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

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Question: What is the standard rate of GST applicable on most goods and services in India?

Options:

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

Correct Answer: 18%

Solution: 

The standard rate of GST applicable on most goods and services in India is 18%.

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

Practice Questions

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

Questions & Step-by-Step Solutions

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