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Introduction to GST

What is the m...

Question

What is the minimum rate prescribed under GST?

A

5 %

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B

0 %

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C

12 %

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D

8 %

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Solution

The correct option is B $0 %$
Rates of GST are different for different products such as $0 %, 5 %, 12 %, 18 %$ and $28 %$ . These rates are fixed and prescribed by the government. Currently the minimum GST rate is $0 %$ and maximum is $28 %$ .

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