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What is the rate of GST on the supply of goods and services under the standard r

Practice Questions

Q1
What is the rate of GST on the supply of goods and services under the standard rate?
  1. 5%
  2. 12%
  3. 18%
  4. 28%

Questions & Step-by-Step Solutions

What is the rate of GST on the supply of goods and services under the standard rate?
  • Step 1: Understand what GST stands for. GST means Goods and Services Tax.
  • Step 2: Know that GST is a tax applied to the supply of goods and services.
  • Step 3: Learn that there are different rates of GST, and one of them is called the standard rate.
  • Step 4: Find out what the standard rate of GST is. In this case, it is 18%.
  • Step 5: Conclude that when you buy goods or services under the standard rate, you will pay 18% GST.
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