Question
Which country was the first to implement Goods and
Services Tax (GST)?Solution
The tax came into effect from 1 July 2017 through the implementation of theĀ One Hundred and First Amendment of the Constitution of IndiaĀ by theĀ Indian government. The GST replaced existing multiple taxes levied by theĀ centralĀ andĀ stateĀ governments . Goods and services are divided into five different tax slabs for collection of tax: 0%, 5%, 12%, 18% and 28%.
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