Question : Which of the following is an indirect tax?
Option 1: Capital gains tax
Option 2: Goods and services tax
Option 3: Wealth tax
Option 4: Gift tax
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Correct Answer: Goods and services tax
Solution : The correct answer is the Goods and services tax .
A tax on goods and services is known as the goods and services tax or GST. It is an indirect tax that was put in place to take the place of several other indirect taxes, including excise duty, VAT, purchase tax, and service tax. In India, it is imposed on the supply of specific goods and services.
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Question : Which of the following is not an indirect tax?
Question : Which type of tax acts as an automatic stabiliser in the economy?
Question : Which of the following taxes is levied by the state government only?
Question : In India, which of the following taxes is levied by the state government?
Question : Buildings, machinery, tools, and equipment are a few examples of the capital goods that firms employ to produce their goods and services.
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