Which statement is not correct with respect to the goods and services tax (GST)?

Question

TuteeHUB · Accepted Answer

States will get compensation for ﬁve years for loss of revenue

TuteeHUB · Answer

Integrated GST will be levied on inter-state goods and services transactions.

TuteeHUB · Answer

The concept of declared goods of special importance was abated

TuteeHUB · Answer

GST will be collected by VAT method

1.	Which statement is not correct with respect to the goods and services tax (GST)?
A.	Integrated GST will be levied on inter-state goods and services transactions.
B.	The concept of declared goods of special importance was abated
C.	States will get compensation for ﬁve years for loss of revenue
D.	GST will be collected by VAT method
Answer» C. States will get compensation for ﬁve years for loss of revenue

Discussion