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Which of the following is a key feature of the 'Goods and Services Tax (GST)' implemented in India?

Practice Questions

1 question
Q1
Which of the following is a key feature of the 'Goods and Services Tax (GST)' implemented in India?
  1. It is a single tax on the supply of goods and services.
  2. It allows for multiple tax rates based on the type of goods.
  3. It is applicable only to goods and not services.
  4. It is levied by the state governments only.

Questions & Step-by-step Solutions

1 item
Q
Q: Which of the following is a key feature of the 'Goods and Services Tax (GST)' implemented in India?
Solution: GST is designed as a single tax on the supply of goods and services, simplifying the tax structure.
Steps: 0

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