Which of the following statements is not true regarding
Goods and Services Tax?
AGST in India was first conceptualized in 1999 during the Atal Bihari Vajpayee GovernmentCorrect AnswerIncorrect Answer
BThe authorized capital for GSTN is Rs.10 croreCorrect AnswerIncorrect Answer
CLiquor and petroleum have been kept out of GSTCorrect AnswerIncorrect Answer
DAndhra Pradesh is the first state to pass GST Bill.Correct AnswerIncorrect Answer
E81% items are taxed below 18% in GSTCorrect AnswerIncorrect 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.