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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