Read the following about Goods and Service Tax (GST):
A. Goods and Service Tax (GST) is the single comprehensive indirect tax, operational from 1 July 2017, on supply of goods and services, right from the manufacturer/ service provider to the consumer.
B. It is a destination based consumption tax with facility of Input Tax Credit in the supply chain.
Identify the CORRECT statement/statements.
1
Only A
2
Both A and B
3
Only B
4
Neither A nor B