Indian-Economy
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Q.

General sales tax is a form of:

 A.

Stamp duty

 B.

Consumption tax

 C.

Corporate tax

 D.

Estate duty

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Solution:
Option(B) is correct

General Sales tax (GST) is a form of consumption tax. From the perspective of the buyer, it is a tax on the purchase price.

From that of the seller, it is a tax only on the value added to a product, material, or service, from an accounting point of view, by this stage of its manufacture or distribution


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