Which of the following taxes is are subsumed under the proposed Goods and Services Tax 1 n...........

Economic Affairs Tax System

Which of the following taxes is/are subsumed under the proposed Goods and Services Tax?

1. Entry Tax

2. Service Tax

3. Income Tax

4. Countervailing Duty

Select the correct answer using the code given below.

1, 2 and 3 only

1, 2 and 4 only

2, 3 and 4 only

1, 3 and 4 only

At the Central level, the following taxes are being subsumed:

(a) Central Excise Duty,

(b) Additional Excise Duty,

(d) Additional Customs Duty commonly known as Countervailing Duty, and

(e) Special Additional Duty of Customs.

At the State level, the following taxes are being subsumed:

(a) Subsuming of State Value Added Tax/Sales Tax,

(b) Entertainment Tax (other than the tax levied by the local bodies), Central Sales Tax (levied by the Centre and collected by the States),

(d) Purchase Tax,

(e) Luxury tax, and

(f) Taxes on lottery, betting and gambling.

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