Consider the following statements about Goods and Service Tax 1 France was the first ...........

Economic Affairs Tax System

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Consider the following statements about Goods and Service Tax:

1. France was the first country to implement the Goods and Service Tax.

2. In India it was first recommended by Kelkar Task Force.

3. 100th Constitutional Amendment introduced GST in India.

Which of the above statements is/are incorrect?

1 only

1 and 2 only

1 and 3 only

1, 2 and 3

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Explanation:

GST was first introduced by Asim Dasgupta Committee. Kelkar taskforce instead gave the Grand Bargain Formula to augment the state’s nod to GST. The Grand Bargain Formula was to compensate the states of any loss that they will accrue while implementing the GST. GST has been introduced as 101st Constitutional Amendment Act. France was the first country to introduce GST. Hence, only 1st statement is correct and 2nd and 3rd statements are incorrect. Hence, answer is (b.).