Economics · Economy
What was the primary structural change introduced in the Indian indirect tax system by the implementation of GST?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It reduced direct income tax rates
- 2It created a unified single tax replacing multiple indirect taxes✓
- 3It completely eliminated customs duties
- 4It increased corporate tax rates across all sectors
Correct answer
It created a unified single tax replacing multiple indirect taxes
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