GST Flashcard

Front

What does GST stand for?

Back

Goods and Services Tax

Front

When was GST implemented in India?

Back

1st July 2017

Front

How many tax slabs are there under GST?

Back

4

Front

Which of the following taxes was NOT subsumed under GST? Excise Duty, VAT, Service Tax, Customs Duty

Back

Customs Duty

Front

What is the full form of IGST?

Back

Integrated Goods and Services Tax

Front

What is the threshold turnover for mandatory GST registration for service providers?

Back

₹20 lakh

Front

What is the highest GST rate slab?

Back

28%

Front

Which of the following is NOT an indirect tax? GST, Income Tax, Excise Duty, Customs Duty

Back

Income Tax