Question

Which of the following statements is not true regarding Goods and Services Tax?

Q: Answer-Which of the following statements is not true regarding Goods and Services Tax?

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.

A GST in India was first conceptualized in 1999 during the Atal Bihari Vajpayee Government

B The authorized capital for GSTN is Rs.10 crore

C Liquor and petroleum have been kept out of GST

D Andhra Pradesh is the first state to pass GST Bill.

E 81% items are taxed below 18% in GST

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Which of the following statements is not true regarding Goods and Services Tax?

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