Sales tax is money that has to be paid to the government based on:

As per the given statement Sales tax is money that has to be paid to the government based on purchase of goods or services and the applicable tax rate

What is Sales Tax?

Government-imposed consumption taxes on the purchase of goods and services are known as sales taxes. A typical sales tax is imposed at the moment of sale, paid for by the shop, and then given to the government. If a company has a nexus there, which can be a physical site, an employee, an affiliate, or another presence depending on the regulations in that country, it is responsible for paying sales taxes in that jurisdiction.

What are Goods and Services?

In the business world, goods, which are tangible, and services, which are intangible, can be used to categories goods that are sold, traded, or otherwise delivered to consumers or other companies. Most nations base their economic measurements on the creation and consumption of tangible things as well as intangible services.

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