Startup Cooperation
    • Discuss
    • 3. How many MoUs signed between India and Bolivia including Culture, Mining, Space.

    • Options
    • A. 4
    • B. 8
    • C. 6
    • D. 7
    • Discuss
    • 4. How much percent of India's energy demand has increased in 2018 according to International Energy Agency (IEA)'s Global Energy & CO2 status report?

    • Options
    • A. 4%
    • B. 3.3%
    • C. 4.5%
    • D. 3.8%
    • Discuss
    • 5. How many Technology Mission Centre was launched by the Union Minister Harsh Vardhan?

    • Options
    • A. 6
    • B. 4
    • C. 3
    • D. 5
    • Discuss
    • 6. This country tops in the list that offers world's cheapest mobile data packs

    • Options
    • A. Ukraine
    • B. Finland
    • C. Kyrgyzstan
    • D. India
    • Discuss
    • 7. What is the position of India in the Startup Ecosystem Ranking for 2019?

    • Options
    • A. 51
    • B. 32
    • C. 17
    • D. 28
    • Discuss
    • 8. Which country announced a complete ban on import of solid plastic waste/scrap recently?

    • Options
    • A. India
    • B. Russia
    • C. US
    • D. Japan
    • Discuss
    • 9. This country will host the 13th Conference of Parties during 15th to 22nd February 2020.

    • Options
    • A. China
    • B. Singapore
    • C. India
    • D. UK
    • Discuss
    • 10. World Bank and the Government of India jointly funded a scheme to strengthen the unorganised food processing sector concentrated in rural areas. It was named as;

    • Options
    • A. Pradhan Mantri Krishi Sinchai Yojana
    • B. Deen Dayal Upadhyaya Antyodaya Yojana
    • C. Pradhan Mantri Jeevan Jyoti Bima Yojana
    • D. Gram Samridhi Yojana
    • Discuss


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