GK Questions and Answers on GST: GST MCQ 2023

We have prepared a set of over 50 most important GK questions on GST. These questions are marks-scoring in many national and state level government jobs’ written test including Civil Services exam, SSC, Banking, CDS etc.
We’ll keep adding new questions here. All you need to stay tuned with us and prepare these questions on priority.

GK Questions and Answers on GST

Check below important GK questions and answers on GST:

Question: The concept of Goods and Services Tax (GST) is originated in………..

Ans: Canada

Question: What kind of tax system is found in India?

Ans: Degressive

Question: Which tax rate is not applicable under the GST?

Ans: 25

Question: How Many types of GST in India?

Ans: Four Types

Question: What kind of Tax is GST?

Ans: Indirect Tax

Question: How much percent Insurance taxed under GST?

Ans: 18%

Question: Which constitutional amendment is done to pass the GST bill?

Ans: 101st

Question: Combined Stake of Central and State Government in GSTN is?

Ans: 49%

Question: Which is the main motive of the government behind the introduction of the Goods and Services Tax?

Ans: To increase government revenue

Question: Which is the first state that passed GST Bill in India?

Ans: Telangana

Question: Which state became the first state of India to ratify GST Bill?

Ans: Assam

Question: The highest rate of tax prescribed under IGST is?

Ans: No such limit

Question: A special purpose vehicle_____has been launched to cater the needs of GST?

Ans: GSTC

Question: What does N Stants for in HSN?

Ans: Nomenclature

Question: Who is the chairman of GST council?

Ans: Finance Minister

Question: Creation of the GST Council as per Article_____of the amended Constitution?

Ans: 279A

Question: In which year GST was first proposed in India?

Ans: 2000

Question: Which type of Government charged the tax IGST?

Ans: Central Government

Question: Indian GST model has how many bands of tax rates?

Ans: Four Rates Structure

Question: In India GST came effective from July 1st, 2017. From which country India has borrowed Dual GST Model?

Ans: Canadian

Question: What is Integrated Goods and Services Tax?

Ans: Tax imposed on interstate trade

Question: Which of the following tax will be abolished by the GST?

Ans: Service Tax

Question: GST will be levied on___?

Ans: Manufactures, Retailers and Consumers

Question: Which tax will be abolished by the GST?

Ans: Service Tax

Question: Which of the following is a form of indirect tax?

Ans: Sales tax

Question: GST will be levied on………………..?

Ans: Manufacturers, Retailers, Consumers

Question: Who is the Chairman of GST Committee of State Finance Ministers?

Ans: Amit Mitra

Question: Who is the head of the GST council?

Ans: Nirmala Sitharaman

Question: Which Day announced by The Central Board of Excise and Customs (CBEC) considered as GST Day?

Ans: 1st June

Question: Which goods will not be covered under the GST bill?

Ans: Cooking gas, Liquor, Petrol

Question: GST rate on Smart Phones is?

Ans: 12%

Question: The headquaters of GST Council is located at?

Ans: New Delhi

Question: The country with highest GST Rate in the world is?

Ans: India

Question: GST was introduced as the ____amendment  Act?

Ans: 101

Question: Coal comes under which GST rate Structure?

Ans: 5%

Question: GSTN comes under which Act?

Ans: Companies Act, 2013

Question: GST threshold limit barring North East and hilly states is____lakh?

Ans: 10 Lakhs

Question: GST comes under which amendment bill?

Ans: 122

Question: GST is a ____based  tax on consumption of goods and services?

Ans: Dividend

Question: Presently how many countries have implemented GST?

Ans: 180

Question: In IGST, I stands for?

Ans: Integrated

Question: The country with second highest tax i.e. 27% is:?

Ans: Argentina

Question: Which country is the first one to implement GST to reduce tax-evasion?

Ans: France

Question: What kind of Tax is GST?

Ans: Indirect Tax