What was the GST rate in 2023?
8%
7%
9%
10%
Answer
8% was the GST rate in 2023. GST, or Goods and Services Tax, is a comprehensive indirect tax levied on the supply of goods and services. It was introduced in India on July 1, 2017, replacing multiple indirect taxes such as VAT, excise duty, and service tax. The GST rate varies depending on the type of goods or services, with different rates applicable to different categories.
Unveiling Lawrence Wong: A Quiz on Singapore's Rising Politician
Subscribe Now!
Learn something
new everyday
Playing quizzes is free! We send 1 quiz every week to your inbox