Goods and Services Tax

General Sales Tax

Gross Sales Tax

Goods and Sales Tax

To simplify the tax system

To increase tax revenue

To reduce tax evasion

All of the above

CGST

SGST

IGST

All of the above

5%

12%

18%

28%

Businesses

Individuals

Both businesses and individuals

None of the above

TDS is deducted at source, while TCS is collected at source

TDS is deducted from payments made to employees, while TCS is deducted from payments made to contractors

TDS is deducted at a flat rate, while TCS is deducted at a variable rate

All of the above

1%

2%

5%

10%

0.5%

1%

2%

5%

Employers

Contractors

Both employers and contractors

None of the above

Employers

Contractors

Both employers and contractors

None of the above

At the time of payment

At the time of credit

At the time of both payment and credit

None of the above

At the time of payment

At the time of credit

At the time of both payment and credit

None of the above

Through challan

Through online banking

Through both challan and online banking

None of the above

Through challan

Through online banking

Through both challan and online banking

None of the above

Penalty

Interest

Both penalty and interest

None of the above