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Enumerate the indirect taxes which have been subsumed in the goods and services tax (GST) in India. Also, comment on the revenue implications of the GST introduced in India since July 2017? (150 Words)

  1. Give a brief introduction about GST. (60 words)
  2. List down the indirect taxes subsumed in the goods and services tax. (40 words)
  3. Conclude by commenting on the revenue implications of the GST introduced in India since July 2017. (50 words)
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