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QWhat type of tax is GST?

ID: #9780 Constitution MCQs 130 views
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#9780Q ID
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Constitution MCQsTopic
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  • A Direct tax ✔ ✖
  • B Indirect tax ✔ ✖
  • C It depends on the goods and services ✔ ✖
  • D It depends on the associate states ✔ ✖
Correct Answer: Option B

Explanation

Goods and Service Tax (GST) is a type of indirect tax which is levied on the supply of goods and services. It is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer.

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