Chapter: Financial Planning· Mathematics Part 1 (Algebra)

The GST paid by a trader at the time of purchasing goods is called _____.

Q.14 The GST paid by a trader at the time of purchasing goods is called _____.

A. input tax

B. output tax

C. CGST only

D. brokerage

Doubtly Asked 29 Oct 2026 Practice test ssc 10th Save WhatsApp Report

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Answer: (A) input tax

Tax paid while buying is input tax; tax collected while selling is output tax. The input tax can be claimed back as Input Tax Credit (ITC), and GST payable = output tax − ITC.

Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report

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The GST paid by a trader at the time of purchasing goods is called _____.

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