Which of the following taxes (a state tax) was subsumed in GST?
- AOctroi
- BWealth tax
- CIncome tax
- DStamp 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.