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Indian Economy & Institutions · Question 32 of 75

Question 32

EasyOriginal question

The Goods and Services Tax came into force across India on

Options for question 32

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. GST was launched at a special midnight session of Parliament and took effect on 1 July 2017.

  2. It replaced many separate taxes, such as central excise, service tax and state VAT, with one tax on the supply of goods and services.

Concept
The launch of GST
Typical time
35 s
Your time
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The rule this testsTaxation and GST
Practise this chapter →

Ten questions from Indian Economy & Institutions, at your own pace.

Practise this chapter →

Ten questions from Indian Economy & Institutions, at your own pace.