Choose the correct alternative:
The tax on goods and services purchased and is usually a certain percentage added to buyer's cost.

VAT

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Sales tax

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Property tax

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None

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Solution

The correct option is B Sales tax
A sales tax is a consumption tax imposed by the government on the sale of goods and services.
So, the tax on goods and services is a Sales Tax.
Hence, option B is correct.

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Similar questions

Q. Analyse the following statements and choose the correct option.

Assertion (A): Several indirect taxes were merged into one tax, the Goods and Services Tax.
Reasoning (R): There are various types of indirect taxes which makes it difficult to manage them and they increase the price of goods and services excessively.

Q. Which tax is paid to government for the sales of certain goods and services?

Q. ______ is an additional amount of money you pay based on a percentage of the selling price of goods and services that are purchased.

Which of the following refers to a mechanism or an arrangement that facilitates contact between the buyers and sellers for the sale and purchase of goods and services?

Q. Taxes as old indirect tax system (all amount in ₹):
Cost price 121
(+) Cost 9
(=) Value of output 130
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(=) Selling price 143

Assuming the same cost price, cost, and tax rate, what will the goods and services tax be?

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Choose the correct alternative:The tax on goods and services purchased and is usually a certain percentage added to buyer's cost.

The correct option is B Sales taxA sales tax is a consumption tax imposed by the government on the sale of goods and services.So, the tax on goods and services is a Sales Tax.Hence, option B is correct.

Choose the correct alternative:
The tax on goods and services purchased and is usually a certain percentage added to buyer's cost.

The correct option is B Sales tax
A sales tax is a consumption tax imposed by the government on the sale of goods and services.
So, the tax on goods and services is a Sales Tax.
Hence, option B is correct.