Question 63
MediumOriginal questionRead the two statements and choose the correct option.
I. GST was expected to make India a single common market for goods and services.
II. GST replaced the income tax.
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
One tax across states removes the barriers that state taxes created: I is true.
Income tax is a direct tax and still exists; GST replaced indirect taxes. II is false.
- Concept
- GST
- Typical timeTypical
- 70 s
- Your timeYours
- —
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