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ajay kaushik

· started a discussion

· 1 Months ago

GST (Question: 332375.0 )

some goods are exempted

Question:

Consider the following statements about GST bill of India:

1. GST consists of three components such as Central GST (COST), State GST (SGST) and Local GST (LGST)

2. COST & SGST will apply to all transactions of goods & services

Which of the above statements are correct?

Options:
A)

Only 1

B)

Only 2

C)

Both 1 & 2

D)

Neither of the two

Solution:

Ans: (b)

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