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The Goods and Services Tax, which includes both goods and services, was introduced by the Government of India with effect from ________?

A1 April 2015

B1 July 2017

C28 February 2016

D1 March 2018

Answer:

B. 1 July 2017

Read Explanation:

  • The Goods and Services Tax (GST) was introduced in India on 1 July 2017.

  • It is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc.

  • GST Day, celebrated on July 1st each year, marks the implementation of the Goods and Services Tax (GST) in India


Related Questions:

ജി എസ ടി ബിൽ എത്രമത് ഭരണഘടനാ ഭേദഗതി ബില് ആയിരുന്നു?
Under GST, which of the following is not a type of tax levied?
GST ഏകീകരണത്തിനായി കേന്ദ്ര സർക്കാർ രൂപീകരിച്ച സമിതിയുടെ തലവൻ ആരാണ് ?

Which of the following statements(s) is/are correct about GST council of India? Select the correct answer from the options given below:

  1. The Union cabinet approved setting up of the GST council and 14th September 2016.
  2. The Union finance minister is the Chairman of GST council of India.
  3. The first meeting of the GST council was held on 30th September 2016.
    Which of the following is the highest GST rate in India?