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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★★★★★
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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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