Goods and Services Tax Council

1. Who chaired the first committee to design a GST model?

  1. Manmohan Singh
  2. Arun Jaitley
  3. Asim Dasgupta
  4. Raghuram Rajan
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Answer: Option C. Asim Dasgupta

2. What is the highest tax slab under GST in India?

  1. 28%
  2. 18%
  3. 12%
  4. 5%
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Answer: Option A. 28%

3. GST falls under which category of tax?

  1. Direct tax
  2. Wealth tax
  3. Inheritance tax
  4. Indirect tax
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Answer: Option D. Indirect tax

4. What is the full form of ISD in the context of GST?

  1. International Sales Department
  2. Indirect Sales Division
  3. Import Service Duty
  4. Input Service Distributor
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Answer: Option D. Input Service Distributor

5. Which type of GST is applicable for inter-state supply of goods?

  1. SGST (State GST)
  2. IGST (Integrated GST)
  3. CGST (Central GST)
  4. VAT (Value Added Tax)
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Answer: Option B. IGST (Integrated GST)