GST in India will be characterised by which of the following features ? Choose the correct answer from the codes given below :
(a) There will be a dual GST with Centre and the state.
(b) It would be a destination based tax as against the origin based tax.
(c) It would apply to all goods and services excluding alcohol for human consumption.
Codes :
(1) All the above are correct.
(2) Only (a) is true.
(3) Both (a) and (b) are true.
(4) Only (b) and (c) are true.
Answer: (1) All the above are correct.
(a) There will be a dual GST with Centre and the state.
(b) It would be a destination based tax as against the origin based tax.
(c) It would apply to all goods and services excluding alcohol for human consumption.
Codes :
(1) All the above are correct.
(2) Only (a) is true.
(3) Both (a) and (b) are true.
(4) Only (b) and (c) are true.
Answer: (1) All the above are correct.
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