Which of the following is/are not a tax slab of the Goods and Services Tax?
A
5%
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B
12%
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C
24%
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D
38%
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Solution
The correct option is D 38% The GST rate is not the same for all goods. They are arranged under four tax slabs: 5%, 12%, 18%, and 28%. The goods and services fall under different slabs based on whether they are of daily use or a luxury.