Economics · Taxation in India
Which of the statements is/are true regarding Goods and Services Tax (GST)? 1. GST was finally implemented on July 1st, 2017. 2. 17 existing Central and State indirect taxes were merged into this tax. 3. This tax is popularly known as the 'Single VAT'.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 11, 2 and 3 are correct
- 22 and 3 are correct
- 3Only 2 is correct
- 4Only 1 is correct✓
Correct answer
Only 1 is correct
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 Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Taxation in India MCQs →Want more practice questions on Taxation in India?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Taxation in India