State with reasons, whether the following statements are true or false under GST law: The rates for CGST are rates as may be notified by the Government on the recommendations of the GST council. However, maximum rate wil
CS Professional · Advanced Tax Laws · PYQS · June 2021
State with reasons, whether the following statements are true or false under GST law: The rates for CGST are rates as may be notified by the Government on the recommendations of the GST council. However, maximum rate will be 28%.
Answer & Explanation:
False. In terms of provisions of Section 9(1) Central Goods and Services Tax Act, 2017, CGST rates may be notified by the Government on the recommendations of the GST Council. But such rates cannot exceed twenty percent (20%).
Topics: GST - CGST Rates
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