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anshika goyal

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· 1 Months ago

GST (Question: 191330.0 )

VAT and Service Tax were 2 taxes but now only GST is levied. this means that GST is not just VAT. That's why for VAT and Alternate tax options, I selected option all above

Question:
Goods and services tax is ______________.
Options:
A) Value added tax
B) Corporate tax 
C) Modified alternate tax 
D) All of these 
Solution:
Ans: (a) 

The Goods and Services Tax (GST) is a Value Added Tax (VAT) to be implemented  in India, the decision on which is pending. It will replace all indirect taxes levied on goods and services by the Indian Central and State governments. It is aimed at being comprehensive for must goods and services. 

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