Question

When trader collects GST at the time of sale, it is called ______.

Options

• CGST

• Output tax

• Input tax

• SGST

Answer 1

When trader collects GST at the time of sale, it is called output tax.

Explanation:

GST that a trader collects from customers at the time of sale is called the output tax; the GST paid when purchasing goods is the input tax and CGST/SGST are the central/state components.