Q. Consider the following:

1. Goods and Services Tax (GST)
2. Value Added Tax (VAT)
3. Sales Tax

Which of the above is/are indirect taxes levied on the sale of goods and services?
Answer: 1, 2 and 3
Notes: Goods and Services Tax (GST) is a comprehensive tax on the supply of goods and services, replacing multiple indirect taxes. Value Added Tax (VAT) is a consumption tax based on the value added at each stage of production or distribution. Sales Tax is a direct tax imposed on the sale of goods and services, typically collected at the point of sale. All three are indirect taxes aimed at generating revenue for the government.