CUET Preparation Today
Which of the following is not true about GST in India? |
GST has simplified the multiplicity of taxes on goods and services. It has facilitated the freedom of movement of goods and services and created a common market in the country. It is aimed at increasing the cost of business operations. It has also reduced the overall cost of production, which will make Indian products/services more competitive in the domestic and international markets. |
It is aimed at increasing the cost of business operations. |
The correct answer is Option (3) → It is aimed at increasing the cost of business operations. The Goods and Services Tax (GST) was introduced in India to simplify the indirect tax structure by replacing multiple state and central taxes with a single unified tax system. Hence, the statement that GST is aimed at increasing the cost of business operations is not true. |
