In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements.
Statement:
(I) In the GST Model in India, it would be dual tax (GST) with the center and states simultaneously levying tax on a common base tax.
(II) The central and state GST would be levied on every transaction of supply of goods and services simultaneously.
Conclusions:
(I) This new tax regime would benefit common man of country.
(II) There would be more clarity on state and central component.
From the given statements, there is no information that the new tax regime would benefit common man of country. Hence conclusion I do not follow the given statements.
Similarly, there is no information about conclusion II which may or may not be true. Hence conclusion II do not follow the given statements.
$$\therefore\ $$Neither conclusion I nor conclusion II follow the given statements.
Hence, the correct answer is Option C
Create a FREE account and get:
