Kerala PSC Current Affairs – GST
1. What is GST ?
Goods and Services Tax
2. What is CGST?
Central Goods and Service Tax
3. What is SGST?
State Goods and Service Tax
4. What is IGST?
Integrated Goods and Service Tax
5. The concept of Goods and Services Tax (GST) is originated in–
Canada
6. Which of the following country is the first one to implement GST?
France
7. Which state became the first state of India to ratify GST bill?
Assam
8. In which year GST was first introduced in India?
2000
9. The headquarters of GST council is located at–
New Delhi
10. Presently how many countries have implemented GST?
160
11. How many countries have dual – GST model?
None of these
12. Who is the head of the GST council?
Arun Jaitley
13. Which article spells formation of GST Council?
279A
14. Which of the following tax will be abolished by the GST?
Service Tax
15. What is Integrated Goods and Services Tax?
Tax imposed on interstate trade
16. GST will be levied on–
All of the above
17. What kind of Tax is GST?
Indirect Tax
18. Which constitutional amendment is done to pass the GST bill?
101st
19. Who is the chairman of GST council?
Finance Minister
20. The country with highest GST Rate in the world is–
India
21. In India GST came affective from July 1st, 2017, India has chosen ………………. model of dual – GST.
Canadian
22. The tax IGST charged by ………………. Government.
Central
23. GST comes under which amendment bill?
122
24. How many types of GST in India?
3
25. Which country has the second-highest GST rate of 27%?
Argentina
26. What kind of Tax is GST?
Indirect Tax
27. Which of the following tax will be abolished by the GST?
Service Tax
28. India has chosen ………………. model of dual-GST?
Canadian
29. GST was introduced as the ………………. amendment Act.
101
30. A special purpose vehicle ………………. has been launched to cater the needs of GST.
GSTN
31. GST is a ………………. based tax on consumption of goods and services.
Destination
32. Indian GST model has how many bands of tax rates?
4
33. The highest rate of tax prescribed under IGST is–
28%
34. Combined Stake of Central and State Government in GSTN is–
49%
35. The Central Board of Excise and Customs (CBE(C) announced that every year ………………. will be considered as GST Day.
July 1
36. Who is the chairman of GST committee of state finance ministers?
Amit Mitra
37. What is Integrated Goods and Services Tax?
Tax imposed on interstate trade
38. In India, the GST Council has come out with a four-rate structure. They are?
5%, 12%, 18% and 28%
39. The IGST is charged by?
Central Government of India
40. Ayurvedic products comes under which rate structure?
12%
41. Under which Act GST was introduced?
101
42. GST council formation based on Article number–
279A
43. Under GST, Smartphones will be taxed at ………………. per cent.
12%
44. GSTN comes under which Act?
Companies Act, 2013
45. Combined Stake of Central and State Government in GSTN is–
49%