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The government merged all types of
The government merged all types of
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Solution
The correct option is C goods and services
As there were many indirect taxes, it became difficult to manage all the different kinds of taxes. Many indirect taxes also increase the price of goods and services. So, on 1 July 2017, the government merged several indirect taxes into one tax, known as the Goods and Services Tax or GST. GST rates are arranged into four tax slabs: 5%, 12%, 18%, and 28%.
As there were many indirect taxes, it became difficult to manage all the different kinds of taxes. Many indirect taxes also increase the price of goods and services. So, on 1 July 2017, the government merged several indirect taxes into one tax, known as the Goods and Services Tax or GST. GST rates are arranged into four tax slabs: 5%, 12%, 18%, and 28%.
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