From which year, the Goods and Service Tax will be rolled out in India?

a. 2014

b. 2015

c. 2016

d. 2017

ANSWER: 2016

Explanation:

GST will put in place a state-of-the-art indirect tax system from next fiscal, aiming to create a single tax for goods and services across the country. In the Union Budget 2015-16 presented by the Finance Minister Arun Jaitley proposed to roll out the GST from next fiscal beginning April 2016.