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GST became operational in India on July 1, 2017. This comprehensive indirect tax system replaced multiple previous taxes including excise duty, service tax, and value-added tax (VAT). GST functions as a destination-based tax levied at every stage of the supply chain, though the ultimate tax burden falls on the end consumer. The implementation represented a significant reform in India's indirect taxation structure.
Statements: A > B ≥ C ≤ N = W, D ≤ Z < Y < B
Conclusion:
I. A > D
II. B > D
III. Z ≤ N
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