Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

When did GST came in effect in India?

Options:

1 July, 2017

1 April, 2017

1 July, 2016

1 April, 2016

Correct Answer:

1 July, 2017

Explanation:

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

The Goods and Services Tax (GST) came into effect in India on 1 July 2017. It was launched at a special midnight session of Parliament and replaced multiple indirect taxes such as VAT, excise duty, and service tax with a single unified tax system across the country.