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What does GST stand for?

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Question: What does GST stand for?

Options:

  1. Goods and Services Tax
  2. General Sales Tax
  3. Gross Sales Tax
  4. Government Sales Tax

Correct Answer: Goods and Services Tax

Solution: 

GST stands for Goods and Services Tax, which is a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services.

What does GST stand for?

Practice Questions

Q1
What does GST stand for?
  1. Goods and Services Tax
  2. General Sales Tax
  3. Gross Sales Tax
  4. Government Sales Tax

Questions & Step-by-Step Solutions

What does GST stand for?
  • Step 1: Understand that GST is an abbreviation.
  • Step 2: Know that GST stands for Goods and Services Tax.
  • Step 3: Recognize that GST is a type of tax.
  • Step 4: Learn that this tax applies to the manufacture, sale, and consumption of goods and services.
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