Which of the following is not an example of Direct Tax?

Correct option is A

Ans. (a)
GST (Goods and Services Tax) is an example of an indirect tax and not a direct tax. Direct taxes are imposed directly on an individual's or entity's income or assets, while indirect taxes are levied on goods and services and paid indirectly by consumers.
Information Booster
1. Direct Taxes: Income tax, wealth tax, corporate tax.
2. Indirect Taxes: GST, customs duty, excise duty.
3. GST is a unified tax system replacing multiple indirect taxes.
4. Direct taxes depend on the taxpayer’s ability to pay, while indirect taxes are uniform across consumers.
Additional Knowledge
· GST (Option a - Correct Answer): Indirect tax levied on the supply of goods and services.
· Income Tax (Option b): Direct tax imposed on individuals or businesses.
· Wealth Tax (Option c): Direct tax (abolished in India in 2015).
· Corporate Tax (Option d): Direct tax imposed on company profits.