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What is the rate of GST applicable on the supply of goods and services in India?

Practice Questions

Q1
What is the rate of GST applicable on the supply of 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 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: Learn that there are different rates of GST for different goods and services.
  • Step 4: Identify that the standard rate of GST for most goods and services is 18%.
  • Step 5: Remember that some items may have lower or higher GST rates, but 18% is the most common.
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