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Goods & Service Tax replaced which tax?
9. Goods & Service Tax replaced which tax?
- VAT
- Excise Duty
- Central Sales Tax
- All of the above
Answer: D) All of the above
Explanation:
GST is an objective-based duty, which is gotten by a State wherein the products are devoured yet not by a state wherein such merchandise is made. In contrast to prior when there were different duties, for example, Central Excise, Service Tax and State VAT and so on, under GST, there is only one duty with three parts CGST, SGST, and IGST.