Economics · Goods and Services Tax
Under the Central Goods and Services Tax (CGST) Act, 2017, which of the following statements is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It replaces personal income tax
- 2It is applicable only on exports
- 3It is levied on intra-state supply of goods and services by the Central Government✓
- 4It is levied by State Governments only
Correct answer
It is levied on intra-state supply of goods and services by the Central Government
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