Question 16 of 18
Q.GST stands for ______.
(a) Goods and Sales Tax
(b) Goods and Social Tax
(c) Goods and Salary Tax
(d) Goods and Service Tax
Tamil Nadu DgeTamil Nadu HSC (DGE) Commerce Board 2025MCQ· 1mImportance★★★★★
89% · 16/18 Questions
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Start your 14-day free trial to unlock the full solution →GST stands for Goods and Service Tax, so the correct answer is option (d).
Explanation:
- GST = Goods and Service Tax, a comprehensive, destination-based indirect tax levied on the supply of goods and services across India. It subsumed many earlier taxes (excise, VAT, service tax, etc.) into one unified tax and is a major feature of the economic/legal component of the business environment.
- The other expansions — Goods and Sales Tax, Goods and Social Tax and Goods and Salary Tax — are incorrect. …
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