Question

Which of the following statement is correct about GST?

1. GST is the ‘one point tax’. 
2. This aims to replace all direct taxes levied on goods and services by the Central and State governments.
3. It will be implemented from 1 July 2017 throughout the country.
4. It will unified the tax structure in India.

Options

• (i) and (ii) are correct

• (ii), (iii) and (iv) are correct

• (i), (iii) and (iv) are correct 

• All are correct

Answer 1

(i), (iii) and (iv) are correct