1. Consider the following about the benefits of GST
1. It reduces tax burden on the consumer
2. Simplifies direct tax regime
Which of the above are correct?

1 only

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2 only

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Both 1 and 2

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None of the above

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Solution

The correct option is A
1 only
GST helps to eliminate "tax on tax" or the cascading impact of tax, thus bringing down the overall cost of goods. It simplifies "indirect tax" regime.

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1. Consider the following about the benefits of GST 1. It reduces tax burden on the consumer 2. Simplifies direct tax regime Which of the above are correct?

The correct option is A 1 onlyGST helps to eliminate "tax on tax" or the cascading impact of tax, thus bringing down the overall cost of goods. It simplifies "indirect tax" regime.

1. Consider the following about the benefits of GST
1. It reduces tax burden on the consumer
2. Simplifies direct tax regime
Which of the above are correct?

The correct option is A
1 only
GST helps to eliminate "tax on tax" or the cascading impact of tax, thus bringing down the overall cost of goods. It simplifies "indirect tax" regime.