Multiple choice

Which of the following taxes is not levied by the Parliament?

  1. Income Tax

  2. Service Tax

  3. Value Added Tax

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

It is not levied by the Parliament. The Value Added Tax is the tax charged on the value added in goods and services at each stage. The Value Added Tax is the tax, which is levied by the respective state governments and hence it is not levied by the Parliament.

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