What is the maximum rate prescribed under CGST?
A. 12%
B. 20%
C. 28%
D. 18%
Answer: Option B
Solution(By Examveda Team)
As per section 9 (1) Subject to the provisions of sub-section (2), there shall be levied a tax called the central goods and services tax on all intra-State supplies of goods or services or both, except on the supply of alcoholic liquor for human consumption, on the value determined under section 15 and at such rates, not exceeding twenty per cent., as may be notified by the Government on the recommendations of the Council and collected in such manner as may be prescribed and shall be paid by the taxable person.Join The Discussion
Comments ( 9 )
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28% not incliuded
20%
Sir book me 28% diya hai
Please expain this
than why your answer is 14% in case of SGST/UTGST and for CGST 20%
The maximum tax rate applicable under CGST ss 20% , for IGST the tax rate cannot exceed 40% and for the UT GST Bill the max rate is given as 20% as per the CGST Bill, IGST Bill and UT – GST Bill introduced in the Parliament on 27th Mar 2017.
It should be 28% .
A rate not exceeding 14%., shall be notified by Central/State Government. So, the maximum GST rate for any Goods/Service that could be prescribed together is 14+14 = 28%. GST...
Hi Amit
As per section 9 (1) Subject to the provisions of sub-section (2), there shall be levied a tax called the central goods and services tax on all intra-State supplies of goods or services or both, except on the supply of alcoholic liquor for human consumption, on the value determined under section 15 and at such rates, not exceeding twenty per cent., as may be notified by the Government on the recommendations of the Council and collected in such manner as may be prescribed and shall be paid by the taxable person.