Prostuti360°Prostuti360°
Log in

WBCS Main Examination 2023 — Paper V: Indian Constitution and Economy · Question 166 of 200

Q166
Indian EconomyPublic Finance, Budget & Taxation
For most goods and services, the Goods and Services Tax is shared by the Central and the State Governments in the ratio of
  1. a.50 : 50
  2. b.40 : 60
  3. c.60 : 40
  4. d.70 : 30

Answer: (A) 50 : 50

On intra-State supplies GST is levied as equal halves of Central GST and State GST — for example 9% CGST plus 9% SGST on an 18% item — so the split is 50 : 50. The 60 : 40 ratio is the usual Centre–State share in centrally sponsored schemes, not GST.

Q165 Whole paperQ167