Answer: Option [A]
Answer: Option [C]
Assam became the first state in the country to ratify the constitution amendment bill on the Goods and Services Tax (GST) as the assembly unanimously passed the bill.
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Answer: Option [D]
GSTN - Goods and Services Tax Network.
Answer: Option [A]
Answer: Option [E]
Finance Minister Arun Jaitley is the current chairman of GST council.
Answer: Option [D]
Destination based tax or consumption tax are levied where goods and services are consumed. In destination-based taxation, exports are allowed with zero taxes whereas imports are taxed on par with the domestic production.
Answer: Option [C]
In India GST model has 4 rate structure. They are 5%, 12%, 18% and 28%.
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