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Discussion :: National - Latest Current Affairs (Q.No.520)

520. 

The continuation of Rebate of State and Central Taxes and Levies (RoSCTL) scheme has been approved from which date?

[A]. April 1, 2020
[B]. March 31, 2020
[C]. June 1, 2020
[D]. July 1, 2020

Answer: Option A

Explanation:

The Union Cabinet chaired by Prime Minister Narendra Modi approved for continuation of Rebate of State and Central Taxes and Levies (RoSCTL) scheme from 1 April 2020. Until then, the scheme will be merged with the Remission of Duties and Taxes on Exported Products (RoDTEP). It is expected to make the textile sector competitive by rebating all taxes and levies that are currently not being rebated under any other mechanism.

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