Question

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

• A. 1 April 2015
• B. 1 July 2017
• C. 28 February 2016
• D. 1 March 2018

Answer 1

Answer:

B. 1 July 2017

• 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