Question
The GST structure was simplified by the government in
2025 to move to a two-slab system. However, a new tax rate was introduced for luxury and sin good at _____Solution
The 56th meeting of the GST Council, chaired by Union Finance Minister approved Next-Gen GST reforms in September 2025, that aim at simplification of the GST structure. The changes became effective 22 Sep 2025 with following tax changes: • The shift to a two-slab system of 5% and 18%, removing the earlier 12% and 28% rates to make taxation more transparent and easier to follow. • a 40% tax on luxury and sin goods such as pan masala, tobacco, aerated drinks, high-end cars, yachts, and private aircraft to ensure fairness and revenue balance.
Statement:
Some A are B
Few D are B
Some C are D
Conclusion:
I. Some A are C
II. Some D are A is not a p...
Three statements are given followed by three conclusions numbered I, II, and III assuming the statements to be true, even if they seem to be at varian...
- Statements:
Only Biscuit is Cookies
Some Biscuits are Cakes
All Cakes are Candles
Conclusion:
I. No Candle is Cooki... Conclusions:
A few platforms may be trains.
Some tickets being passenger is a possibility.
Statements:
In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if t...
Statements:
All charts are graphs.
Some graphs are data.
Some data are details.
Conclusions:
I. Some graphs are...
In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if t...
In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if ...
Statements:Â
Only a few Towels are Showers.
All Showers are Garments.
No Garment is a Material.
Conclusions:
I. ...
Statements:
Few Date are Week
Few Week are Month
Some Month are not Year
Conclusion:
I. All Date are Month is a possi...
