Nielit Scientist-B IT 22-07-2017October 13, 2023
GATE 2005-ITOctober 13, 2023
Goods and Services Tax (GST) is an indirect tax introduced in India in 2017 that is imposed on the supply of goods and services, and it subsumes all indirect taxes except few. It is a destination-based tax imposed on goods and services used, and it is not imposed at the point of origin from where goods come. GST also has a few components specific to state governments, central government and Union Territories (UTs).
Which one of the following statements can be inferred from the given passage?
GST includes all indirect taxes.
GST is imposed at the point of usage of goods and services.
GST does not have a component specific to UT.
GST is imposed on the production of goods and services.