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What is the GST rate applicable on the supply of most goods?

Practice Questions

Q1
What is the GST rate applicable on the supply of most goods?
  1. 5%
  2. 12%
  3. 18%
  4. 28%

Questions & Step-by-Step Solutions

What is the GST rate applicable on the supply of most goods?
  • Step 1: Understand what GST means. GST stands for Goods and Services Tax.
  • Step 2: Know that GST is a tax applied to the sale of goods and services.
  • Step 3: Learn that there are different GST rates for different goods and services.
  • Step 4: Identify that the standard GST rate is the most common rate applied.
  • Step 5: Find out that the standard GST rate for most goods is 18%.
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