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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define GST.
💡 Hint: Think about where this tax applies.
Question 2
Easy
What does CGST stand for?
💡 Hint: Recall which level of government collects it.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does GST stand for?
- Goods and Services Tax
- General Sales Tax
- Government Service Tax
💡 Hint: Focus on what it taxes.
Question 2
True or False: IGST applies to intra-state transactions.
- True
- False
💡 Hint: Recall the three components of GST.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company sells a product for ₹100,000 and charges 18% GST. If they have paid ₹12,000 in Input GST this year, what does the total GST due to the government?
💡 Hint: Calculate output first, then subtract Input GST.
Question 2
Discuss how a change in GST rate from 18% to 12% affects Net GST and the pricing strategy for a business.
💡 Hint: Think about customer impact as well!
Challenge and get performance evaluation