Question

Which of the following statement is correct about GST?
(i) GST is the ‘one point tax’.
(ii) This aims to replace all direct taxes levied on goods and services by the Central and State governments.
(iii) It will be implemented from 1 July 2017 through out the country.
(iv) It will unified the tax structure in India.

• A. (i) and (ii) are correct
• B. (ii), (iii) and (iv) are correct
• C. (i), (iii) and (iv) are correct
• D. All are correct

Answer 1

The correct option is C (i), (iii) and (iv) are correct

following statements are true for GST :
(i) GST is the ‘one point tax’.
(iii) It will be implemented from 1 July 2017 through out the country.
(iv) It will unified the tax structure in India.
This aims to replace most indirect (not direct) taxes levied on goods and services by the Central and State governments.