Which of the following taxes are abolished by the Goods and Services Tax ?

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(c) Value Added Tax — The Goods and Services Tax (GST), which has replaced the Central and State indirect taxes such as VAT, excise duty and service tax was implemented on 1st July, 2017. As a taxation concept, VAT replaced Sales Tax. Value Added Tax (VAT) is an indirect value added tax, which was introduced into Indian taxation system on 1st April, 2005. A Value Added Tax (VAT) is a consumption tax levied on a commodity whenever it adds value at any point in the supply chain, from production to sale. The amount of VAT that the consumer pays is based on the cost of the product, minus any previously taxable costs of products used in the product.

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(A) Property Tax

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(B) Corporation Tax

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(D) Income Tax

Which of the following taxes are abolished by the Goods and Services Tax ?

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