Business Studies · Goods and Services Tax
Which of the following best represents the dual-objective of GST implementation in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Increasing the state revenue share through additional non-sharable cesses
- 2Taxing direct corporate income and goods under a unified single rate
- 3Simplification of income tax and central excise duties simultaneously
- 4Subsuming multiple indirect taxes and ensuring a seamless input tax credit flow✓
Correct answer
Subsuming multiple indirect taxes and ensuring a seamless input tax credit flow
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