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UKPSC PCS 2021 · Question 73 of 148

Which of the following taxes are abolished by the Goods and Services Tax?

Economy

  1. AProperty Tax
  2. BCorporation Tax
  3. CValue Added TaxCorrect
  4. DIncome Tax

Answer: C. Value Added Tax

Explanation

GST subsumed indirect taxes like VAT, excise duty and service tax.

Source: UKPSC PCS Prelims 2021 GS (Paper-I), Series-A (TRB), held 03-Apr-2022

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