GST (Goods and Service Tax) is mainly consumption based tax with a one main principle which is: Option 1: One rate for one type of goods only in U.T. Option 2: Different rate for services in different state Option 3: One rate for one type of goods/services Option 4: No GST for metropolitian cities

The answer is 'One rate for one type of goods/services'. View full solution:

CUET Economics - GST (Goods and Service Tax) is mainly consumption based tax with a one main principle which is: | PYQs + Solutions

CUET Economics

Macro

Easy

One rate for one type of goods only in U.T.

Different rate for services in different state

One rate for one type of goods/services

No GST for metropolitian cities

✅ Correct Option: 3