Current context: The Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the 38th meeting of the GST Council on 18th Dec 19.
a. 5%
b. 12%
c. 18%
d. 28%
e. None
- The council refrained from any generalized rate increase or removal of exemptions.
- The GST Council had earlier asked the state governments about their views on reviewing rates and 21 states voted in favour of a uniform rate during the Voting.
- The GST council for the first time after the launch of GST has taken a decision through the voting route instead of consensus-based decision making.
- The major decisions taken at the meet are:
- The council voted for a uniform GST rate of 28% on state-run and authorized lotteries across the country, effective from 1st March 2020.
- It was decided to extend the annual date of GSTR 9 filing to January 31, 2020.
- The GST Council rationalised tax rate on woven and non-woven bags to 18%.
- Levy of penalty relaxed for non-filing of GSTR-1 from July 2017.
- GST Council exempts long term lease on industrial plots to facilitate setting up of industrial parks.
- To set up grievance redressal committees at Zonal/state level.
- Decides to slash input tax credit to 10% from 20% presently.
Question:
Q.1 Recently, at the GST council, has decided to put a uniform GST rate of ______% on state run and authorized lotteries across the country?a. 5%
b. 12%
c. 18%
d. 28%
e. None
