KBC 14: Which of the following is a form of Indirect Tax in India?

KBC 14: Which of the following is a form of Indirect Tax in India?

Options:

Goods and Services Tax

Corporate Tax

Income Tax

Capital Gains Tax

Answer: Goods and Services Tax

India uses the Goods and Services Tax (GST) as an indirect tax on the provision of goods and services, sometimes known as a consumption tax. It is a thorough, multistage, destination-based tax. Due to its multi-staged nature, the GST is levied at each stage of production. However, because it is a destination-based tax, rather than an origin-based tax like earlier ones, it is collected from the point of consumption rather than the place of origin.

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