Multiple choice

Implementing GST will be an impetus to growth. Which of the following statements does not support this view? (a) It will lower the tax rate. (b) It will broaden the tax base. (c) It will reduce compliance cost. (d) It will boost exports. (e) It will cause unemployment.

  1. Both (a) and (b)

  2. (c), (d) and (e)

  3. Only (d)

  4. Only (e)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

As implementing GST will promote exports, facilitate investment decisions and will foster a common market across the country. These will be conducive to growth which will generate employment.

Keep practicing — related questions