What is GST?
A
:
A direct tax
B
:
An indirect tax
C
:
A corporate tax
D
:
A municipal tax
General Knowledge
Economy
Answer
Option 2 : An indirect tax
Explanation
The correct answer is An indirect tax.
- A type of tax that is imposed on goods and services rather than on income is known as indirect tax.
- GST stands for Goods and Services Tax.
- It is an indirect tax that has replaced all the other indirect taxes such as sales tax, entertainment tax, etc.