With reference to GST, which of the following statements are true?
1. GST is based on a system of concurrency of indirect taxes
2. GST replaced a production-based taxation system by a consumption-based tax system
3. It brings destination principle for cross-border trading for which poorer states benefit at the expense of more affluent ones
1
Only 1 and 2 are true
2
Only 1 and 3 are true
3
Only 2 and 3 are true
4
All the above are true