Practicing Success
Practicing Success
CUET Preparation Today
Identify the statement which is incorrect about GST ? |
GST is known as single comprehensive indirect tax It has amalgamated a large number of central and state taxes and cess It is destination based consumption tax It was operational from 1 June 2016 |
It was operational from 1 June 2016 |
The correct answer is option (4) : It was operational from 1 June 2016 GST (Goods and Services Tax) was officially implemented in India on July 1, 2017, and not from June 1, 2016. The rollout of GST marked a significant reform in the taxation system by replacing various indirect taxes levied by the central and state governments. |
