Which tax replaced multiple indirect taxes in India?
- AGST
- BService Tax
- CCustoms Duty
- DIncome Tax
Solution & Step-by-step Explanation
The Goods and Services Tax (GST) is a comprehensive indirect tax implemented in India on July 1, 2017, which subsumed and replaced multiple central and state indirect taxes such as excise duty, service tax, value-added tax (VAT), and luxury tax.