📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      The GST Council in its 56th meeting approved a two-rate

      system effective from September 22, 2025What are the two main GST rates? 
      A 0% and 12% Correct Answer Incorrect Answer
      B 5% and 18% Correct Answer Incorrect Answer
      C 10% and 20% Correct Answer Incorrect Answer
      D 12% and 28% Correct Answer Incorrect Answer
      E 8% and 18% Correct Answer Incorrect Answer

      Solution

      The GST Council approved a shift to a two-rate GST system of 5% and 18%, while a special 40% rate applies to luxury/sin goods like tobacco and yachtsMany essential and middle-class goods were moved to the 5% slab, while health and life-saving drugs were made 0% rated 

      Practice Next
      More Daily Beepedia Current Affairs Questions

      Relevant for Exams:

      ask-question