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Economy & Business · Question 72 of 80

Question 72

MediumOriginal question

After the 56th GST Council's reform, what special rate applies to sin and luxury goods?

Options for question 72

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. The reform set 5 and 18 per cent as the main rates and 40 per cent for sin and luxury goods.

  2. 28 per cent was the highest slab before the reform.

Concept
GST special rate
Typical time
50 s
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Ten questions from Economy & Business, at your own pace.

Written from
pib.gov.in
Practise this chapter →

Ten questions from Economy & Business, at your own pace.