Economics · Taxation
Which of the following statements is incorrect regarding the Goods and Services Tax (GST)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1GST is a destination-based tax.
- 2There are multiple levies of tax on goods and services at each stage without any cascading relief.✓
- 3GST is a common law and procedure throughout the country under single administration.
- 4GST is a comprehensive levy and collection on both goods and services at the same rate with benefit of input tax credit or subtraction of value.
Correct answer
There are multiple levies of tax on goods and services at each stage without any cascading relief.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Taxation MCQs →Want more practice questions on Taxation?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Taxation