📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      When did the Goods and Services Tax (GST) become

      operational in India?
      A July 1, 2017 Correct Answer Incorrect Answer
      B May 1, 2016 Correct Answer Incorrect Answer
      C April 1, 2016 Correct Answer Incorrect Answer
      D April 1, 2017 Correct Answer Incorrect Answer

      Solution

      GST became operational in India on July 1, 2017. This comprehensive indirect tax system replaced multiple previous taxes including excise duty, service tax, and value-added tax (VAT). GST functions as a destination-based tax levied at every stage of the supply chain, though the ultimate tax burden falls on the end consumer. The implementation represented a significant reform in India's indirect taxation structure.

      Practice Next
      ask-question