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  • Question
  • GST on under construction flats cut from 12 percent to __________ %.


  • Options
  • A. 10.5%
  • B. 7%
  • C. 5%
  • D. 8.2%

  • Correct Answer
  • 5% 

    Explanation
    Under construction properties priced over ?45 lakh will attract 5% GST (Goods and Services Tax), instead of 12%. A residential property priced at ?45 lakh or below will now be defined as "affordable" and taxed at 1%, from 8% earlier. The new rates will be effective from April 1, 2019.

  • More questions

    • 1. As per the report of Gemalto's Breach Level Index, Which country placed second in the data breach?

    • Options
    • A. Singapore
    • B. India
    • C. China
    • D. US
    • Discuss
    • 2. Department of Financial Services (DFS), Ministry of Finance and National Informatics Centre (NIC) launched a mobile app to guide a common people in locating a financial service. The app is named as;

    • Options
    • A. Credit Karma
    • B. Harvest
    • C. Jan Dhan Darshak
    • D. Wally Lite
    • Discuss
    • 3. Which among the following plans to launch training programme for journalists in India?

    • Options
    • A. Google
    • B. Facebook
    • C. Twitter
    • D. Microsoft
    • Discuss
    • 4. Smartworks a leading workspaces player, introduced a female AI robot in productivity mascot. It was named as;

    • Options
    • A. Anamika
    • B. SmaMo
    • C. Smart Mitri
    • D. Anushka
    • Discuss
    • 5. The former Chief Minister of Delhi who passed on October 27, 2018 is _________ .

    • Options
    • A. N.D. Tiwari
    • B. Sheila Dikshit
    • C. Sahib Singh Verma
    • D. Madan Lal Khurana
    • Discuss
    • 6. Negasso Gidada Solon passed away at the age of 75 in Germany. He was the former president of this country.

    • Options
    • A. Sudan
    • B. Nigeria
    • C. Kenya
    • D. Ethiopia
    • Discuss
    • 7. What is the name of the book President of India received first copy?

    • Options
    • A. President's Lady Pranaber Preyosi
    • B. Indradhanush Volume-II
    • C. Rashtrapati Bhavan: From Raj to Swaraj
    • D. Life at Rashtrapati Bhavan
    • Discuss
    • 8. Asia's first woman neurosurgeon who passed away at the age of 86 recently?

    • Options
    • A. TS Kanaka
    • B. Dheera Ananthakrishnan
    • C. Jayashree Srinivasan
    • D. Aruna Ganju
    • Discuss
    • 9. Which Union minister Inaugurates the Integration of eSanad with CBSE's Academic Repository recently?

    • Options
    • A. Shri Nitin Gadkari
    • B. Shri Suresh Prabhu
    • C. Smt Sushma Swaraj
    • D. Smt Smriti Irani
    • Discuss
    • 10. Name the Social entrepreneur from Tamil Nadu, who was ranked 45th in the Fortune magazine's 2019 list of the world's greatest leaders for inventing low cost pad making machine.

    • Options
    • A. Naveen Krishna
    • B. Sandeep Ahuja
    • C. Arunachalam Muruganantham
    • D. Smita Ram
    • Discuss


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