Multiple choice

Which of the following taxes is most diverse in nature in India?

  1. Sales Tax

  2. Value Added Tax

  3. Custom Duty

  4. Excise Duty
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

It is the most diverse tax in India. The Value Added tax is the tax, which is imposed on the value added in goods from production to retail stage. Moreover, this tax is imposed each time the value is added to the goods or services. Hence, it is the most diverse tax in India.

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