The correct answer is option 4, i.e. 1, 3 and 4. Goods and Services Tax: It is an indirect tax that was introduced on 1 July 2017. It subsumed many central and state indirect taxes. It is a destination-based tax. There are four tax slabs under GST viz. 5%, 12%, 18% and 28%. Some basic goods and services are exempted under GST. GST council is responsible for increasing and decreasing tax slabs and transferring subjects from one slab to another. Following indirect taxes were subsumed under GST: Taxes collected by Centre: Central Excise Duty, Duties of Excise, Additional Duties of Excise, Additional Duties of Customs, Special Additional Duty of Customs, Service Tax and Central Surcharges and Cesses so far as they relate to supply of goods and services. State taxes: State VAT, Central Sales Tax, Luxury Tax, Entry Tax, Entertainment and Amusement Tax, Taxes on advertisements, Purchase Tax, Taxes on lotteries, Betting and Gambling, State Surcharges and Cesses so far as they relate to supply of goods and services. Some goods are beyond the scope of GST. These are Petroleum, High-speed diesel, Petrol, Natural gas, Aviation fuel and Liquor. Export Duty, Basic Customs Duty, Toll Tax, Stamp Duty, Property Tax, Road & Passenger Tax, Electricity Duty were not subsumed under GST. GST has three components: GST type of trade collected by CGST (Central GST) intrastate centre SGST (State GST) intrastate state GST cannot be imposed differently in different States. The tax slabs are uniform throughout the country on particular goods and services.