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421

Q:

Which of the following is an indirect tax?

  • 1
    Capital gains tax
  • 2
    Goods and services tax
  • 3
    Wealth tax
  • 4
    Gift tax
  • Show Answer
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Answer : 2. "Goods and services tax "
Explanation :

1. Of the following, Goods and Services Tax is an indirect tax.

2. There are many types of indirect taxes, which include service tax, excise duty, customs duty and VAT.

3. GST has simplified the indirect tax system.

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