alleryStart learning →The Goods and Services Tax was implemented in India with effect from
A1 July 2017
B1 April 2015
C1 January 2019
D1 April 2020
Answer & Solution
Correct answer: A. 1 July 2017
1. GST replaced a fragmented set of indirect taxes on goods and services.
2. It was implemented by the Centre, 28 states and 7 Union Territories.
3. The commencement date was **1 July 2017**.
4. It covers both goods and services, which is what distinguishes it from the older excise and service tax regime.
_Source: syllabus Introductory Macroeconomics, Ch 5 "Government Budget and the Economy", section 5.1.2 Classification of Receipts_
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