Economics · Economy
Under the GST framework, specific essential sectors are exempted to achieve socioeconomic goals. Arrange the following statements in the correct logical sequence depicting how exemptions on sectors like agricultural cultivation and educational activities are utilized to achieve Social Welfare: I. Ensuring that necessities remain affordable for the general population II. Promoting social welfare and inclusivity III. Relieving the tax burden on essential items IV. Categorizing specific essential services as 0% tax rate supplies or exemptions Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1IV, III, I, II✓
- 2I, IV, III, II
- 3IV, I, III, II
- 4III, IV, I, II
Correct answer
IV, III, I, II
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