GST Quiz
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Questions and Answers

Which tax system is GST a successor to in India?

  • Property tax
  • Income tax
  • Sales tax
  • Value Added Tax (VAT) (correct)

    • What is the main difference between GST and VAT?

  • GST has different tax slabs compared to VAT
  • GST is a digitalized form of VAT (correct)
  • GST is imposed at every step in the production process
  • GST is collected from point of origin

    • Which of the following is NOT taxed under GST?

  • Petroleum products
  • Consumer goods (correct)
  • Electricity
  • Alcoholic drinks

    • What is the purpose of refunding GST to parties involved in the production process?

    <p>To reduce the tax burden on consumers</p> Signup and view all the answers

    How many different tax slabs are there under GST?

    <p>5</p> Signup and view all the answers

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