BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 General Knowledge Government Policies and Schemes
With the reference to Goods and Services Tax (GST), consider the following statement:
1. It was introduced as a part of direct tax reforms in India.
2. GST is applicable to the supply of goods or services.
3. GST is based on the principle of destination-based consumption taxation.
4. GST is levied at rates decided by GST Council.
Select the correct answer using the code given below.
1
1 and 4 only
2
2 and 3 only
3
2, 3 and 4 only
4
1, 3 and 4 only
5
1, 2, 3 and 4 only