The 'Goods and Services Tax' on toll charges is: MCQ with Answer and Explanation

Question

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The 'Goods and Services Tax' on toll charges is:

A. 18%

B. 0%

C. exempt

D. 5%

Answer: Option C

Solution (By JKSSB Mock Tests)

Toll charges are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on online gaming is:

A. 12%

B. 5%

C. 18%

D. 28%

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Correct Answer: Option D

Explanation:
Online gaming services attract 28% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'National Skill Development Corporation' was set up as a:

A. regulatory body

B. government department

C. public-private partnership

D. state-owned company only

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Correct Answer: Option C

Explanation:
NSDC is a public-private partnership for skill development.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on import of services is:

A. levied as IGST under reverse charge

B. 12%

C. not levied

D. 5%

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Correct Answer: Option A

Explanation:
Import of services attracts IGST under reverse charge.

This question belongs to: Economy GK Economy Set 1

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