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Commerce · Q9

GST

Graduate and Post Graduate · Commerce · question 9

Q9

Which of the following tax is not subsumed in GST

A.
VAT
B.
Stamp Duty
Answer
C.
Entry Tax
D.
Entertainment Tax

Answer: Option B

Solution

Answer: Option B
Solution:
Subsume means to absorb or include or place within something larger or more comprehensive group or class. With introduction of GST in India, It subsumed multiple indirect taxes of Center and State both.