Q. Which of the following tax/taxes is/are subsumed under Goods & Services tax?
1.Central excise duty
2.Service tax
3.Additional customs duty
Select the correct answer from below given codes:

[A] Only one

[B] Only two

[C] Only three

[D] None

Answer: C
Notes:

Explanation: The central taxes subsumed in GST are—central excise duty (cenvat); additional excise duty; service tax; additional customs duty (commonly known as countervailing duty; and special additional duty of customs.

Source: Ramesh Singh

Blog
Academy
Community