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

    Question

    On which date was the Goods and Services Tax (GST)

    implemented in India?
    A 1 July 2017 Correct Answer Incorrect Answer
    B 1 October 2017 Correct Answer Incorrect Answer
    C 1 January 2018 Correct Answer Incorrect Answer
    D 1 April 2017 Correct Answer Incorrect Answer

    Solution

    The Goods and Services Tax (GST) was implemented in India on July 1, 2017. This tax reform introduced a single, unified tax system aimed at making the economy more efficient and reducing the overall tax burden on goods and services. The GST replaced multiple cascading taxes levied by the central and state governments.

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