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SSC CHSL 2025 · PYQ · Economy · medium

Which of the following has amalgamated a large number of central and state taxes and cesses?

  1. A.Goods and Services Tax✓ Correct
  2. B.Corporate tax
  3. C.Minimum Alternate tax
  4. D.Customs duty

Explanation

The Goods and Services Tax (GST), introduced in India in July 2017, subsumed multiple central and state taxes including VAT, service tax, excise duty, and various cesses into a single unified tax structure.
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