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What is the rate of GST applicable on the supply of most goods and services in I

Practice Questions

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

Questions & Step-by-Step Solutions

What is the rate of GST applicable on the supply of most goods and services in India?
  • Step 1: Understand that GST stands for Goods and Services Tax.
  • Step 2: Know that GST is a tax applied to the supply of goods and services in India.
  • Step 3: Recognize that there are different GST rates for different categories of goods and services.
  • Step 4: Identify that the rate of GST that applies to most goods and services is 18%.
  • Step 5: Conclude that if you are dealing with most goods and services in India, you will use the 18% GST rate.
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