Consider the following statements:

1. The GST Council makes recommendations to the Union and State Government on issues related to Goods and Service Tax and was introduced by the Constitution (One Hundred and First Amendment) Act, 2016.
2. It is a Central Government body where both the center and the states get due representation.
3. Excise duty was levied on manufactured goods and levied at the time of removal of goods, while GST is levied on the supply of goods and services.
4. Value-added tax (VAT) is a type of indirect tax levied on goods and services for value-added at every point of production or distribution cycle.

Which of the above-mentioned statements is correct?