Quiz on Taxes Subsumed Under GST

What type of taxes are primarily considered for subsumption under GST?

• Indirect taxes

• Direct taxes

• Property taxes

• Income taxes

Which of the following taxes is NOT subsumed under GST?

• Luxury Tax

• Income Tax

• Central Excise Duty

• Service Tax

What is the purpose of subsuming taxes under GST?

• To reduce government revenue

• To eliminate all taxes

• To simplify tax structure

• To increase tax rates

Which tax is levied on the supply of goods and services?

• Service Tax

• Luxury Tax

• Central Sales Tax

• Entertainment Tax

What does CVD stand for in the context of GST?

• Countervailing Duty

• Central Value Duty

• Customs Value Duty

• Centralized Value Duty

Which of the following is a state tax subsumed under GST?

• Central Excise Duty

• Service Tax

• State VAT

• CVD

What is the nature of the tax imposed on services provided by restaurants?

• Income Tax

• Service Tax

• Sales Tax

• Luxury Tax

Which tax is specifically related to the entertainment industry?

• Service Tax

• Entertainment Tax

• Luxury Tax

• Central Excise Duty

What is the main goal of the free flow of tax credit in GST?

• To eliminate all indirect taxes

• To complicate tax processes

• To ensure fair revenue distribution

• To increase tax evasion

Which of the following is an example of a central tax subsumed under GST?

• Entertainment Tax

• Central Excise Duty

• Luxury Tax

• State VAT