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

    Question

    Which of the following nations does not has GST?

    A USA Correct Answer Incorrect Answer
    B Canada Correct Answer Incorrect Answer
    C Malaysia Correct Answer Incorrect Answer
    D Australia Correct Answer Incorrect Answer
    E All of them have GST Correct Answer Incorrect Answer

    Solution

    The US: The only major economy that does not have GST. States enjoy high autonomy in taxation. France: The first country to implement GST in 1954. Today 160 countries have GST/VAT. Most European countries introduced GST back in the 1970s-80s. China completed Value Added Tax (VAT) reforms in 2016 to replace its conflicting Business Tax system. 

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