English

Under GST ‘value addition’ refers to ______.

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Question

Under GST ‘value addition’ refers to ______.

Options

  • cost plus tax plus profit

  • cost plus tax

  • expense plus profit

  • tax plus profit

MCQ
Fill in the Blanks
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Solution

Under GST ‘value addition’ refers to expense plus profit.

Explanation:

Value addition refers to the sum of expenses and profits.

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Chapter 1: GST [Goods and Service Tax] - Exercise 1 (B) [Page 12]

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Selina Concise Mathematics [English] Class 10 ICSE
Chapter 1 GST [Goods and Service Tax]
Exercise 1 (B) | Q 1. (a) | Page 12
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