Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Which of the following is one of the taxes eliminated after implementation of Goods and Service tax?

Options:

Value added tax

Excise tax

Sales tax

All of the above

Correct Answer:

All of the above

Explanation:

The following taxes were removed with implementation of Goods and Service taxes:

  • excise
  • octroi
  • sales tax
  • CENVAT
  • service tax
  • turnover tax