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Home Questions AKU6G3HJ9G
Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Goods and services tax became operational from _____.

Options:

1 July 2018

1 June 2017

1 July 2017

2 June 2017

Correct Answer:

1 July 2017

Explanation:

The correct answer is Option (3) → 1 July 2017

In 2016, the Indian Parliament passed a law, Goods and Services Tax Act 2016, to simplify and introduce a unified indirect tax system in India. This law came into effect from 1 July 2017.

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