GST

Question 1

Through which legislation was GST introduced in India?

Answer 1

101st Amendment Act, 2016

Question 2

As per which article of the Indian constitution is the GST council formed?

Answer 2

Article 279A - GST Council to be formed by the President to administer & govern GST

Question 3

What are the 4 tax slabs of GST?

Answer 3

5%, 12%, 18% and 28%.

Question 4

What was the Slogan for GST ?

Answer 4

One nation One tax

Question 5

Which of the following is true as per GST council?

Answer 5

a)The Union Minister of Finance is the chairperson of the GST council and one among the 2 representatives of the centre in the council
b)The GST council consists of 33 members.(one from each legislative state and UT)
c)The recommendations of the GST council is not binding as per SC order passed in May,2022
d)All of the above

Question 6

Which are the goods exempted from GST taxation?

Answer 6

Petroleum ,Tobacco,Liquor and Electricity

Question 7

From which date was GST applicable?

Answer 7

1st July 2017

Question 8

which of the following is not true?

Answer 8

a) GST council is the first Federal institution of India
b)GST is a destination based Tax
c)Both A and B
d) neither A and B