The Goods and Services Tax (GST) subsumed a large number of Central and State indirect taxes to create a unified national market. The principle was to bring all taxes on the supply of goods and services under a single tax regime.
Which of the following statement(s) is/are incorrect regarding taxes subsumed under GST?
Asked in GPSC Prelims CSP 2 2022 · Topic: Fiscal Policy & Revenue (Taxation System in India: Direct, Indirect taxes, and Tax Reforms (including GST))
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Answer: C. Central Surcharges and Cess relating to supply of Goods and Services not subsumed under GST
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