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Question : How many tax slabs are classified in the GST Bill?

Option 1: Seven

Option 2: Three

Option 3: Eight

Option 4: Four


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 26th Jan, 2024

Correct Answer: Four


Solution : The correct option is Four .

India's goods and services tax (GST) has four tax slabs.

  • 5% - This slab is applied to essential goods.
  • 12% - Goods and services falling under this slab included items that were neither classified as essential nor as luxury.
  • 18% - This slab covered a range of goods and services, including items considered in the mid-tier in terms of taxation.
  • 28% - This is the highest slab, applied to luxury goods and services.

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