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Questions and Answers
Which one of these is true about VAT and GST?
Which one of these is true about VAT and GST?
- VAT is only applicable in France, while GST is only applicable in Pakistan.
- VAT and GST are both ad valorem taxes. (correct)
- VAT is based on a fixed amount per product, while GST is based on a percentage of the price.
- Both VAT and GST are direct taxes.
What was the standard rate of VAT in France in 2019?
What was the standard rate of VAT in France in 2019?
- 20% (correct)
- 15%
- 25%
- 10%
What was the standard rate of GST in Pakistan?
What was the standard rate of GST in Pakistan?
- 12%
- 15%
- 10%
- 17% (correct)
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