Question

9. GST IS equivalence of
(a) Sales Tax
(b)corporation tax
(c) Income Tax
(d) Local tax
​

Answer 1

Answer:

(A) Sales Tax

Explanation:

GST is equivalence of sales tax.

Answer 2

Answer:

The principle of equivalence means that the tax rates on most of the goods and services remain the same or close to the existing rates," he explained. Jaitley also brushed aside the comparison with other countries where GST has one or two tax rates.