CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many percentage cash back for digital transactions are announced by GST Council?
A
20 %
B
15 %
C
45 %
D
35 %
Explanation: 

Detailed explanation-1: -has discussed in detail the proposal of a concession of 2% in GST rate [where the GST rate is 3% or more, 1% each from applicable CGST and SGST rates] on B2C supplies, for which payment is made through cheque or digital mode, subject to a ceiling of Rs.

Detailed explanation-2: -Gift, cash-back vouchers taxable as goods, to be liable for 18% GST: AAR | Mint.

Detailed explanation-3: -Digital services provided to consumers resident in India are subject to 18% GST.

Detailed explanation-4: -Taxes in India Google’s location that provides the services and your purchase location determine which tax will be applied to your purchase. The tax rates are: Central GST (CGST): 9% State GST (SGST): 9%

Detailed explanation-5: -Union Budget 2022 | 30% Tax On All Digital Assets + 1% TDS: All You Want To Know.

There is 1 question to complete.