Question

Statement: The Agarbathi has been put in the 12% tax bracket in the Goods and Services Tax (GS

  • T , which was earlier free from tax in many states. Assumptions: I. The 12% tax on Agarbathi will affect the industry gravely II. Agarbathi is used by common man who will now be impacted by the higher tax
A if only I implicit.
B if only II implicit.
C if either I or II implicit.
D if neither I nor II implicit.
E if both I and II implicit.
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