state gov Kerala PSC Degree (Common Preliminary Examination) Mock Test Series 2025 Finance Taxation Indirect Tax
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