Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.31)

31. 

From which year, the 35th Goods and Service Tax (GST) Council decided to introduce electronic invoicing system in a phase-wise manner for B2B (Business to Business) transactions?

[A]. 2022
[B]. 2020
[C]. 2025
[D]. 2030

Answer: Option B

Explanation:

Tenure of National Anti-profiteering Authority (NAA) was due to end by 30 November 2019. GST Council extended this tenure by two years, in order to enable it to take up all the pending cases. The authority can take up new cases in future due to rate cut issues, indicating that the GST Council has plans for further rationalisation of GST rates.

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