Consider the following statements regarding Integrated Goods and Service Tax (IGST).
1. It is one of the three categories under Goods and Service Tax (CGST, IGST and SGST) with a concept of one tax one nation.
2. IGST falls under the Integrated Goods and Service Tax Act 2016.
3. The revenue out of IGST is shared by the state government and central government as per the rates fixed by the authorities.
Which of the statements given above is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1, 2 and 3
4
3 only