Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Select your answer from the codes given below.
Assertion (A): Goods and Services Tax (GST) introduced in 2017 is non-inflationary.
Reason (R): GST system avoids tax-on-tax.
1
Both (A) and (R) are true and (R) is the correct explanation for (A).
2
Both (A) and (R) are true, but (R) is not the correct explanation for (A).
3
Both (A) and (R) are false.
4
(A) is false, but (R) is true.