Economics · Taxation
Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Select your answer from the codes given below. Assertion (A): Goods and Services Tax (GST) introduced in 2017 is non-inflationary. Reason (R): The GST system avoids tax-on-tax (cascading effect).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both (A) and (R) are true and (R) is the correct explanation for (A).✓
- 2Both (A) and (R) are true, but (R) is not the correct explanation for (A).
- 3Both (A) and (R) are false.
- 4(A) is false, but (R) is true.
Correct answer
Both (A) and (R) are true and (R) is the correct explanation for (A).
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