Match List-I (feature of GST) with List-II (result):
| List-I | List-II | ||
|---|---|---|---|
| (A) | Credit of tax paid at the previous stage is set off at the next stage | (I) | Compliance becomes easier |
| (B) | Laws, procedures and rates of taxes are standardised across the country | (II) | Multiplicity of taxes is simplified |
| (C) | Registration, returns and payments are available online through a common portal | (III) | Cascading of taxes is removed |
| (D) | A large number of Central and State taxes and cesses are amalgamated | (IV) | Freedom of movement of goods and services and a common market |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A) - (III), (B) - (IV), (C) - (I), (D) - (II)
GST is a single tax on the supply of goods and services. Each feature in List-I leads to one result in List-II.
| List-I | List-II | Reason |
|---|---|---|
| (A) Credit of tax paid at the previous stage is set off at the next stage | (III) Cascading of taxes is removed | With the set-off, tax falls only on the value added at each stage, not on tax already paid. |
| (B) Laws, procedures and rates of taxes are standardised across the country | (IV) Freedom of movement of goods and services and a common market | The same rules everywhere create a common market. |
| (C) Registration, returns and payments are available online through a common portal | (I) Compliance becomes easier | Taxpayers can do everything online in one place. |
| (D) A large number of Central and State taxes and cesses are amalgamated | (II) Multiplicity of taxes is simplified | Many taxes became one tax. |
NCERT (2026-27): “Box 5.3: GST: One Nation, One Tax, One Market … It has amalgamated a large number of Central and State taxes and cesses. …” “… This amounted to cascading of tax. Under GST, the tax is discharged at every stage of supply and the credit of tax paid at the previous stage is available for set off at the next stage of supply of goods and/or services. It is thus effectively a tax on value addition at each stage of supply. …” “GST has simplified the multiplicity of taxes on goods and services. The laws, procedures and rates of taxes across the country are standardised. It has facilitated the freedom of movement of goods and services and created a common market in the country. …” “… Compliance will also be easier as all tax payment related services like registration, returns, payments are available online through a common portal …” |