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In the context of GST, what is the rate of GST applicable on the supply of servi

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Question: In the context of GST, what is the rate of GST applicable on the supply of services?

Options:

  1. 5%
  2. 12%
  3. 18%
  4. 28%

Correct Answer: 18%

Solution: 

The standard rate of GST applicable on the supply of services is 18%.

In the context of GST, what is the rate of GST applicable on the supply of servi

Practice Questions

Q1
In the context of GST, what is the rate of GST applicable on the supply of services?
  1. 5%
  2. 12%
  3. 18%
  4. 28%

Questions & Step-by-Step Solutions

In the context of GST, what is the rate of GST applicable on the supply of services?
  • 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.
  • Step 3: Identify that there are different rates of GST for different types of goods and services.
  • Step 4: Recognize that the standard rate of GST for most services is 18%.
  • Step 5: Conclude that if you are providing or receiving a service, the GST rate applied will typically be 18%.
  • Goods and Services Tax (GST) – GST is a value-added tax levied on most goods and services sold for domestic consumption.
  • Rate of GST on Services – The standard rate of GST applicable on the supply of services is 18%.
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