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Question
Current Affairs
Which tax slabs are to be removed by the support of Group of Ministers (GoM) from the Goods and Services Tax (GST)?
Official answer & explanation
A
5% and 12%
B
12% and 18%
C
12% and 28%
D
5% and 18%
Why this is correct
Once the GST Council approve it then only 5%, 18% and 40% slab may be introduced. 40% slab may be introduced for ultra-luxury goods.
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Ajay Lodhi11 months ago Top answer
It means some of the products will be in 40% tax slab😾