Read the given question and decide which of the following arguments is/are strong.
Statement:
Should all the indirect taxes in India be combined into a single Goods and Services Tax (GST)?
Arguments:
I. Yes. This will considerably simplify the tax collection mechanism and the cost of collecting tax will also reduce.
II. Yes. The manufacturers and traders will be benefited by this, which in turn will boost tax collection.
III. No. No other country has adopted such a system.
1
Only argument I is strong.
2
Only argument II is strong.
3
Only arguments I and II are strong.
4
Only argument III is strong.