With reference to GSTN, consider the following statements:

1. It will be used by taxpayer to file taxes.
2. Government will be able to keep track of every financial transaction

Which of the statements given above is/are correct?

1 only

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2 only

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Both 1 and 2

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(d) Neither 1 nor 2

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Solution

The correct option is C Both 1 and 2
It is a platform which is used by the taxpayers to file the GST return and also claim input tax credit.
It is an online platform and the government is able to keep track of every financial transaction.

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With reference to GSTN, consider the following statements: 1. It will be used by taxpayer to file taxes. 2. Government will be able to keep track of every financial transaction Which of the statements given above is/are correct?

The correct option is C Both 1 and 2It is a platform which is used by the taxpayers to file the GST return and also claim input tax credit. It is an online platform and the government is able to keep track of every financial transaction.

With reference to GSTN, consider the following statements:

1. It will be used by taxpayer to file taxes.
2. Government will be able to keep track of every financial transaction

Which of the statements given above is/are correct?

The correct option is C Both 1 and 2
It is a platform which is used by the taxpayers to file the GST return and also claim input tax credit.
It is an online platform and the government is able to keep track of every financial transaction.