2017
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Six
|
|
|
Three
|
|
|
Four
|
|
|
Two
|
Detailed explanation-1: -The GST council has fitted over 1300 goods and 500 services under four tax slabs of 5%, 12%, 18% and 28% under GST.
Detailed explanation-2: -GST rates have been set in five slabs based on the HSN or SAC code, namely NIL, 5%, 12%, 18%, and 28%.
Detailed explanation-3: -The primary GST slabs for any regular taxpayers are presently pegged at 0% (nil-rated), 5%, 12%, 18% & 28%. There are a few lesser-used GST rates such as 3% and 0.25%.
Detailed explanation-4: -The Goods and Services Tax or GST Council has decided upon the four-tier structure of GST to be 0%, 5%, 12%, 18% and 28%, and this would be followed strictly.
Detailed explanation-5: -Currently, the types of GST in India are CGST, SGST, and IGST. This simple division helps distinguish between inter-state and intra-state supplies and mitigates indirect taxes. To learn more, read about these three different types of GST.