Pertaining to the Goods and Service Tax (GST) which is expected to be implemented in India in the near future, consider these statements:-
1. It is a comprehensive tax on goods and services
2. It is a value added tax where tax is imposed only on value added at each stage in the supply chain
3. It is tax on supply of all goods or services for human consumption in India
4. More than 140 countries have so far implemented GST in the world