Consider the following statements regarding Goods and Services Tax (GST) and its impact on India’s tax structure:
1. The share of indirect taxes in total revenue receipts has been consistently increasing post 2017.
2. The Public Accounts Committee (PAC) has recommended a comprehensive review of the GST framework, including the introduction of a single national GST instead of the current dual structure.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2