Which of the following is a feature of the Indian tax structure after the introduction of GST? MCQ with Answer and Explanation

Which of the following is a feature of the Indian tax structure after the introduction of GST?
A. Unified tax on goods and services with input tax credit
B. Only central taxes without state participation
C. Complete absence of state taxes
D. Multiple cascading taxes on goods
Answer: Option A
Solution (By JKSSB Mock Tests)
GST replaced multiple cascading taxes with a unified tax on the supply of goods and services, allowing input tax credit and involving both the Centre and the States.

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The 'Bharat QR code' is used for:
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C. digital payments at merchant locations
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Correct Answer: Option C


Explanation:
Bharat QR code is used for QR-based digital payments at merchants.

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A. 2018
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Correct Answer: Option B


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Question #3
The 'Goods and Services Tax' rate on restaurant services in AC restaurants was initially 18%, but later revised to:
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C. 18%
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Correct Answer: Option A


Explanation:
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