GST (Goods and Services Tax) Related GK Questions

What is GST?

Good and Services Tax (GST): Goods and Services Tax (GST) is an indirect tax levied upon the supply of goods and services in India. GST is considered to be comprehensive(as it subsumed all indirect taxes), multistage(as there is a value addition at every stage), and destination-based tax(as it is collected at the stage of consumption). This tax was introduced to replace all other indirect taxes such as Value-added tax(VAT), Service tax, Purchase tax, Excise duty, and so on. 

In India, GST has been implemented on 1st July 2017. Goods and services tax has been fractionated into four slabs for collection of tax, that is, 0%(nil-rated), 5%, 12%, 18%, and 28%. The benefits of this system help to simplify taxation, and reduction of different taxes into one straightforward system.

GST Related GK Questions

GST-related GK Questions have always been the set of one’s heart and have always appeared in different competitive exams such as UPSC/PSC/SSC/Banking/CDS etc. We hope you find this article helpful, so below are the GST-related General Knowledge Questions.

Q1. What is the Full Form of GST?

Ans. The full form of GST is Goods and Services Tax.

Q2. When was the Goods and Services Tax(GST) implemented in India?

Ans.  Goods and Services Tax(GST) was implemented on 1st July 2017.

Q3. What is the aim of implementing GST in India?

Ans.The main aim of implementing it was one nation, one tax, and one market.

Q4. Which was the first country in the world to implement GST and when?

Ans. France was the first country to implement GST in 1954.

Q5. Which committee suggested the implementation of GST in India?

Ans. Vijay Kelkar’s committee suggested the implementation of GST.

Q6. Which was the first state in India to pass the GST Bill?

Ans. Assam was the first state to pass the GST Bill.

Q7. Which was the first committee to design the GST model?

Ans. The committee to design the GST Model was the Asim DasGupta Committee.

Q8. Who conceptualized the GST in India for the first time?

Ans. The GST was conceptualized in India for the first time in 1999 during the meeting between then PM of India Atal Bihari Vajpayee and his economic advisory panel of three RBI Governors IG Patel, Bimal Jalan, and C. Rangarajan.

Q9. When was GST proposed in India?

Ans. In India, GST was first proposed in the year 2000.

Q10.Where is the headquarters of the GST council?

Ans. The headquarter of the GST Council is in New Delhi.

Q11. Who is the current Chairperson of the GST Council?

Ans. Union Finance Minister Nirmala Sitharaman is the current chairperson of the GST Council.

Q12. How many types of GST are there in India?

Ans. The types of GST in India are Central Goods and Services Tax(CGST), State Goods and Services Tax(SGST), Union Territory Goods and Services Tax(UGST), and Integrated Goods and Services Tax(IGST).

Q13. Which Amendment Act introduced GST in India?

Ans. GST was introduced by the 101st constitutional amendment act in India.

Q14. What are GST Slabs?

Ans. The primary GST slabs for any regular taxpayers are presently pegged at 0% (nil-rated), 5%, 12%, 18% & 28%.

Q15. How many digits is a GST ID number?

Ans. A GST ID number consists of 15 digits.