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Questions and Answers
What is the primary purpose of GST?
What is the primary purpose of GST?
- To discourage international trade
- To increase the tax burden on consumers
- To simplify the tax structure and reduce tax evasion (correct)
- To complicate the tax system
What does GST stand for?
What does GST stand for?
- Government Service Tariff
- Global Sales Transaction
- General Sales Tax
- Goods and Service Tax (correct)
Who benefits from the implementation of GST?
Who benefits from the implementation of GST?
- Consumers, businesses, and the government (correct)
- Only the government
- Only businesses
- Only consumers
