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
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.
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Question : Which of the following taxes is proportional in nature?
Question : The liability to pay the tax and the actual burden of which of the following taxes lie on two different persons?
Question : Which of the following sets belongs to central tax?
Question : The Goods and Services Tax (GST) – which has replaced the Central and State indirect taxes such as VAT, excise duty, and service tax in India – was implemented on:
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