What are the advantages of mutiple tiers of GST?

1. It considers the socio-economic inequalities in the Indian society
2. It ensures revenue neutrality to the government.

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 C
Both 1 and 2
The GST slabs of 0, 5 , 12, 18 and 28 percent ensure that products are taxed considering Socio-economic needs and also revenue boosting capability of the Government.

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Similar questions

Democracy is considered to be better than other forms of government. Which of the following statements supports this claim?

A. It is a more accountable form of government

B. It improves the quality of decision making

C. It ensures rapid economic development of citizens

D. It enhances the dignity of citizens

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