Question

The tax levied by Central Government for trading within a state is:
A.IGST
B.CGST
C.SGST
D.UTGST

Answer 1

Answer : $\bold{CGST}$


The tax levied by Central Government for trading within a state is "CGST"


Extra Information :-

GST :-

GST stands for Goods and Services Tax. Goods and Services Tax levied on the supply of goods and services.

GST is an indirect tax for the whole Nation. It is a single tax on the supply of goods and services right from the producer to the customer.

GST is categorised into CGST, SGST and IGST depending on whether the transaction is Inter state or Intra state.

CGST stands for Central Goods and Service Tax. This tax is levied on Intra state supply of goods and services.

The Tax which is levied on Goods and services by the Central Government within a state is "CGST".

SGST stands for State Goods and services tax. This tax is levied on Intra state supply of goods and services by the State Government.

IGST is stands for Integrated Goods and services tax. This tax is levied on all Inter state supply of goods and services.

The Tax which is levied on Goods and services by the Central Government within a state is "CGST". Hence, Option - B "CGST" is required answer.

Answer 2

Answer: CGST

Step-by-step explanation: