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Question
What is meant by the "Single Tax System" feature of GST?
Options
Many indirect taxes are combined (subsumed) into one
Tax rates are consistent across all states and UTs
Traders need separate registration for each state
Tax is levied equally by both Central and State governments
MCQ
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Solution
Single Tax System means many indirect taxes are combined (subsumed) into one, so GST is a single indirect tax replacing multiple earlier levies.
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