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Goods and services tax rules are related to which dimension?

Answer and explanation

Correct answer: Legal dimension

Goods and Services Tax (GST) rules are laws and regulations framed and enforced by the government. Therefore, they belong to the legal dimension of the business environment. The economic dimension may cover the economic effects of tax rates, but the rules themselves are primarily legal in nature. Exam tip: Link laws, regulations, Acts and court-related matters with the legal dimension.

Related tags

Business EnvironmentLegal DimensionGstTax RulesClass 12 Business StudiesDimensions Of Business EnvironmentBusiness StudiesClass 12 Mcq

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