GST rolled out in India in 2016

Q.  From which year, the Goods and Service Tax will be rolled out in India?
- Published on 20 Jul 15

a. 2014
b. 2015
c. 2016
d. 2017

ANSWER: 2016
GST will put in place a state-of-the-art indirect tax system from next fiscal, aiming to create a single tax for goods and services across the country. In the Union Budget 2015-16 presented by the Finance Minister Arun Jaitley proposed to roll out the GST from next fiscal beginning April 2016.

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