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Which of the following taxes (a state tax) was subsumed in GST?

  1. A
    Octroi
  2. B
    Wealth tax
  3. C
    Income tax
  4. D
    Stamp duty

Solution & Step-by-step Explanation

Octroi (entry tax) was an indirect tax levied by state/local governments that was completely subsumed under the Goods and Services Tax (GST) regime introduced in 2017. Income tax and Wealth tax are central direct taxes, whereas Stamp duty is a state tax that remains outside GST.

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Which of the following taxes (a state tax) was subsumed in GST?
A
Octroi
B
Wealth tax
C
Income tax
D
Stamp duty

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