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    Question

    In what form did the Indian government introduce the

    Windfall Tax on July 1st, 2022, to address the shortage of energy products on the domestic market?
    A Sales tax Correct Answer Incorrect Answer
    B Value-added tax (VAT) Correct Answer Incorrect Answer
    C Good & Service Tax (GST) Correct Answer Incorrect Answer
    D Customs duty Correct Answer Incorrect Answer
    E Special additional excise duty Correct Answer Incorrect Answer

    Solution

    To address the shortage of energy products on the domestic market, the Indian government added a special additional excise duty on the export of gasoline and diesel, known as the Windfall Tax, on July 1st, 2022.

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