Question
Consider the following statements in regard to the goods and service tax:
- If GST being levied then excise, VAT, Octroi, Service Tax, etc. will likely go away to make a single taxation system.
- GST in India will be divided between the state & centre.
Answer: Option D
Answer: (d)It GST being levied then excise, VAT, Octroi, Service Tax etc will likely go away to make a single taxation system. GST in India will be divided between state & centre.
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Answer: (d)It GST being levied then excise, VAT, Octroi, Service Tax etc will likely go away to make a single taxation system. GST in India will be divided between state & centre.
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