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    Question

    As of July 1, 2025, how many years has the Goods and

    Services Tax (GST) been in operation?
    A 7 years Correct Answer Incorrect Answer
    B 8 years Correct Answer Incorrect Answer
    C 9 years Correct Answer Incorrect Answer
    D 10 years Correct Answer Incorrect Answer
    E 6 years Correct Answer Incorrect Answer

    Solution

    The GST completed eight years on 1 July 2025, having been implemented on 1 July 2017. It replaced multiple indirect taxes with a unified system and aimed to simplify tax compliance, reduce cascading effects, and foster a common market across India. Over these eight years, GST has significantly impacted revenue collections, logistics, and MSME support.

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