Consider the following statements about Indian tax system w LatentStyles DefLockedState false DefUnh...........

Economic Affairs Tax System

Consider the following statements about Indian tax system.

1. The proposed GST in India comes under the category of direct tax.

2. Service tax in India is levied by central government.

3. Corporate tax is the largest contributor in the total tax revenue.

Select the correct statement/s using codes given below.

1 and 2

2 and 3

1 and 3

1,2 and 3

1st statement is incorrect because proposed GST in India comes under the category of indirect tax.

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