Economics · Economy
Consider the following statements regarding the Dual Goods and Services Tax (GST) framework in India: Statement 1: Under the Dual GST framework, an intra-state supply of goods and services is concurrently subjected to Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST) or UTGST. Statement 2: Integrated Goods and Services Tax (IGST), applicable to inter-state transactions, is levied and administered solely by the respective State Governments. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both statements are false.
- 2Statement 1 is false, but Statement 2 is true.
- 3Both statements are true.
- 4Statement 1 is true, but Statement 2 is false.✓
Correct answer
Statement 1 is true, but Statement 2 is false.
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