New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    The GST (Compensation to States) Amendment Bill, 2017 is

    aimed at increasing the tax on _________.
    A Commercial land Correct Answer Incorrect Answer
    B Luxury vehicles Correct Answer Incorrect Answer
    C Electronic gadgets Correct Answer Incorrect Answer
    D Industrial goods Correct Answer Incorrect Answer
    E Alcohol Correct Answer Incorrect Answer

    Solution

    The Lok Sabha on 27 December 2017 passed the GST (Compensation to States) Amendment Bill, 2017. The Bill is aimed at increasing the tax on luxury vehicles from 15 per cent to 25 per cent.

    Practice Next