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

    Question

    Which of the following statements is not true regarding

    Goods and Services Tax?
    A GST in India was first conceptualized in 1999 during the Atal Bihari Vajpayee Government Correct Answer Incorrect Answer
    B The authorized capital for GSTN is Rs.10 crore Correct Answer Incorrect Answer
    C Liquor and petroleum have been kept out of GST Correct Answer Incorrect Answer
    D Andhra Pradesh is the first state to pass GST Bill. Correct Answer Incorrect Answer
    E 81% items are taxed below 18% in GST Correct Answer Incorrect Answer

    Solution

    Telangana is the first state to pass and adapt GST Bill Assam is the first state to ratify the constitutional amendment bill. Bihar follows at second place to both pass the GST bill as well as ratify the constitutional amendment bill.

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