Multiple choice

At present Value Added Tax in India has two sub categories of

  1. 6% and 9%

  2. 4% and 10%

  3. 4% and 12.5%

  4. 5% and 12.5%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

During the VAT implementation era in India (2000s), the two main rates were 4% for essential goods and 12.5% for general goods. These were the standard VAT rates before GST was introduced in 2017.

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