To which of the following tax systems do you relate the statement 'One Nation, One Market, One Tax'?

Income tax

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Market tax

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Corporate tax

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Goods and Service Tax

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Solution

The correct option is D Goods and Service Tax
The statement 'One Nation, One Market, One Tax' is related to the Goods and Services Tax (GST). India had a complex indirect tax system. To simplify the system, different indirect taxes were merged into GST. So, people are no longer required to pay different taxes at various stages of production of goods and services.

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