Question

The Government of India is moving on Goods and Services Tax (GST) very soon. From the options A to E bring out the ultimate result of this transition?
(A)This transition will be able to bring down the fiscal deficit of the government.
(B)This will bring down the distorted economic incentives and avoidable hassles and uncertainties in the current tax system
(C)This will replace the current multiple tax system and will put single tax in system
(D)This will increase the direct tax revenue of the government
(E)This will justify the distribution of tax revenue among the states & center

Answer 1

The only correct option is B -This will bring down the distorted economic incentives and avoidable hassles and uncertainties in the current tax system

Answer 2

Answer:

B is the correct option mate