Multiple Choice Questions on Which of the following statements is not true regarding the benefit of GST ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Which of the following statements is not true regarding the benefit of GST ........

Economics (CUET) Government Budget and Economy
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    Which of the following statements is not true regarding the benefit of GST?

    GST provides comprehensive and wider coverage of input credit set-off, you can use service tax credit for the payment of tax on sale of goods, etc.

    Incorrect Answer

    All indirect taxes in state and central level have been included by GST.

    Correct Answer

    Uniformity of tax rates across the states.

    Incorrect Answer

    Ensure better compliance due to aggregate tax rate reduction.

    Incorrect Answer
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    Explanation:

    Option (2) is correct.
    Explanation: Features of Monopolistic market
    (1) Consumption based tax.
    (2) One tax rate across the country.
    (3) No tax on tax.
    (4) Simplify taxation process.

     

    By: Parvesh Mehta
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