2 Views

Question : Which of the following is an indirect tax?

Option 1: Death duty

Option 2: Interest tax

Option 3: Goods and services tax

Option 4: Capital gains tax


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 14th Jan, 2024

Correct Answer: Goods and services tax


Solution : The correct answer is the Goods and services tax.

Goods and services tax (GST) is an indirect tax. It is a consumption-based tax that is levied on the supply of goods and services. Death duty, interest tax and capital gains tax are examples of direct taxes. GST, or Goods and Services Tax, has replaced various other indirect taxes like excise duty, VAT and services tax.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books