VAT
Stamp Duty
Entry Tax
Entertainment Tax
Answer is Right!
Answer is Wrong!
The correct answer is D. Entertainment Tax.
- VAT (Value Added Tax) is a consumption tax that is levied on the value added to goods and services at each stage of the supply chain.
- Stamp Duty is a tax levied on documents that are used to transfer property or to create a security interest.
- Entry Tax is a tax levied on goods that are imported into a country.
- Entertainment Tax is a tax levied on the sale of tickets for entertainment events.
Entertainment Tax is not subsumed in GST because it is a state-level tax. GST is a national tax, and state governments have the right to levy taxes on goods and services that are not covered by GST.