Question : 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:
Option 1: 1 July 2017
Option 2: 15 August 2017
Option 3: 15 September 2017
Option 4: 2 October 2017
Correct Answer: 1 July 2017
Solution : The correct answer is 1 July 2017
The Indian government implemented the Goods and Services Tax (GST) on July 1, 2017. Every value addition is subject to the comprehensive, multi-stage, destination-based Goods and Services Tax Law in India. There is only one domestic indirect tax law in the nation, known as GST.
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