Economics · Economy
Consider the following statements regarding the Integrated Goods and Services Tax (IGST): Statement 1: The Integrated Goods and Services Tax (IGST) is administered exclusively by the Central Government on inter-state supplies. Statement 2: The revenues collected under the Integrated Goods and Services Tax (IGST) are apportioned between the central and state governments based on the origin principle. Which of the following options is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement 1 is true, but Statement 2 is false.✓
- 2Both statements are true.
- 3Both statements are false.
- 4Statement 1 is false, but Statement 2 is true.
Correct answer
Statement 1 is true, but Statement 2 is false.
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