Question
Statement: The Goods and Services Tax, to be
rolled out next month as the biggest tax reform since independence, it simplifies taxes, will help India achieve a 9 percent growth rate, NITI Aayog CEO Amitabh Kant said today. Which of the assumption can be made from the given statement? I. GST will simplify India's taxation system and help deal with tax evasion. II. GST will not going to affect the growth rate of India.Solution
I-This statement states that GST will make the taxation system simple, So the I statement is true. II- Not true, because It nullifies the given statement. Thus, the correct answer is option 1.
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