Question
Consider the following statements about the Goods and Services Tax (GST): 1. It subsumed excise duty and service tax. 2. It is a destination-based tax. 3. Alcohol for human consumption is outside GST. Which of the statements given above is/are correct?
Option 2 : 1, 2 and 3
Detailed Solution
सही उत्तर 1, 2 and 3 है।
GST subsumed excise duty and service tax, is levied on consumption at the destination, and alcohol for human consumption remains outside its purview.
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prepsnap.in • GeneralQuestion:
Consider the following statements about the Goods and Services Tax (GST): 1. It subsumed excise duty and service tax. 2. It is a destination-based tax. 3. Alcohol for human consumption is outside GST. Which of the statements given above is/are correct?
Correct Answer: 1, 2 and 3
GST subsumed excise duty and service tax, is levied on consumption at the destination, and alcohol for human consumption remains outside its purview.