In the following question, out of the following alternatives, select the alternative which is the best substitute of the phrase. A government tax on goods made within a country?

GST
VAT
Excise
Customs

LohaHridoy

7 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 3 : Excise

[ alt="note-book (1)" src="//storage.googleapis.com/tb-img/production/20/08/note-book%20%281%29.png" style="width: 48px; height: 48px;">Explanation:

GST: Goods and Services Tax is an indirect tax used in India on the supply of goods and services.
VAT: A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale.
Excise: a tax levied on certain goods and commodities produced or sold within a country and on licenses granted for certain activities.
Customs: Customs Duty is a tax imposed on imports and exports of goods.

Thus, the correct answer is Option 3) i.e. Excise

7 views Answered 2022-09-04 04:29

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