2. Sample Papers
  3. 12th Class
  4. Economics

12th Class Economics Sample Paper Economics - Sample Paper-9

  • question_answer
    The Government of India launched GST on the mid-night of 30th June, 2017. Is it direct tax or indirect tax? Also state its economic value.

    Answer:

    GST (Goods and Services Tax) is an indirect tax. It repealed all the indirect taxes and constitutes single tax only which reduces the complexity in taxation.                                                  


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