2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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127
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149
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156
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178
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Detailed explanation-1: -Approximately, 80% of the 227 items in the top slab of 28%, are supposed to be brought a level down to 18% and a couple of products from 18% to 12%.
Detailed explanation-2: -Currently, 227 items lie under the 28% slab.
Detailed explanation-3: -On such rental services of goods carriages where the cost of fuel is in included in the consideration charged from the recipient of service, GST rate has been reduced from 18% to 12% with effect from 18.07. 2022. Prior to 18.07. 2022, it attracted GST at the rate of 18%.
Detailed explanation-4: -The government has raised the goods and services tax on completed items such as clothes, textiles, and footwear from 5% to 12%, beginning January 2022. The GST rate on textiles has been raised to 12% from 5% beginning in January 2022. In addition, the GST rate on garments of any value has been raised to 12% from 5%.