GST bill: Collection & deadline - General Economics & Indian Economy

Q.  Consider the following statements about GST

1. The Assemblies too will have to approve the Bill ahead of the April 2016 deadline.
2. It is an indirect tax levy on manufacture, sale and consumption of goods as well as services at a national level.
3. In the GST system, both Central and State taxes will be collected at the point of sale.

Which of the above statements are correct?
- Published on 30 Apr 15

a. 1,3
b. 1,2
c. 2,3
d. All

ANSWER: All

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