The Goods and Services Tax (GST) – which has replaced the Central and State indirect taxes such as VAT, excise duty and service tax in India – was implemented on:

Options

A. `15` September 2017
B. `1` July 2017
C. `15` August 2017
D. `2` October 2017

Answer

B

Explanation

Explanation: The Goods and Services Tax (GST) – which has replaced the Central and State indirect taxes such as VAT, excise duty and service tax in India was implemented on July 1, 2017.
Goods and services are divided into 5 different slabs for tax collection- 0%, 5%, 12%, 18% and 28%. Petroleum Products, Alcoholic drinks and electricity are not under this slab.