New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Who will notify the rate of tax to be levied under CGST

    Act?
    A Central Government Correct Answer Incorrect Answer
    B State Government Correct Answer Incorrect Answer
    C GST Council Correct Answer Incorrect Answer
    D Central Government as per the recommendations of the GST Council Correct Answer Incorrect Answer

    Solution

    The Central Government determines the rate of tax under the Central Goods and Services Tax (CGST) Act, but it does so based on the recommendations provided by the GST Council. The GST Council is a body that includes representatives from both the Central and State Governments, and it collaboratively decides on GST-related matters, including tax rates. So, the rate of tax is ultimately set by the Central Government, but it follows the guidance and recommendations of the GST Council to ensure a consensus among the states and the central authority.

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