SarkariPYQ

SSC CGL 2023 PYQ — Question 37

SSC CGL - 20 July 2023 - Shift 3 • General Awareness • Q37

Back to paper

Goods and Service Tax is an example of

Show answer & explanation

Correct answer: D

Explanation

The correct answer is option 4 i.e. indirect tax.

 

  • The Goods and Services Tax (GST) is a prime example of an indirect tax, characterized by its multi-stage taxation, value addition principle, comprehensive coverage, and destination-based taxation.
  • It has ushered in a new era of taxation in India, aimed at simplifying the tax structure, promoting economic growth, and enhancing transparency and compliance in the tax system.