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    Question

    The government has exempted payments made for goods

    imported through ocean freight  with effect from October 1. Currently importers are required to pay ______GST under the Reverse Charge Mechanism.
    A 5 percent Correct Answer Incorrect Answer
    B 7 percent Correct Answer Incorrect Answer
    C 10 percent Correct Answer Incorrect Answer
    D 12 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      The government has exempted payments made for goods imported through ocean freight from 5 per cent integrated GST with effect from October 1.    Currently, importers are required to pay 5 per cent GST under the Reverse Charge Mechanism.

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