In Australia, which tax is levied on goods and services consumed domestically

In Australia, which tax is levied on goods and services consumed domestically

In Australia, which tax is levied on goods and services consumed domestically?

A. Corporate income tax

B. Goods and Services Tax (GST)

C. Capital Gains Tax (CGT)

D. Fringe Benefits Tax (FBT)

Answer: B

Explanation: GST is a value-added tax imposed on domestic supply of goods and services in Australia.