BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How much is the GST levied on sale of Newspaper
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12%
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5%
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0.25%
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0%
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Explanation:
Detailed explanation-1: -There is a 12% GST on all other types of printed books, newspapers, pictures, manuscripts, typescripts, and plans not listed above. The following is a list of some of the goods taxable at 12% GST: Picture books, drawing books, or colouring books for children.
Detailed explanation-2: -All goods [other than fresh or chilled] pre-packaged and labelled. added sugar or other sweetening matter. Pigs’, hogs’ or boars’ bristles and hair; badger hair and other brush making hair; waste of such bristles or hair. All goods [other than fresh or chilled] pre-packaged and labelled.
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