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Standard XI
Business Studies
Small Business
What is the m...
Question
What is the maximum rate prescribed under CGST?
A
14%
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B
28%
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C
20%
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D
18%
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Solution
The correct option is
A
14%
There are mainly five tax slabs under which GST is collected across nation
They are
1. 0% 2. 5% 3. 12% 4. 18% 5. 28%
Half Amount is collected by State GST and half by CGST
Therefore, the maximum rate prescribed under CGST is 14%.
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