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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.
All indirect taxes in state and central level have been included by GST.
Uniformity of tax rates across the states.
Ensure better compliance due to aggregate tax rate reduction.
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 ProfileResourcesReport error
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