2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Urjit Patel
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Narendra Modi
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Pranab Mukherjee
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Arun Jaitley
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Detailed explanation-1: -New Delhi, July 7: Ministry of Finance launched an app – GST Rates Finder – on Friday to allow consumers verify the accurate tax rate on commodity and services under the Goods and Services Tax (GST) regime.
Detailed explanation-2: -Answer: The rate of GST on IT services is 18%.
Detailed explanation-3: -When SGST & CGST or IGST is Applied? As mentioned, 18% GST has to be paid by the customer on the purchase of mobile phones. If the customer is buying a phone from the dealer within state premises then that 18% will equally be divided into SGST (State GST) and CGST (Central GST).
Detailed explanation-4: -GST rates applicable on mobile phones are 18% and the mobile HSN code is 8517.
Detailed explanation-5: -Rate of GST on essential commodities is 0%.