CS Executive · Tax Laws and Practice · Concept of Indirect Taxes at a Glance
Which of the following taxes was subsumed into GST rather than continuing outside it?
Central Excise duty, apart from items kept outside GST such as certain petroleum products, was subsumed into GST along with service tax and VAT. Basic customs duty, income tax and stamp duty were not subsumed and continue separately.
- ACentral Excise duty on goods other than specified petroleum productsCorrect
- BBasic customs duty on imports
- CIncome tax on salaries
- DStamp duty on property documents
Explanation
Central excise duty (except on items outside GST such as petroleum crude and some others) was subsumed in GST, along with service tax and VAT. Basic customs duty continues to be levied on imports. Income tax is a direct tax, and stamp duty remains a separate State levy.
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