Accounting · Goods and Services Tax
State whether the following statements are true or false: (i) India follows a dual GST model. (ii) CGST (Central Goods and Services Tax) is a tax levied on the interstate supply of goods and services.
- 1Statement (i) is false and statement (ii) is true
- 2Statement (i) is true and statement (ii) is true
- 3Statement (i) is false and statement (ii) is false
- 4Statement (i) is true and statement (ii) is false✓
Correct answer
Statement (i) is true and statement (ii) is false
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