Which tax is levied on purchases made by consumers?

The Goods and Services Tax (GST) is a value-added tax that is applied to most goods and services sold within the country. It is collected by businesses at the point of sale from consumers, and the tax collected is then remitted to the government. This tax is intended to be a broad-based consumption tax, so it affects consumers directly when they make purchases.

Unlike income tax, which is based on an individual's earnings, and corporate tax, which is levied on a company's profits, GST is specifically charged on consumer purchases. Property tax is based on property ownership and value, thus not applicable to typical consumer transactions. Hence, GST is the most relevant tax affecting consumer purchases in this context.