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Expansion of Swaraj

On what is Go...

Question

On what is Goods and Service Tax (GST) levied?

A

Discount

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B

Selling Price

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C

Marked Price

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D

Cost Price

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Solution

The correct option is B
Selling Price

Goods and Service Tax (GST) is levied on selling price.

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Similar questions

Q. Which of the following statement is correct about GST?
(i) GST is the ‘one point tax’.
(ii) This aims to replace all direct taxes levied on goods and services by the Central and State governments.
(iii) It will be implemented from 1 July 2017 through out the country.
(iv) It will unified the tax structure in India.

Q. Which of the following was a type of tax levied by the Govt on goods and services?

Q. Transport of goods by which of the following is free from levy of the Service Tax?

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