When did Goods and Services Tax become operational?

Question of The Day29-08-2023

Goods and services tax (GST) became operational from ______.

Answer

Correct Answer : a ) 1 July 2017

Explanation :

On July 1, 2017, the GST law was implemented, replacing a complex web of central and state taxes.

Under the Indian GST, goods, and services are classified into various tax slabs including 5%, 12%, 18%, and 28%.

The idea of a nationwide GST in India was first proposed by the Kelkar Task Force on Indirect Taxes in 2000.

Hence, (a) is the correct answer.

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