The correct answer is: C) Goods and Services Tax (GST)
A Goods and Services Tax (GST) is a type of tax imposed on the manufacture and sale of goods and services. It is a consumption tax, which means that it is levied on the final consumption of goods and services. GST is a value-added tax, which means that it is levied on the value added to goods and services at each stage of the production and distribution process.
Sales tax is a type of tax imposed on the sale of goods and services. It is a consumption tax, which means that it is levied on the final consumption of goods and services. Sales tax is not a value-added tax, which means that it is not levied on the value added to goods and services at each stage of the production and distribution process.
Excise duty is a type of tax imposed on the manufacture or sale of specific goods, such as alcohol, tobacco, and gasoline. It is a consumption tax, which means that it is levied on the final consumption of goods and services. Excise duty is not a value-added tax, which means that it is not levied on the value added to goods and services at each stage of the production and distribution process.
Property tax is a type of tax imposed on the ownership of real property, such as land and buildings. It is a tax on wealth, which means that it is levied on the value of assets owned by individuals or businesses. Property tax is not a consumption tax, which means that it is not levied on the final consumption of goods and services.