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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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