The correct answer is (c), Value Added Tax.
Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It is a destination-based tax, which means that the tax is levied at the place where the goods or services are consumed. GST is a single tax that subsumes a number of indirect taxes, including Central Value Added Tax (Cenvat), State Value Added Tax (SVAT), Central Sales Tax (CST), and Entertainment Tax.
Property tax is a tax levied on the value of real property, such as land and buildings. It is a local tax that is levied by municipalities and other local governments. Corporation tax is a tax levied on the profits of corporations. It is a national tax that is levied by the central government. Income tax is a tax levied on the income of individuals and businesses. It is a national tax that is levied by the central government.
GST is a major reform in the Indian tax system. It is expected to simplify the tax system, reduce compliance costs, and improve efficiency. GST is also expected to boost economic growth and investment.