In the context of the Indian economy, the 'GST' is an example of:
A. A direct tax
B. An indirect tax with dual structure (Centre and States)
C. A corporate tax only
D. A wealth tax
Answer: Option B
Solution (By JKSSB Mock Tests)
Goods and Services Tax is a comprehensive indirect tax levied on the supply of goods and services, with a dual structure involving both the Centre and the States.
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