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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