Goods and Services Tax in India

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What is the Goods and Services Tax in India a successor to?

Sales Tax

How does the Goods and Services Tax differ from the previous tax system in India?

It subsumed all state taxes

Why is the Goods and Services Tax described as a comprehensive tax?

It includes almost all previous indirect taxes

What type of tax is the Goods and Services Tax?

<p>Destination-based tax</p> Signup and view all the answers

Why is the Goods and Services Tax considered a multistage tax?

<p>It is levied multiple times along the supply chain</p> Signup and view all the answers

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