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Which of the following is a component of the GST structure?

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Question: Which of the following is a component of the GST structure?

Options:

  1. Income Tax
  2. Customs Duty
  3. CGST
  4. Wealth Tax

Correct Answer: CGST

Solution: 

CGST (Central Goods and Services Tax) is a component of the GST structure, along with SGST and IGST.

Which of the following is a component of the GST structure?

Practice Questions

Q1
Which of the following is a component of the GST structure?
  1. Income Tax
  2. Customs Duty
  3. CGST
  4. Wealth Tax

Questions & Step-by-Step Solutions

Which of the following is a component of the GST structure?
  • Step 1: Understand what GST stands for. GST means Goods and Services Tax.
  • Step 2: Learn that GST is made up of different parts or components.
  • Step 3: Identify the three main components of GST: CGST, SGST, and IGST.
  • Step 4: Recognize that CGST stands for Central Goods and Services Tax.
  • Step 5: Conclude that CGST is one of the components of the GST structure.
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