1.In context with
‘, STICKY, CAPTION, ‘More Details’);” onmouseout=”return nd();”>GST, consider the following statements
1. It is expected that price of goods and services will come down as a result of introduction of GST as it will removes the cascading effect.
2. Commodities for export will be zero rated in GST however imports will be subject to GST
3. The Proposed tax system will be a single GST system in which GST will replace all the taxes by the state and central government
Which among the above statements are correct ?
(A)1 & 2 only
(B)1 & 3 only
(C)2 & 3 only
(D)all 1, 2, & 3
(E)1 & 3 only