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What is the GST rate applicable on the supply of most goods in India?
What is the GST rate applicable on the supply of most goods in India?
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Practice Questions
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Q1
What is the GST rate applicable on the supply of most goods in India?
5%
12%
18%
28%
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The standard GST rate applicable on most goods in India is 18%.
Questions & Step-by-step Solutions
1 item
Q
Q: What is the GST rate applicable on the supply of most goods in India?
Solution:
The standard GST rate applicable on most goods in India is 18%.
Steps: 5
Show Steps
Step 1: Understand what GST means. GST stands for Goods and Services Tax.
Step 2: Know that GST is a tax applied to the sale of goods and services in India.
Step 3: Learn that there are different GST rates for different categories of goods and services.
Step 4: Identify that the standard GST rate is the most common rate applied to most goods.
Step 5: Find out that the standard GST rate for most goods in India is 18%.
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