GST - Banking awareness questions on current affairs

1)   From which year, the Goods and Service Tax will be rolled out in India?

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

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.