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With reference to GST, which of the following statements are true? 1. GST is based on a system of concurrency of indirect taxes, where every transaction attracts central as well as state GST 2. GST replaced a production-based taxation system by a consumption-based tax system 3. It brings destination principle for cross-border trading for which the poorer and consuming states are benefiting at the expense of more affluent and industrialized ones
This question appeared in the OPSC Prelims 2022 examination (GS). It is Question 82 out of 171 questions in this paper.
This question was part of the OPSC Prelims 2022 (GS). The OPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all OPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.