Question

Standard rates of GST are \(\underline{\hspace{2cm}}\).

Hint:

GST rates may vary for different goods and services. 18% is the most common rate, but there are exemptions and reduced rates for specific items.

Answer 1

Step 1: Understanding GST.
The Goods and Services Tax (GST) is a single tax on the supply of goods and services in India. The standard GST rate is 18%, which applies to most goods and services unless specifically exempted.

Step 2: Conclusion.
Thus, the correct answer is 18%.