GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Indirect taxes includes -
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Sales Tax
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VAT
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GST
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All of these
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Explanation:
Detailed explanation-1: -Examples of indirect taxes include sales tax, entertainment tax, excise duty, etc. These are levied on the sellers of goods or the providers of service, where it is passed on to the end consumer in the form of service tax, excise duty, entertainment tax, custom duty etc.
Detailed explanation-2: -The correct answer is Indirect Tax. Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services.
Detailed explanation-3: -Hence, gift tax is not an indirect tax.
There is 1 question to complete.