Is there any ceiling limit prescribed on the rate under IGST?

12%
18%
28%
40%

The correct answer is: C. 28%

The Integrated Goods and Services Tax (IGST) is a tax levied on inter-state supply of goods and services. The rate of IGST is 28%. However, there are certain goods and services that are exempt from

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IGST, such as food items, education, and healthcare.

The other options are incorrect because they are not the rates of IGST. Option A, 12%, is the rate of Central Goods and Services Tax (CGST). Option B, 18%, is the rate of State Goods and Services Tax (SGST). Option D, 40%, is the rate of Union Territory Goods and Services Tax (UTGST).

I hope this helps!

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