Statement— Should all the indirect taxes in India be combined into a single tax on all commodities? Arguments— I) Yes. This will considerably simplify the tax collection mechanism and the cost of collecting tax will also reduce. II) Yes. The manufacturers and traders will be benefited by this which in turn will boost tax collection. III) No. No other country has adopted such system. [5082]

Q) Statement— Should all the indirect taxes in India be combined into a single tax on all commodities?
Arguments—
I) Yes. This will considerably simplify the tax collection mechanism and the cost of collecting tax will also reduce.
II) Yes. The manufacturers and traders will be benefited by this which in turn will boost tax collection.
III) No. No other country has adopted such system.

Options:
A)None is strong
B) Only I and III are strong
C) Only II is strong
D) None of these

Answer

D) None of these

Would like to hear from you... Please leave your comment below

This site uses Akismet to reduce spam. Learn how your comment data is processed.