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Name the tax which combine all indirect...

Name the tax which combine all indirect taxes :

A

VAT

B

Sales Tax

C

GST

D

Excise

Text Solution

Verified by Experts

The correct Answer is:
(c)
As per THE Goods and services tax act 2017, GST SUBSUMED ALL TAXES . therefore, option (C).
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Knowledge Check

  • 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:

    A
    `2` October 2017
    B
    `15` September 2017
    C
    `15` August 2017
    D
    `1` July 2017

  • 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:

    A
    `15` September 2017
    B
    `1` July 2017
    C
    `15` August 2017
    D
    `2` October 2017

  • Which two of the following taxes are indirect taxes ?

    A
    Sales tax and Income tax
    B
    Income tax and Wealth tax
    C
    Sales tax and Excise tax
    D
    Income tax and Excise tax

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    Define indirect tax . Give two examples of indirect taxes .

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