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What does CGST stand for?

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Question: What does CGST stand for?

Options:

  1. Central Goods and Services Tax
  2. Comprehensive Goods and Services Tax
  3. Common Goods and Services Tax
  4. Centralized Goods and Services Tax

Correct Answer: Central Goods and Services Tax

Solution: 

CGST stands for Central Goods and Services Tax, which is levied by the central government on intra-state supplies.

What does CGST stand for?

Practice Questions

Q1
What does CGST stand for?
  1. Central Goods and Services Tax
  2. Comprehensive Goods and Services Tax
  3. Common Goods and Services Tax
  4. Centralized Goods and Services Tax

Questions & Step-by-Step Solutions

What does CGST stand for?
  • Step 1: Understand that CGST is an abbreviation.
  • Step 2: Know that CGST stands for Central Goods and Services Tax.
  • Step 3: Learn that CGST is a type of tax.
  • Step 4: Recognize that this tax is imposed by the central government.
  • Step 5: Remember that CGST applies to intra-state supplies, which means transactions within the same state.
  • CGST – CGST stands for Central Goods and Services Tax, which is a tax levied by the central government on intra-state supplies.
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