GST stands for
- Goods and Services Tax
- General Sales Transaction tax
- Government Services Tariff tax
- Gross Sales Treasury tax
Show answer and solution
Correct answer: A. Goods and Services Tax
1. GST is an indirect tax on the supply of goods and services in India.
2. It replaced many earlier indirect taxes including VAT.
3. Its full form is Goods and Services Tax.
4. So option A is correct.
_Source: Selina Concise Mathematics Class 10, Ch on Value Added Tax / GST (Mistral OCR'd PDF), section on GST_