Sin tax included in GST

Q.  Which form of tax was in news after being included under the proposed GST?
- Published on 27 Oct 15

a. Sin Tax
b. Tobin Tax
c. Indirect Tax
d. None of the above

ANSWER: Sin Tax
 
Sin tax is an excise tax levied on products such as alcohol, tobacco and others which are considered bad for health and communities. It will be included under the biggest tax reform in the country GST. GST will be operational from April 1, 2016. This tax is used to attract higher tax revenues.

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