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Commerce · Q9

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 9

Q9

Which of the following statements is not true about the types of GST?

A.
CGST: It is the tax collected by the Central Government on an intra-state sale (a transaction happening within Punjab)
B.
SGST: It is the tax collected by the state government on an intra-state sale (a transaction happening within Maharashtra)
C.
IGST: It is a tax collected by the Central Government for an inter-state sale (Maharashtra to Tamil Gujarat)
D.
All of the above statements are true
Answer

Answer: Option D

Solution

Answer: Option D
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