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Which of the following statements regard...

Which of the following statements regarding Goods and Services Tax is INCORRECT ?

A

It has no Compliance Cost

B

This eliminates the far-reaching effects of tax

C

It resolves disputes related to the classification of goods and services

D

Goods and services tax will not be a cost for registered retailers, so there will be no hidden tax.

Text Solution

Verified by Experts

The correct Answer is:
A
It has no Compliance Cost Explanation:Goods and services tax (GST) has no compliance cost.
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