Economy, asked by kingz3624, 10 months ago

Which of the following is not true regard to Goods and Services Tax (GST) ?
A) It will replace luxury tax B) It is a direct tax C) It will replace multiple taxes on a product or service D) It is an indirect tax

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Answered by topper05

Under the current taxation structure, a total of 17 state and central taxes such as the Value Added Tax (VAT), service tax, excise duty, and sales tax would be abolished and GST would take its place. Trucks carrying consumables and other products wait in long queues to pay taxes before entering one state.

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Which of the following is not true regard to Goods and Services Tax (GST) ? A) It will replace luxury tax B) It is a direct tax C) It will replace multiple taxes on a product or service D) It is an indirect tax

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Which of the following is not true regard to Goods and Services Tax (GST) ?
A) It will replace luxury tax B) It is a direct tax C) It will replace multiple taxes on a product or service D) It is an indirect tax