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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