Current Affairs · Economy and Taxation
Consider the following statements regarding the decisions taken during the 56th GST Council meeting held in New Delhi in September 2025: 1. The Council approved a sweeping rationalization towards a simplified two-tier tax structure of 5% and 18% for most goods and services. 2. The GST rate for premium passenger vehicles, hybrid vehicles (>1200cc), and certain luxury events was raised/established at 40%. 3. The GST Council meeting was chaired by Union Minister Piyush Goyal. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1All 1, 2, and 3
- 21 and 2 only✓
- 32 and 3 only
- 41 and 2 only
Correct answer
1 and 2 only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Economy and Taxation MCQs →Want more practice questions on Economy and Taxation?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Economy and Taxation