Which of the following is not correct about GST ........

Economic Affairs Tax System

Which of the following is not correct about GST?

The dual GST introduced in India is in keeping with the constitutional requirements of fiscal federalism.

GST lead to 101st Constitutional amendment in the constitution.

Cess over the peak rate of 28% will be levied on certain luxury goods to compensate states for the losses.

GST subsumes only indirect taxes but not any of the cesses*

GST subsumes almost 22 cesses.

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