We have prepared a set of over 50 most important GK questions on GST. These questions are marks-scoring in many national and state level government jobs’ written test including Civil Services exam, SSC, Banking, CDS etc.
We’ll keep adding new questions here. All you need to stay tuned with us and prepare these questions on priority.
GK Questions and Answers on GST
Check below important GK questions and answers on GST:
Question: The concept of Goods and Services Tax (GST) is originated in………..
Ans: Canada
Question: What kind of tax system is found in India?
Ans: Degressive
Question: Which tax rate is not applicable under the GST?
Ans: 25
Question: How Many types of GST in India?
Ans: Four Types
Question: What kind of Tax is GST?
Ans: Indirect Tax
Question: How much percent Insurance taxed under GST?
Ans: 18%
Question: Which constitutional amendment is done to pass the GST bill?
Ans: 101st
Question: Combined Stake of Central and State Government in GSTN is?
Ans: 49%
Question: Which is the main motive of the government behind the introduction of the Goods and Services Tax?
Ans: To increase government revenue
Question: Which is the first state that passed GST Bill in India?
Ans: Telangana
Question: Which state became the first state of India to ratify GST Bill?
Ans: Assam
Question: The highest rate of tax prescribed under IGST is?
Ans: No such limit
Question: A special purpose vehicle_____has been launched to cater the needs of GST?
Ans: GSTC
Question: What does N Stants for in HSN?
Ans: Nomenclature
Question: Who is the chairman of GST council?
Ans: Finance Minister
Question: Creation of the GST Council as per Article_____of the amended Constitution?
Ans: 279A
Question: In which year GST was first proposed in India?
Ans: 2000
Question: Which type of Government charged the tax IGST?
Ans: Central Government
Question: Indian GST model has how many bands of tax rates?
Ans: Four Rates Structure
Question: In India GST came effective from July 1st, 2017. From which country India has borrowed Dual GST Model?
Ans: Canadian
Question: What is Integrated Goods and Services Tax?
Ans: Tax imposed on interstate trade
Question: Which of the following tax will be abolished by the GST?
Ans: Service Tax
Question: GST will be levied on___?
Ans: Manufactures, Retailers and Consumers
Question: Which tax will be abolished by the GST?
Ans: Service Tax
Question: Which of the following is a form of indirect tax?
Ans: Sales tax
Question: GST will be levied on………………..?
Ans: Manufacturers, Retailers, Consumers
Question: Who is the Chairman of GST Committee of State Finance Ministers?
Ans: Amit Mitra
Question: Who is the head of the GST council?
Ans: Nirmala Sitharaman
Question: Which Day announced by The Central Board of Excise and Customs (CBEC) considered as GST Day?
Ans: 1st June
Question: Which goods will not be covered under the GST bill?
Ans: Cooking gas, Liquor, Petrol
Question: GST rate on Smart Phones is?
Ans: 12%
Question: The headquaters of GST Council is located at?
Ans: New Delhi
Question: The country with highest GST Rate in the world is?
Ans: India
Question: GST was introduced as the ____amendment Act?
Ans: 101
Question: Coal comes under which GST rate Structure?
Ans: 5%
Question: GSTN comes under which Act?
Ans: Companies Act, 2013
Question: GST threshold limit barring North East and hilly states is____lakh?
Ans: 10 Lakhs
Question: GST comes under which amendment bill?
Ans: 122
Question: GST is a ____based tax on consumption of goods and services?
Ans: Dividend
Question: Presently how many countries have implemented GST?
Ans: 180
Question: In IGST, I stands for?
Ans: Integrated
Question: The country with second highest tax i.e. 27% is:?
Ans: Argentina
Question: Which country is the first one to implement GST to reduce tax-evasion?
Ans: France
Question: What kind of Tax is GST?
Ans: Indirect Tax