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P1 C3 Introduction To Goods and Service Tax — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C3 Introduction To Goods and Service Tax1 Mark
Question
What is $GST$ and types of $GST?$
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Answer

$GST$ stands for Goods and Services Tax. It is classified into three types: $(1) CGST —$ Central $GST, (2) SGST -$ State $GST$ and $(3) IGST –$ Integrated $GST.$

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