CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Washing machines, refrigerators, up to 25-inch televisions, vacuum cleaners, perfumes, Lithium ion batteries and paints will attract 18 % GST as against _________ at present.
A
5 %
B
28 %
C
12 %
D
0 %
Explanation: 

Detailed explanation-1: -The rate for each household electronic appliance like the dishwasher, AC, etc is fixed at the rate of 28% under GST.

Detailed explanation-2: -HSN Code 8450: Household or laundry-type washing machines, incl. machines which both wash and dry; parts thereof.

Detailed explanation-3: -The GST Council on Saturday reduced tax rates on a slew of items incuding refrigerators, washing macines and small televisions from 28 per cent to 18 per cent, giving relief to the common man.

There is 1 question to complete.